Day 8 GBP AUD Long and Short
FOREX Trading Trade of the Year GBPAUD will be controlled by Brexit News and other major news events. Volatility is assured. For the near future our work on this trade of the year will be shared here. We are hopeful that you will enjoy and profit as we will give actionable posts that should be available at GMT 23:oo . Here is what we are doing right now. 02/05 22:42 GMT
We had added additional short position last week in keeping with our biased short guidance from 1.7841 and 1.7830 all the way to the current levels 1.7673. There are those if you will need to become comfortable with applying a hedging bias as it is not a strategy that is taught to most retail traders.
Being candid requires your honest understanding that folks like you and I are mere specks to the whale capital pools. We are destined to be consumed by them unless we learn to follow their movement, mimic their strategies, and avoid their deceitful education that fail so many times.
We make no apologies for our criticism of much of the trading education and include overly trusting students who move into the trading environment without proper study and training.
So we offer this continuing update in hopes that we reach those who are willing to study and practice while striving to reach ProTraderTown
Please notice that had we waited for traditional Price Action we would have missed these four entries. Notice that our closes are early as we expect a retracement and should we miss that we still have good short bias open. A reminder that we expect a continued move down below the current Take profits shown .
2/05/2018 With our target guidance of the 5 day ATR achieved we are booking profits on 4 trades with expectation of a retracement of the bear move downward These trades are inside the range and the hedge we have created.
We are so confident in our work that we give it away…. knowing that most will simply ignore the gift.However we are looking for that seeker that honest chap who knows in his gut that he needs to get an edge. So if you simply click the link it will give you access to our Trader’s Sanctuary where this and other trades are discussed
