Open trading account 
Here is my quick review of my first trade:
Currency Pair: USD/TRY
Side: Long
Amount: 5Mill
Time Frame: 1h
Open Price: 2.133467
Close Price: 2.12377
PnL: -97 pips loss
Open date: 04.08.2014 07:00:20
Close Date: 05.08.2014 08:23:20
Reasons Behind the trade: This was supposed to be a quick trade between some intraday support and resistance levels nothing complicated about it. After my order was triggered the market stop moving any further and we stayed in a tight range until next day(see Figure 1). After we broke that support level I've moved my SL just below the breakout candle but as it can been seen my SL was hit and than the market reversed.
Well this is definitely not the rigth way to start the month, and I'm not speaking about the fact that I had a loss but because right after my SL was hit market reversed and my TP would have been hit. But unfortunately was my mistake as I've moved my SL to close to the market and to soon. But as Jesse Livermore would have said "The mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line."
Now I'm on sideline waiting patiently for my next trade, the next trade must be a winner to keep any chance to get a spot in the top 10 rank.
Best Regards,
Daytrader21
Currency Pair: USD/TRY
Side: Long
Amount: 5Mill
Time Frame: 1h
Open Price: 2.133467
Close Price: 2.12377
PnL: -97 pips loss
Open date: 04.08.2014 07:00:20
Close Date: 05.08.2014 08:23:20
Reasons Behind the trade: This was supposed to be a quick trade between some intraday support and resistance levels nothing complicated about it. After my order was triggered the market stop moving any further and we stayed in a tight range until next day(see Figure 1). After we broke that support level I've moved my SL just below the breakout candle but as it can been seen my SL was hit and than the market reversed.
Well this is definitely not the rigth way to start the month, and I'm not speaking about the fact that I had a loss but because right after my SL was hit market reversed and my TP would have been hit. But unfortunately was my mistake as I've moved my SL to close to the market and to soon. But as Jesse Livermore would have said "The mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line."
Figure 1. USD/TRY Daily chart
Now I'm on sideline waiting patiently for my next trade, the next trade must be a winner to keep any chance to get a spot in the top 10 rank.
Best Regards,
Daytrader21
