I have made some mistakes this week, well, stupid mistakes. Anyway, I think  one of the essential trading skills is to learn how to pull yourself back after making mistakes, and bad trades.   Anyway, enough crying like a kid, I am still trading throughout the week. I thought the $GBPUSD short is worth sharing here.

I entered the short position near 1.5 area since Thursday session,  2 profit targets were achieved. This is not an easy trade, price was swinging around before actually moving in my favor.

Here is the…. CHART.

I thought I was going to call it a week early, but Cable gave me some bonus before the weekend. I was looking to short $GBPUSD around 1.48 area, however, the sluggish price action around 1.47 and yesterday’s high prompted me to give it a short earlier. 2 profit targets were achieved, and 1 still trailing. I am considering to buy some around 1.46, let’s see.

Here is the CHART!

Have a great weekend!

I thought I would choose a good trade a day (if there’s any) to post here. Maybe some of my 12 readers might find it to be useful. I shorted GBPUSD during early European session when cable failed to exceed yesterday’s high. My entry was not ideal, it was a little bit late.  The trade worked out nicely with 2 profit taking orders triggered, and last portion of position is still trailing.

Here is the Chart. I thought it is pretty simple.