GBPJPY
time frame ----- 4h
account after -- 1487,95
entry ---------- 225.30
SL ------------- 225.55
TP ------------- 224.90
profit --------- -15,72
date ----------- 7. Dec
risk level ----- 1,05%
risk to reward - 1,60




Reason for:
entry - breaking of a resistance and pivot point somewhat further up
stop loss - a little below resistance - mistake
trade profit - below psychological price (225.00) and somewhat more - mistake

This trade didn't go the way that I had planned. Although the price crossed the 225 level indeed, it missed my TP level by 4 pips. I shouldn't have entered after the pivot point because the last resistance was too far up and I hadn't planned that trade in front but rather thought that I saw a good opportunity. I guess the emotional thinking took over to make 2 bad mistakes (bad entry and bad stop loss and profit levels). Have to practice discipline and not make decisions that haven't been analyzed long before the actual trade happens...

MISTAKES TO AVOID IN THE FUTURE:
1) not to enter unplanned trades
2) not to enter too close to a psychological level
3) no giving in on TP and SL targets




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