Day 7 ¦ GBPUSD 1m Scalping on _W_ - Nice SHORT and lessons learnt.

5 months ago
5

What did I learn today?
1.) ALWAYS respect the tight SL and don't DCA!
2.) Trade just the described nice structure breakdowns
after price breaks down from both: a trendline AND a horizontal
structure line.
3.) For LONGS, trade my usual "W" pattern trades. Entering far
below ma20 or just above ma20 - depending on the position of
the "W" pattern.
4.) Put SL to breakeven If I don't plan to just scalp for QUICK profits.

Today I basically just broke even with just around $12 in profit.

*DISCLAIMER: I'm not a financial adviser and this is not a financial advise. Remember, most traders lose money.*

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