Weekly Trading Review (week 2)

GBP/USD Hourly

My second trade of the month. another saddle point on GBP/USD hourly chart, alligator was sleeping but not for long, quite short consolidation. Didn't take fractal no 1 breakout, because it's too early, the alligator was just starting to sleep. Then a second breakout, on fractal no 2, but I also didn't take it, coz the alligator was still sleeping.

Price failed to go up, create a bearish divergent bar (fractal no 4), if you're aggressive you can take this. Then it continue to go down and break fractal no 3, i enter sell at 1.6107. After i enter, price went up but it still close below the red line and didn't hit my stop loss at fractal no 4. Then another fractal breakout (fractal no 5), add on sell at 1.6084.

It's quite a volatile market, decided to tighten up my stop for one of my position, 5 bar trailing stop for my 2nd position and i got stop out at 1.6077 (fractal no 6), a total profit of 7 pips and for my 1st position i used the red line which was hit at candle no 7 where it close above the red line at 1.6083, a total profit of 24 pips.