Not the best of trades as the 1.5500 level seems to be a bit of a pivot point looking at the longer term charts. Strong resistance at this level was also shown on the 10/01/2012.EURGBP and EURUSD were lined up again. I saw it too late but it would have been a bit contradictory for me to take it as the same reasons for not taking it yesterday should still apply. Lets see what happens again today.
Guess these things happen. AUDUSD took of and would have hit TP. :cheesy:AUDUSD also lined up and what makes it stronger is the daily close above the long term resistance on friday. But as I'm already in EURAUD trade, I don't want to expose too much in AUD so I'll pass on this.
I must admit I must tighten up on my discipline and get my calculations correct. Although this was a good trade with good profit, my risk is only supposed to 5% of my initial capital which is $250 and looking at a 2:1 R:R, I should only have made $500 here. This also shows in the previous two trade where the miscalc meant a loss of 415 and 390 dollars.Second trade:
Buy EURGBP @0.83460
TP hit for profit of $934
This pair turned just as my TP was hit. Well timed :clap: