I did two trades in the pound tonight. I should have stopped at the first loss.
3:30 ET [Trade 1]- L(5) GBP/USD 636, Target 4 @ 675, Stop @ 614, TS 1 @ 30 pips. Looking for a continuation pattern on the upside, flag pattern.
5:04 ET – Stopped out.
Trade Totals: -17 pips X 5 = -85 pips
Follow up: The flag range wasn’t big enough to really call it a flag. I shouldn’t be trading that pattern anyway because it is risky.
If you enjoyed this article, you might also like:




