GBPUSD: H2 ACTIVE SHORT
Updated
The markets seem to be in alignment on the H2 and the M15.
1. The CH signifies for me a change of character but its not enough just to just jump into a trade, I need further confirmation to give me more confidence to trade counter-trend.
The CH for me signifies the start of the pullback then I wait for an internal i-bos to really give me full confirmation.
Now these 2 phases are complete I'm ready to activate my supply zone limit order at the zone that caused the i-bos.
Whats important to mention here is that this is all mechanical. there is no discretion, no emotion.
These things have to happen or I will not take the trade.
The aim of the H2 is trade as close to the swing high/low as possible so these positions are more set & forget, this is more based on lifestyle design more than anything else.
1. The CH signifies for me a change of character but its not enough just to just jump into a trade, I need further confirmation to give me more confidence to trade counter-trend.
The CH for me signifies the start of the pullback then I wait for an internal i-bos to really give me full confirmation.
Now these 2 phases are complete I'm ready to activate my supply zone limit order at the zone that caused the i-bos.
Whats important to mention here is that this is all mechanical. there is no discretion, no emotion.
These things have to happen or I will not take the trade.
The aim of the H2 is trade as close to the swing high/low as possible so these positions are more set & forget, this is more based on lifestyle design more than anything else.
Trade closed manually
The structure seems to be shifting bullish so I'm out.
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