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January 20, 2020 | -14.5 Pips

Posted: Mon Jan 20, 2020 7:56 am
by Andrew
Good morning!

We have US Banks Holiday today

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200120.png (43.63 KiB) Viewed 1809 times

Let's see how GBPUSD chart will behave today.


I took very tiny risk (of 14 Pips) short trade at @1.29775 as the charts are actually moving.
Let's see what comes out.

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200120_1.png (33.86 KiB) Viewed 1699 times

SL hit at @1.29862 (-14.5 Pips)

My SL was 1 pip too close :-)
Still - this was very good trade for quick few pips!

Re: January 20, 2020 | LIVE

Posted: Mon Jan 20, 2020 9:10 am
by fxbountyhunter
Took Sell becasue we where 50% in that dreaded 4H low zone and was happy to see if we got a push to S1 which we did 1st leg +13.6
M5 shows the trade ans M30 showing my previous 4H low zone ( red lines).

Moved to BE and will let this ride ... not sure what will happen with US BH & S1 below ...

Re: January 20, 2020 | -14.5 Pips

Posted: Mon Jan 20, 2020 9:50 am
by Andrew
Great! Thanks for sharing! You managed this trade better than me :-)

Re: January 20, 2020 | -14.5 Pips

Posted: Mon Jan 20, 2020 9:59 am
by fxbountyhunter
2nd Leg closed at BE... Done for the day ...:-) Hindsight being BH should of closed it all ...But as least having a set split trade strategy bagged me some profit

Re: January 20, 2020 | -14.5 Pips

Posted: Mon Jan 20, 2020 12:46 pm
by fxbountyhunter
Just look at this 4H chart going back to end of last year and the red support lines I have drawn , really hard looking for sell setups until this has been broken.
So any sells i do take will be managing very tight