The secret to trading is not over complicating, not over trading, small stop losses, and a over 50% success rate. Also, one or two trades a day no more
I will also show you how to use compounding to build up your account easily.
FTSE 100, showing a little rally but the move overall is bearish now we have broken the 5970 support point and there is a gap formed on the 5min chart.
Place an order to sell @ 5960, SL 20 pips, Target 30 pips
Yes it stopped out. Should have waited later in hindsight, as I see a downtrend happening. I base my trades mainly on support and resistance levels, 1.3640 was a level back on Jan 24, Jan 26, Jan 27, Feb 3, Feb 4 and last friday. The long wick on the last hour is indicating a potential sell, I can see long run heading south to 1.3470 levels again