This is Bitcoin on a 5 minute chart. The trade was closed in about 20 minutes

Short at 58475.50

Covered at 57846.50

This is the 4 hour chart

I managed to trail the stop loss to about+300 pips and was stopped out at 1.20542. The order was for 1.20543 (There was very slight slippage).

Here are the prior posts:

EUR/USD – Long Trade Example

EUR/USD – Long Trade Example continued *update*

The remaining position was exited via the stop loss order for about +40 pips

Here is an important point. I was monitoring the market while the price was around that 23.6 Fibonacci level. I consciously made the decision to remain in the trade. If I exited earlier it would have meant an extra 30 pips or so. That’s trading!