Shorted GBP/USD in the Asian session at GMT 2:52 and had to wait for 4 hours for the trade to move in my direction. Managed to gain 23 pips before it staged some pullback. Spared myself the agony of waiting for hours for the trade to turn positive.
Then later in the US session, shorted the same pair again, however this time I cut lost at 22 pips after disappointing UoM Consumer Sentiment even though the signals showing downtrend were still intact. True enough, 40 minutes later the trade went down again and could have hit my PT of 30 pips.
I was too cautious not to lose my earlier winning, that I stopped at 22 pips loss.
Then later in the US session, shorted the same pair again, however this time I cut lost at 22 pips after disappointing UoM Consumer Sentiment even though the signals showing downtrend were still intact. True enough, 40 minutes later the trade went down again and could have hit my PT of 30 pips.
I was too cautious not to lose my earlier winning, that I stopped at 22 pips loss.
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