Price action tried to shake us out from getting our booty, but we still succeeded.
The picture's show the wild ride which ensued. I think this is a good example of not 'getting married' to a trade, and being dynamic enough to perceive a shift in sentiment and ride it. This all occured on London's open, and I've seen many examples of this, where price breaks out on the open, only to reverse. It's the classic shakeout/fakeout.
We we're first long on the breakout, and price came within a few pips of target only to immediately drop like a rock. A few switches of direction ended with some small losses until finally we stayed short and rode the price down.
The breakdown is here:
1 lot long -30 pips
1 lot short -11 pips
2 lot long -13.2 pips (-26.4 net)
2 lot short +29 pips & +100 pips (net with two exits)
Trading time: 2:47 a.m. - 4:44 a.m.
Total net: 61.6 pips
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