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August 06, 2020 | Short Term Trading

Posted: Thu Aug 06, 2020 6:47 am
by Alexander
I will be away from my desk for a few hours and wish everybody a good trading day.
GBPUSD H4 chart is telling me that we will see some nice price action today.


profx_06082020_H4.png
profx_06082020_H4.png (45.48 KiB) Viewed 3173 times

Re: August 06, 2020 | Short Term Trading

Posted: Thu Aug 06, 2020 3:15 pm
by Alexander
I entered long when it looked like it wants to go higher but the momentum collapsed and I closed the trade at break even. Later I entered a second buy trade but as the price did not move as anticipated, I closed the trade manually at break even.

profx_06082020_M5.png
profx_06082020_M5.png (42.72 KiB) Viewed 1068 times

When you see a chart like this, it is usually the best to wait until there is a clear direction.