Please go over my previous analysis with regards to GBPUSD as I was expecting a continuation of shorts into the week. Although fundamentals is not on my side, I figured that going with high probability signatures such as reversals at order blocks plus reluctancy at fair value gaps will reduce my risk of being stopped out.
I have left 50% on the table to run on daily lows but is my SL is hit, at least I was paid for my trade by taking partials as soon as we traded into a discount.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Đóng lệnh: dừng lỗ
SL hit @ $158 in profit. Watch pt2 where I attack the highs once again
Bình luận
This trade proves that my bias can be incorrect but it's still possible to make money with good risk management
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