GBPUSD Speculation - Long trade I have taken
Updated
So this is my Friday set and forget position...
I went off the GBPUSD T box with a small under-leveraged position, and if I am on the fairway come Monday I will think about either pulling out a 5 wood and swing again for down the fairway for more trim, if it really is far down the fairway on Monday by some news and returns looking pretty I will draw my 8 and go for the green....
We will see.
No indicators.... why?
Well TA doesnt help alot in the world of real money trading. And the best idicator is often Retail positioning. Retail is predominantly short on EURUSD and GBPUSD. Alot of the time retail is on the wrong side of the trend.
Of course I could be wrong, and many times I am. Over the last 12 months 62% of my long positions were winners, 55% of my shorts were.
I am not going to throw in figures and that stuff. Its easy enough for Traders to establish these.
Ok we see. Now let me look at BTC now.
I went off the GBPUSD T box with a small under-leveraged position, and if I am on the fairway come Monday I will think about either pulling out a 5 wood and swing again for down the fairway for more trim, if it really is far down the fairway on Monday by some news and returns looking pretty I will draw my 8 and go for the green....
We will see.
No indicators.... why?
Well TA doesnt help alot in the world of real money trading. And the best idicator is often Retail positioning. Retail is predominantly short on EURUSD and GBPUSD. Alot of the time retail is on the wrong side of the trend.
Of course I could be wrong, and many times I am. Over the last 12 months 62% of my long positions were winners, 55% of my shorts were.
I am not going to throw in figures and that stuff. Its easy enough for Traders to establish these.
Ok we see. Now let me look at BTC now.
Note
Staying in it. and have played a wood off the fairway towards my green... which maybe a mirage... but stops are in at break even and worst case here is a par so no harm in trying fro a little more. March has been my record month.search my verified system, justforexreal on myfxbook for verified results.
Note
Closed 80% of this position at UK close yesterday, the remainder is still in play with stops at 4075, very under leveraged now, so no worries if it burns. But have placed reentry orders at yesterdays high, not quite as geared as what the initial trade was.Lets see. Early days of Brexit though so I think things could still go North.
Trade closed: stop reached
So the small amount was stopped out, but the entries above have triggered, so I am back in long again. But thats a new idea. Will maybe share later.
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