Entered short at bar#1 after a pin that has rejected the 50% fibonacci level and the prior swing high. It turned out to be an early entry again as it was stopped out to be a trap and was stopped out on the next bar which was another bearsih pin. The price went lower and while it has not reached my initial target calculated by 1:3 R/R it would have offered a better exit near break even in case I’d haven’t used such a strict S/L.
GBP/JPY trade done yesterday
This entry was posted on Thursday, June 10th, 2010 at 10:41 am and tagged with fibonacci, GBPJPY and posted in journal, trading note. You can follow any responses to this entry through the RSS 2.0 feed.
Tag Cloud1stthrust 123pattern AlBrooks atr AUDUSD breakeven breakout confluence correction DAX doubletop ECB EMA entry EUR EURCHF EURGBP EURGBP pullback EURNOK EURSEK EURUSD exit fakey FED fibonacci firstthrust flag flow futuresmag GBPCHF GBPJPY GBPNOK GBPUSD GBPUSD pullback headandshoulders insidebar keltnerbands measuredmove mistake performance pinbar pivotlevel priceaction psychology pullback range recap reversal s&p500 setup stoploss strategy support tactics takeprofit trend trendline USDCAD USDCHF USDJPY
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