As mentioned this morning I was concerned that the trade had not moved down by 40 or 50 pips over night. With that in mind I pushed the stop loss to break even, to remove the risk on this position.
The stop has been hit and the position was closed for 0%.
This was a good strategy trade and it ticked all the boxes. Just a shame we didn't get the dollar strength required to push this pair lower.
The initial stop would have been hit, if I hadn't moved the stop to break even for a loss of -1%
Chart below
Cable
This order was removed as I feared the US Dollar was weakening and we would get stopped out.
As you can see from the chart below these fears were realised this morning and it was a good move to cancel the trade.
The stop would have been hit for -1%
Chart below.
To confirm we are flat at this point in time and we are running a 0% profit.
I am still looking for a strategy trade, if I find one we will be in it.
Have a good day
Regards
Scott
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