Magician Work (Re-Entry)
Updated
So the previous trade, the entry was good, the direction was right, however my stop loss was too tight. I'm currently up for the week so the trades I am taking are surplus trades with minimal risk. I managed to take an L the last trade and lose less than 0.2% so is that really an L ?
This trade is add on to my original trade. It is quite riskier because now I have a stronger bias for shorts as I hope the trade goes into profit when it can just reverse, anything can actually happen. If I was still in my previous trade, I could've just taken some profit and would've been happy to allow the market to do its thing.
Anyways, I've allowed this trade to breath more so lets see what happens ...
This trade is add on to my original trade. It is quite riskier because now I have a stronger bias for shorts as I hope the trade goes into profit when it can just reverse, anything can actually happen. If I was still in my previous trade, I could've just taken some profit and would've been happy to allow the market to do its thing.
Anyways, I've allowed this trade to breath more so lets see what happens ...
Note
I went to sleep and managed to put my stop loss in profit so the trade was risk free. I was in profit at a total of 36pips at one point which I would've taken but I was asleep. price managed to take me out of the trade so I'm just going to assess what my next steps should be
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