Another FTB setup. This time the area was a lot better defined than the last trade I took. Here's the entry chart (click to enlarge). Risk was 0.5% off account.
and here is the exit chart with explanation of what happened.
Analysis: Good setup, good entry, but trade management can be looked at either way. Had I not moved my stop loss, I would have made a profit on this trade instead of closing at break even, but it's easy to say that after the fact. Had I taken a loss I could have said "oh I should have moved my stop to break even". Maybe it was poor trade management to move stop, I don't know. It's a tough one.
No comments:
Post a Comment