POSSIBLE 1000 PIPS MOVE COMING
Updated
The COT report has shown an institutional decrease in Long exposure for the past 4 weeks on the GBP giving us a retracement from previous peak on the week of Jan 23rd. Despite this
we can expect the pound to regain strength given what looks to be some hedging going on in the report and the JPY weakness.
I'm definitely not 100% sold on the long idea as you will hear near the end of the video but its definitely something i'm looking forward to if the conditions look right.
Let me know what you think :)
we can expect the pound to regain strength given what looks to be some hedging going on in the report and the JPY weakness.
I'm definitely not 100% sold on the long idea as you will hear near the end of the video but its definitely something i'm looking forward to if the conditions look right.
Let me know what you think :)
Note
After missing the initial breakout opportunity and missing the structure re-test I'm staying out until i see a break and close above 150.900 area.Note
Discipline is the #1 Asset of a Trader. I chose to stay out of the last trade opp (the one drawn on the 4hr chart) because i failed to wake up on time to do my daily routine. You're probably thinking im stupid for letting money slide when i knew the trade was sound.. and maybe you're right BUT this is a lesson for me not to derail from my routine and to treat my trading professionally.Keeping your discipline on check will help you avoid tragic mistakes and help you succeed in this business.
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