This pair is currently up about 300 pips from entry.
It was an idea from a friend in my Trading Network. I hadn’t been checking on this chart.
So far there is a stop at breakeven. Will monitor.
GBP/CAD – Long Trade
Tag: forex trading
EUR/USD – Closed Trade +350 PIPS
The trade lasted about 10 days. That is roughly $3,500 per Standard Lot.
Something to think about though, is how you would manage the trade if you were over-leveraged. The candle highlighted in red was after the entry, and you’d see profits vanishing. What would you do?
If you were in still in the trade would you exit half the position where I closed it in full? Everyone is in a unique situation and we must have some sort of trade plan.
We started with a weekly view so moving up a stop loss based on a much lower time frame probably doesn’t make much sense in general.
Dow Short Trade – 100 points in an hour
The trade was opened and shortly thereafter there was sharp selling. This allowed for a breakeven stop to be entered.
After a while I moved the stop loss lower and also had a take profit order in.
Then it was decided to move the stop loss to +100 points profit which is where the trade was closed out
Charts101 Trading 