Friday 16 April 2010

First GBPUSD Trade

I need to be honest here, this entry was based from the MTP and not on my system. The Risk Reward was 5:1 and in the direction of the Trend.

I modified the rules slightly, to take out half the position @ 100% the initial risk then move the stop to even.

I made 1% account increase today or +31pips, again this could have been trebled if I had closed out when price wasn't breaking resistance.

I'm obviously still a fan of moving of moving quickly to break even + not sticking to rules.

All in All not bad tho - +31pips

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