Wednesday, October 2, 2013

2nd October 2013: Trade #5



Original SL = 3.3 pips
Original TP = 9.8 pips
Reward / Risk = 3
Transaction costs = 0.7 pips

Final TP = 1.2 pips

Net profit = 1.2 - 0.7 = 0.5 pips

This trade finished in minor profit. I saw a pinbar in favour of the short-term trend and went short at around the 40% level of the pinbar. Price then stalled for three candles (15 minutes). There was no breakout so I closed with a minor profit of 0.5 pips. Price reversed shortly after.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.