Trade
Entry:
Date: 16/8/2013 01:21 GMT+7 (Bangkok)
Chart: H4
Type: SELL
Size: 0.02
Symbol: USDCHF
Price: 0.92593
Risk: 5%
Reason for trade/Setup:
The graph declined, when it made to the last high then dropped. I see the potential of going short. Then looking on M5 the graph formed evening start. USDCHF price is often going in the opposite direction to EURUSD that this trade is going up on my open position.
Initial stop: 0.92693
Initial target: 0.92393 (award ratio 1:2)
Result
Exit:
Date: 16/8/2013 01:27 GMT+7 (Bangkok)
Price: 0.92693
Profit/Loss: 10.0 pips (-2.16 USD)
Outcome:
After enter the trade the graph swung up a bit higher then the last highest wick then seem to go down. I put Stop Lost a bit lower than the last highest wick. It was a really quick trade then the price hit Stop Lost. The price then seemed to go down. I should make a wider Stop Lost.
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