OK, let’s try this again, except short this time. Surprise box breakdown…
Short 1 AUDCAD @ 8097
Stop @ 8159 (-59)
Target @ 7788 (+309)
As you can see, price did hit my target, but I diddn’t have the balls to stay in. Price was jumping 50 pips at a time sometimes and I wanted to be sure to protect my profit.
I closed out the trade at 8013 for +91 pips. I really need to work on stacking and having the confidence to stay in. I should have looked at the other pairs to see what they were doing. If they were making large moves across the board, that should have singaled me to hold on until my target and even get aggressive and stackat 5 minute breakout levels.
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