GBPJPY trade taken 21st Oct
Analysed this trade correctly, but managed it horribly.
I had already set my stops and the EA to move the stoploss at the right levels.
However, I started 2nd guessing myself and decided to meddle with the trade.
I got out much too early, totally messing up a big winner.
Got to watch my emotions.
Explainations on the chart.
GBPJPY 2nd trade 20th Oct
My patience tends to wane thin at night it seems. Prob too eager to go to bed or something. lol
Anyway, I definitely got out of this trade waayy too soon.
Price just hit my initial target. So instead of a 2R trade, I got just a 1R trade.
Think sometimes it’s better to just leave a trade running, especially when the stop was moved to breakeven already.
+28 pips, 1R trade.
That makes today’s total
+78pips, 4.125R
I realise there’s a slight problem with the results, I risk between 1-2% of my capital, so as hard as I try to be consistent, the best the R multiples can show are the risk/rewards of a trade.
For example, today’s gains were 4.125R in total, however, the actual increase in my capital is 4.82%
My risk/reward ratios have been improving in the past few weeks.
Explainations on the charts.

