Stopped out both times on GBPUSD forex trading today

Today the markets moved exactly to cut out both my long and short trade with such efficiency, it makes you wonder if they were waiting for you!

Anyway, the two trade areas were 14395 and 14351. The long came first and practically immediately reverse at 144400.. I did think that this is a whole number and these are usually areas of resistance or support. The market reversed enough to hit my stop which was also my entry for the short… it went 20 pips and then reversed and took out the long.

Each stop was 50 pips so I ended up 100 pips down!

Did you like this? Share it:

Tags: , , , , , , , ,

Category: money, Spreadbetting, Trading