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GBP/JPY this week


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Went long twice this week and lost both times for a pretty hefty loss (over £200).

Need to learn some lessons.  First of all, the price action pretty much mirrored GBP/USD, and the losses would have been less if I'd just traded GBP/USD.  So, there's the first lesson.  :P

 

GBP_JPY_20200821_13.33.png

Edited by dmedin
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Next lesson, I entered too late.  Here is when I should have gone long.  The position would still be open (using risk:reward of 1:2), could be taken out soon but losses would be less.

 

GBP_JPY_20200821_13.37.png

Edited by dmedin
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Still open, but looks unhealthy AF.

Overtrading, bad timing and breaking your rules leads to losses nearly 100% of the time: so find something else to do during the day.  God only knows what though.  Selling TA courses maybe? :D

EcD4P8WP

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