Stopped Out | GBPUSD Trade Update
GBPUSD went upwards and broke the uptrend channel hitting my Stop-loss.Now out of the trade.
My Conclusion and Thoughts :
So it happens that under the H4 timeframe Support and Resistance Zone/ Level 1.242110 was first tested today morning and then the market broke the level. Leaving me in a 8.5%(of Equity) Loss.
Now that I am kicked out, I felt like opening a big lot size to recover my loss, but I managed not to let greed take control.
This is what you as a Forex Trader should try to get rid,
Inorder to reduce the risk of being trapped in a market condition where there is a probability of a break out :
1) One should wait for further Bull Or Bear power Shown by the currency pair.
2) If one is afraid of missing out not knowing of a Possible sideway movement, Either Trail Your Position once in profit…
That’s what I have learnt From the position, if you have any addition ladies and gentlemen you can place a comment or reply to this post.