GBPUSD Live Week 41 Swing Zones
First week trading live didn't go as planned. Why, i call it work, life and trading Balance. Managing all three, highlights the challenges of modern-day life whilst seeking alternate source of income.
Ultimately, the goal is to home in on a good trading strategy to transition to fulltime trading.
Week 41 zone is calculated as shown: 264-314.
Price action determines trades
Ultimately, the goal is to home in on a good trading strategy to transition to fulltime trading.
Week 41 zone is calculated as shown: 264-314.
Price action determines trades
Note
First trade hit SL for -10pips
Reentry @272, pinching +20pips Sl be
dtp 30657
Trade closed manually
Entry @272 closed for 50pips.
Buy entry @736 for Sl -10pips
Trade closed: stop reached
Entry @736 Sl hit.
Maybe my Sl is too tight for this market conditions.
Buy Reentry, currently pinching 20pips. SL be
Trade closed manually
Buy entry closed for +15pips
Sell entry, Sl -10pips
dtp 30357
Trade closed: stop reached
4 trades: -10/+50/-10/+15/-10: 35pp
Will be looking for sell setup @31000
Note
As calculated, price bounce off 31000.
Currently pinching +20pips
will be looking for double bottom SZ otherwise aim for dtp @30357
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.