Rockstar Trade

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Well, for me at least. This is one of my bigger profits and it took a little more patience than usual, but the trade materialized.

Price bouncing off a resistance point around the start of the trading day. Low probability that it will follow through going into the Asian session. The move was preceded by a sharp upward move, likely lending itself to a reversal. There was also

a MACD Dive.

18:37 ET – S(5) GBP/USD @ 9897, Stop @ 9916, Target 4 @ 9861, TS 1 @ 30 pips
I didn’t really follow these parameters , which is probably an area of improvement.

20:43 ET – Exit 2 @ 9861

2:20 ET – Exit 2 @ 9827

6:25 ET – Exit 1 @ 9799
I was actually up 140 pips on this last lot and probably should have exited, but I got a little greedy.

15 min

Pivots

R2 9974
M4 9949
R1 9923
M3 9888
PIVOT 9853
M2 9828
S1 9802
M1 9767
S2 9732

Trade Totals:
+36 X 2 = +72
+70 X 2 = +140
+98 X 1 = +98
Grand Totals: +310 pips = +$31.00 (or +$3,100 if I was trading a full account)

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