GBPUSD BREAKEVEN

GBPUSD BREAKEVEN
20th September 2016 contacttf
There is nothing fundamentally wrong with moving your stops to break even, but the absence of common sense and the naiveté most traders have when it comes to moving their stops is often quite disturbing.

Another GBPUSD trade. My third on the same pair on the same day. 1,5,30 60 min line up, but the market is not playing ball.

I manually closed trade before it hits  my stop, and above entry point for breakeven. I move on to the next trade.

The break-even stop is enacted when a trader adjusts their stop to their trade's entry price to remove the initial risk amount from the trade.

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