USDCAD (closed)
Trade Management
- SL was moved to break-even.
- Sl was moved into profit as we fell further towards the target.
Journal
- After being taken out of AU & GU at breakeven earlier this week I adjusted my trading strategy so that when the price is going in the right direction I would slowly move SL into profit in order to maximize the chances of securing profit.
- Some high impact US news came out which is why price shot straight up and took us out of the trade.
- Looking at the trade now if we didn't adjust SL we would still be in further profit however I am happy we secured what we did and we can now look to make a potential re-entry.
Result
+ 2.29%
- SL was moved to break-even.
- Sl was moved into profit as we fell further towards the target.
Journal
- After being taken out of AU & GU at breakeven earlier this week I adjusted my trading strategy so that when the price is going in the right direction I would slowly move SL into profit in order to maximize the chances of securing profit.
- Some high impact US news came out which is why price shot straight up and took us out of the trade.
- Looking at the trade now if we didn't adjust SL we would still be in further profit however I am happy we secured what we did and we can now look to make a potential re-entry.
Result
+ 2.29%
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