27/10/2020 - Trade 1: GJ Sell @ 30min/1hr Support Break
Took the GJ trade based on the 30min and 1hr breaking a support level.
My entry was as the current 30min candle broke the low of the previous 30min candle. The entry was a little late as the ideal entry would have been when the 1hr candle also closed below support (although it was a little weak).
Unfortunately, I didn't get the push I would have liked to secure 10pips, and price stalled twice just before the point we'd I'd move stops to breakeven so I decided to manually move stop to BE. They eventually got hit, which was a good decision in hindsight.
This is a good example of how id like to manage my trades. Trailing stop on 30 and 15min candle highs until my 8pip auto breakeven trigger.
Took the GJ trade based on the 30min and 1hr breaking a support level.
My entry was as the current 30min candle broke the low of the previous 30min candle. The entry was a little late as the ideal entry would have been when the 1hr candle also closed below support (although it was a little weak).
Unfortunately, I didn't get the push I would have liked to secure 10pips, and price stalled twice just before the point we'd I'd move stops to breakeven so I decided to manually move stop to BE. They eventually got hit, which was a good decision in hindsight.
This is a good example of how id like to manage my trades. Trailing stop on 30 and 15min candle highs until my 8pip auto breakeven trigger.