Price has messed around for most of the morning.
During this range bound period I have been stopped at break even.
Price has since made its move down by 40 odd pips. Nothing to exciting but still a profit of 1.5%
I could have held the risk on the position, but i just wasn't prepared to be stopped out for -1% in a slow market.
Chart below:
I am a tad gutted as my entries were perfect with today's high at 1.30954.
However I would be more gutted to get stopped on a position that was doing nothing and had become only a 50 - 50 shot at 5am.
For the trade to be viable I need a push away from the entry as soon as possible.
I held the risk over night and wasn't happy holding into The London Open.
My Bad....
I will post again when I find the next strategy trade.
Regards
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