GBP USD 15M Trading Journal
GBP USD 15M Trading Journal
I WAS WRONG! You learn more when you fail than when you are right sometimes. Hence why I feel I want to capitalize on what I learned.
#1 Don't make specific speculations the night before a RED FOLDER news.
#2 People who follow me may get tangled in my mistakes.
#3 In hindsight yesterdays cycle could have been viewed as accumulation to the up side and that todays cycle may have been distribution cycle, which at 830 it did. Is that the right logic?
#4 Do not bend your will to the market where I think and DESIRE for it to go.
#5 I love action and volatility. Try to keep that a bay. London provided a nice trade and being conservative while learning is better than chasing action!
#6 I posted a LONG prediction and published it, that as of this moment was wrong and making mistakes is ok.
#7 Lastly price moves to liquidity remember the basics. I am glad I made this mistake. It highlights what I did not see, and that's ok.
Posted Jan 10
"I suspect that price will decline to 15M imbalance at target range of 1.27354 noted by the buy side liquidity and potentially the equilibrium in London.
Heavy day for me to speculate with RED FOLDER news at 830am and desiring for price to break out of its lethargy to the buy side liquidity and hourly IFVG and target range of 1.27879 to an aggressive range of 1.28273."
I WAS WRONG! You learn more when you fail than when you are right sometimes. Hence why I feel I want to capitalize on what I learned.
#1 Don't make specific speculations the night before a RED FOLDER news.
#2 People who follow me may get tangled in my mistakes.
#3 In hindsight yesterdays cycle could have been viewed as accumulation to the up side and that todays cycle may have been distribution cycle, which at 830 it did. Is that the right logic?
#4 Do not bend your will to the market where I think and DESIRE for it to go.
#5 I love action and volatility. Try to keep that a bay. London provided a nice trade and being conservative while learning is better than chasing action!
#6 I posted a LONG prediction and published it, that as of this moment was wrong and making mistakes is ok.
#7 Lastly price moves to liquidity remember the basics. I am glad I made this mistake. It highlights what I did not see, and that's ok.
Posted Jan 10
"I suspect that price will decline to 15M imbalance at target range of 1.27354 noted by the buy side liquidity and potentially the equilibrium in London.
Heavy day for me to speculate with RED FOLDER news at 830am and desiring for price to break out of its lethargy to the buy side liquidity and hourly IFVG and target range of 1.27879 to an aggressive range of 1.28273."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.