GBPAUD – Trade Entry – May 10, 2011

I’m going to start a series of trading journal as to convert this blog into a personal forex trading diary.

GBPAUD - May 11, 2011

This is my entry trade for GBPAUD, May 10, 2011
Comment: Trade is according to plan. And entry conditions are met.

Trade Update:


After breaking the support, it immediately bounced back and creating a really good reversal candle, Engulfing Reversal Pattern).

This trade went against me. A VERY LARGE bullish candle went ballistic and got stopped out. I immediately changed position into long.