GBPUSD Market : Learning How To Handle The Move After..
So here's a full breakdown of how market sentiment affects Trading, especially now and what to do now we find ourselves with a retracement move.
Firstly it is your job to DETERMINE where prices have value in the market. Where can you get a good deal ya know... that's what we all like.
Trading is absolutely no different. Prices fluctuate in the market and we are looking for the same level of deals as normal (buying high and selling low).
Without Market News and Tracking you will be unaware of the state of anything that is going on and you will be taking trades perhaps sometimes when you should/should not in the wrong size. Remember, it's healthy to vary this at all times.
For USD pairs, we saw them get dragged into the dirt way way down until they were shouting for it to stop. You now have a rise which you have anticipated and can handle (after watching this).
It is time to swap your bias. The market has changed. The value has changed and your direction must too. Take note of sentiment (USD losing value Faster) and change your risk appetite accordingly.
Short Bias remains as we reach core resistance. This is the same across the board as shown in the above video.
As always, Trade small, Trade safe.
Firstly it is your job to DETERMINE where prices have value in the market. Where can you get a good deal ya know... that's what we all like.
Trading is absolutely no different. Prices fluctuate in the market and we are looking for the same level of deals as normal (buying high and selling low).
Without Market News and Tracking you will be unaware of the state of anything that is going on and you will be taking trades perhaps sometimes when you should/should not in the wrong size. Remember, it's healthy to vary this at all times.
For USD pairs, we saw them get dragged into the dirt way way down until they were shouting for it to stop. You now have a rise which you have anticipated and can handle (after watching this).
It is time to swap your bias. The market has changed. The value has changed and your direction must too. Take note of sentiment (USD losing value Faster) and change your risk appetite accordingly.
Short Bias remains as we reach core resistance. This is the same across the board as shown in the above video.
As always, Trade small, Trade safe.
Catatan
exit first Shorts at area mentionedCatatan
RE shorted againCatatan
Out on another great fall. Gains taken.Catatan
Further fall exit again look to re short higherCatatan
So a great trading lesson learnt; the viciousness of any fall is related to MS and can be ANTICIPATED ~ very importantCatatan
fall even further Take those gains!Catatan
Many falls and rises and many gains taken.Catatan
Hold off longs until early Circa 1.18Catatan
Looking for impetus this week with standard red/yellow signs.Also NOTE brexit news.
Catatan
Hold off longs until 1.18Catatan
Get short 1.211 for early exit gains. Drifting Downwards channel with low impetus.Catatan
Do not buy unless we get dramatic falls. Do not sell unless we get dramatic rises.Catatan
Exit any longs look for scaled in light longs towards Ultimate 1.17
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bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.