Week 11 Forex Performance

With week 11 forex trading winding down, I currently sit at -$250.  I was able to recoup some of my losses from Tuesday with a $1000 profit this morning on the GBP/USD.  This successful trade was simply a break of support and sticking with the trend. 

I put an order in before going to bed right below support.  The price managed to break through support and head down to 1.7308.  It didn’t hit my limit before retracing.  I woke up to this and decided to close out the position at 1.7343 for a profit.  I gave away $1000 by getting out late instead of at the low of 1.7308.

Here is a graph of chart I decided to trade on last night.   The arrow is where I entered the trade below the purple dotted line (support).

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