Part 2: Short GBPUSD
Haha, this is exactly what I was afraid for. Yesterday night I realised what a stupid trade this was and I got caught up in my own confirmation bias. I took a trade off hours, before the non-farm payroll of today and best of all; I broke my rules. If you look at my entry point, if I had waited for the push through my automatic rally, I would have never taken this trade, right from my entry price pushed upwards. Yesterday night I saw 2 volume spikes which indicated that buyers were active, so I decided to take a -0,41% loss.
- never trade against my rules
- be more patient
- don’t be greedy
- don’t get stuck in your own confirmation bias