Hello kollegas,
i have the strange feeling that very soon the point of time will come when GPD makes a down-correction minimum 100 pips, lets see what will happen…
Sorry i mean GBP, thats the evening beer…
Beer or no beer- my timing was right
Boy, you nailed it Kashmaster! Looking at your chart, was the “strange feeling” based
on reversion to the MA line/top of the cloud, or something else?
So you went in short at 1.307 and held it at >100pips into your stop as price went to 1.317 for what you said was a potential >100pip TP. Hmmm… fair enough, not sure a 1:1 RR on that time frame is completly logical? Either way, on this occasion well played.
The cloud was not the reason, I just had the impression, that the up move is not so much supported by the entire enviroment and its time to correct a part of the move, thats a normal reaction after up-moves. I personally did not go short on this asumption , it was just a kind of “loud thinking based on price action”
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