NZDUSD Trade on Apr 27, 2016 20:00 from chanel: Tradervue User Stock Trades.

Pair was in a bullish channel. There was strong resistance at .6900. A few days prior, the pair broke above but I wanted for a pullback and a signal above resistance.

On the 27th, the pair formed a bullish pin bar on the 1hr followed by an inside bar. As you can see below:

I entered at the break of the pin bar but got 15 pip slippage due to Fed announcement but in my favor. I rode it out and adjusted my stop-loss to break even when I took off 2/3 of my position at .6985. Reading the price action, I set the stop-loss just above .6955 which would signal a change in momentum and got out at .6999 on Sunday’s open.

Grade: B+
I only wrote off a few points because I traded right before a news announcement which could have been a disaster. The trade management was very good and trading rules were followed. Reading the price action was key to this trade. Thanks to PATs Trading! 😃

Note to Self: Keep better record of the trades as the trade is occurring. Have a notebook next to you to write out thoughts as they occur. Be sure to record trades in Excel sheet.