Update: GBPUSD trading lower into New York close as projected in an idea posted earlier. Price is actively breaking short term low marked out in Blue. I personally have a running SHORT position on GBPUSD and have just moved my stoploss 2 pips past my entry (breakeven), this is now a risk free trade.
In my opinion risk management is key to consistency. This trade is currently running 1:1 Risk/Reward, I can't close the position as for me this does represent a positive risk to reward ratio. However this trade setup has ran 1:1, I can't leave my position exposed either as anything can happen in the next session. Catch you guys tomorrow, take care
In my opinion risk management is key to consistency. This trade is currently running 1:1 Risk/Reward, I can't close the position as for me this does represent a positive risk to reward ratio. However this trade setup has ran 1:1, I can't leave my position exposed either as anything can happen in the next session. Catch you guys tomorrow, take care
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