Dangerous ground – didn’t obey the System but made a Profit – GBPUSD currency trading
Today when I had checked the markets, the GBPUSD had already moved up quite significantly.. this made my channel rather wide at 55 pips or so. I'm always conscious when the market has moved away like this as it should pullback before it makes another ascent. However, the market looked like it was heading upwards so when the market started to pullback, I entered long with a 30 pip stop and a 30 pip limit. My entry was at 1.5453, stop at 1.5423 and target 1.5483. The pullback was deeper than
