GBPUSD A1 Long B Grade (Idea)

10 Sep 2021

This was actually the first trade idea of today, and the difference between A and B grades really shows with this one. Still a great trade, however I don't trade over extended candles. These candles are defined as the biggest body of the day and could be caused by momentum, which could induce a pullback and this is why I don't trade them. This trade moved about 1.6R before reversing to entry, but according to my trading plan, 1.5R is where I close half the trade and lock my stop, in the long run this saves you more money. No one went broke taking profits, but it's good to not take everything off too early. You need to let your winners run in order to have a positive RR ratio.