RE-CAP of the GBPAUD short trade
(1) I asked the question, "Where is the evidence that GBPAUD will continue to bounce up off that trendline?" Of course, higher lows every time it bounced...Yet I was short at two places. Why? This is not an emotional set-up.
(2) So, I asked, "What is the bigger picture?"
Bearish sentiment and daily bearish set-up....and you can see that the plan is working.
Surely, looking at prices are important, but if one wanted to be an expert in this field for the long haul, then it would be helpful to have fundamental knowledge and/or sentimental knowledge for discussion.
My philosophy: Prices tell a story; yes, and that story can be found in a wholesome approach to full-time swing trading.
(2) So, I asked, "What is the bigger picture?"
Bearish sentiment and daily bearish set-up....and you can see that the plan is working.
Surely, looking at prices are important, but if one wanted to be an expert in this field for the long haul, then it would be helpful to have fundamental knowledge and/or sentimental knowledge for discussion.
My philosophy: Prices tell a story; yes, and that story can be found in a wholesome approach to full-time swing trading.
Trade closed: target reached
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.