GBP/JPY trade recap

I have missed a fairly good short entry in morning in the trend’s direction. It was a break down from an inside cluster after a long legged doji at the resistance line of the bearish trend channel.
Later I entered short on a minor pullback ending with a nice bearish pin. I was still nervous regreting the missed trade at higher level and jumped out of the position near break-even feeling that there was no momentum to the downside. Of course the pair did move lower and tested the second pivot support. The trade would have reached the 3:1 risk/reward level.
The second top above the channel resistance was not a clear setup and unsafe to enter because of the noise that was created by ECB comments.


setups traded/missed       1 : 2
trades won/lost            1 : 0
pips gained/lost        3.5 : 0


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: