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Aug 03

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2 x Breakeven's

Not a busy day trading today.

Went long on GBPUSD at around 09:00 but the move didn’t get up to the expected 1.6000 mark, so that came off for Breakeven. Same with a short move on EURJPY later in the day….now taking the mutt for a walk and much-needed fresh air – whoppeeee.

Harvey the Chocolate labrador

Question : When do you take a trade of manually and not let it hit your stop or Target ?

Both these trades I took off before my stop was hit. My entry and stop was tested twice on each trade. The third time I decided enough was enough and took the trades off the table.

Happy Trading

Jimmy

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Permanent link to this article: http://intradayforextrading.co.uk/2010/08/03/2-x-breakevens/

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