![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSWA5MMY40ON-05Pi7pUCK1_AFuNGQOQrFDwwb1ZtSWyD-ioQhjProWZ378JUeHCn_80ZR7b_SoDKO5-wjqDG4fEYKXVHJVHznlEKTaDUdCIFeeF6VJnjL3eIpr_cngPycfEhZeuWzAQpL/s400/GBPUSD+-+Hourly+280709+(Update).gif)
Also, if you identified the trade set-up on the Hourly chart above, and entered the trade around fib. 78.6% ret. @ 1.6476, you probably were able to manage your trade well enough to avoid loss.
I entered the trade around fib. 61.8% ret. @ 1.6493. Hence, I lost the trade; however, with a risk less than 0.5% of my capital.
For those of us employing trending methods, we need to fully understand the current market environment as that would protect us from seeking the HOLY GRAIL; and let’s always strive to keep learning about the strengths and weaknesses of our individual methods.
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