Timing is key
Short

Nice reversal trade on the GBP/AUD 60

FX:GBPAUD   British Pound/Australian Dollar
313 10 10
I'll let the chart speak for itself!
Mocean
2 years ago
RBA Rate Cut might throw a Spanner in your Timing Gear... 50:50 chance of rain.
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Timing is key
2 years ago
Hello all,

The 33% level provided nice resistance for the short on this occasion, combined with the forks the trade plan executed perfectly for a 2.7:1 Reward to Risk Trade

Sincerely,

TIK
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Barabaszek
2 years ago
Great work. Thank You.
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Timing is key Barabaszek
2 years ago
Thanks Barabaszek, appreciate your comments
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No change in the rates...still, technical setup worked like a charm here. Great stuff TIK.
+1 Reply
Timing is key IvanLabrie
2 years ago
Yes Ivan, Rates is a BIG news item that will spike the market, however I am a firm believer that any news item has already been factored into the price, The key is to stick to your technicals as raw price action will always dictate. Thanks again for your input, very much appreciated.
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IvanLabrie TOP Timing is key
2 years ago
I watch both, helps time volatility/momentum.
And after starting reading George Soros work, I think the principle of reflexivity is at play in these scenarios...a two-way relationship between market participants expectations and fundamentals (since the ones dictating the fundamental policies are market participants as well). :)

Keep up the great work ;)
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Timing is key IvanLabrie
2 years ago
Yes, a clear example of the power of expectation! No change in rates yet a HUGE spike:) proves your point indeed. Even mainstream technical's like the 50 & 200 EMA carry the kernels of "Expectation", which explains why they tend to be respected levels. Talk again soon:)
+1 Reply
Timing is key
2 years ago
Hello again to all,

I would just like to add that this chart is quite special for me personally as it has validated my FIRST example on Tradingview of a unique methodology I have discovered in the markets. It is unlike anything out there in Technical Analysis and I am privileged to bring the fruits of it to Tradingview. Although not shown specifically in the chart ( for obvious reasons:) ) if you take a close look at the "Timing" of this trade, I actually called the Top on the hourly to the BAR! I locked into it in three ways, ie. Price,Time and Duration. You will also notice that it is a 'Cycle' turn or in easy speak, a more significant turn that will run a decent way and should take out a previous major swing Top/Bottom; which is a major discovery in terms of " The duration of the move ". I am not saying it is foolproof, I have had my fair share of losses, however I truly believe this will be a game changer & I will post future trades based on this methodology using forks & action/reaction to illustrate how both methods work as one in my trading plan.

Sincerely,

TIK
+1 Reply
Barabaszek Timing is key
2 years ago
Good thought .I am looking forward to the next trades idea's.
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