Ideally we could wait, lose some pips but be guaranteed right.
However I'm going to risk my 25 pips I made this morning on price going south and not retouching the high.
Entry: 1.1360
SL: 25
TP: 200
R:R 8
If I'm right, I will exit my trade early if I see price turning before my TP is hit.
If I'm wrong, I'll take the 25 pip hit and re-enter at the high later today or tomorrow.
However I'm going to risk my 25 pips I made this morning on price going south and not retouching the high.
Entry: 1.1360
SL: 25
TP: 200
R:R 8
If I'm right, I will exit my trade early if I see price turning before my TP is hit.
If I'm wrong, I'll take the 25 pip hit and re-enter at the high later today or tomorrow.
Trade wurde manuell geschlossen:
Closing this trade: +3 pips.
I'm being impatient. I should wait.
I'm being impatient. I should wait.
Trading should not be gambling. I should be highly convinced that price will head in a certain direction.
In this particular case, I'm undecided and taking a +25 pip gamble.
I closed this trade and I'll wait to confirm direction.