GBPUSD Market : Learning How To Handle The Move After..
Updated
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.
Note
exit first Shorts at area mentionedNote
RE shorted againNote
Out on another great fall. Gains taken.Note
Further fall exit again look to re short higherNote
So a great trading lesson learnt; the viciousness of any fall is related to MS and can be ANTICIPATED ~ very importantNote
fall even further Take those gains!Note
Many falls and rises and many gains taken.Note
Hold off longs until early Circa 1.18Note
Looking for impetus this week with standard red/yellow signs.Also NOTE brexit news.
Note
Hold off longs until 1.18Note
Get short 1.211 for early exit gains. Drifting Downwards channel with low impetus.Note
Do not buy unless we get dramatic falls. Do not sell unless we get dramatic rises.Note
Exit any longs look for scaled in light longs towards Ultimate 1.17
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Posts Not financial advice.
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