GBPJPY
direction ------ short
time frame ----- 4h
account after -- 1413,11
entry ---------- 215.36
SL ------------- 216.07
TP ------------- 214.70
profit --------- -6,48
date ----------- 3. Jan
risk level ----- 0,46%
risk to reward - 0,93
Reason for:
entry - The price had been in a strong general downtrend. After 1 positive candle, a hammer had formed quite near resistance.
The stop loss was taken out. The price had reached my goal afterwards and gone 2 pips further. However this trade risk/reward was not good.
MISTAKES TO AVOID IN THE FUTURE:
1) SL should be above the resistance.
2) follow ONLY the strategy and not do experiments with real money

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