GBPUSD Video - haven't traded the GU this year!
Hey Guys
Second video already! I do like this way of communicating!
Summary:
1. I haven't traded the GU all year
2. Missed short opportunity but that's fine.
3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest.
4. If your strategy permits, you can trade both directions when a setup has presented itself with confirmation. I only day trade the ES primarily with 6E occasionally and swing trade other spot fx pairs and the SPY ETF when opportunities present themselves.
I am constantly stressing the need to identify your edge and trade it consistently. I use the same approach for framing the markets with the same confirmation techniques to enter and exit a trade. I will probably be asked why I don't share my confirmation techniques. The truth is, this is proprietary and I have developed the confirmation techniques over a long time and its taken a lot of work. So, I am not prepared to give that away. However, I do want to make it clear that you must have a criteria that confirms a trade setup is valid to be able to enter a trade. Don't just blindly enter levels that you may be interested in. And more importantly, make sure its a tested edge with a positive expectancy!
Ciao.
Second video already! I do like this way of communicating!
Summary:
1. I haven't traded the GU all year
2. Missed short opportunity but that's fine.
3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest.
4. If your strategy permits, you can trade both directions when a setup has presented itself with confirmation. I only day trade the ES primarily with 6E occasionally and swing trade other spot fx pairs and the SPY ETF when opportunities present themselves.
I am constantly stressing the need to identify your edge and trade it consistently. I use the same approach for framing the markets with the same confirmation techniques to enter and exit a trade. I will probably be asked why I don't share my confirmation techniques. The truth is, this is proprietary and I have developed the confirmation techniques over a long time and its taken a lot of work. So, I am not prepared to give that away. However, I do want to make it clear that you must have a criteria that confirms a trade setup is valid to be able to enter a trade. Don't just blindly enter levels that you may be interested in. And more importantly, make sure its a tested edge with a positive expectancy!
Ciao.