Lesson for today is sticking to your plan.
As you guys know im short on GU and AU at the minute given the analysis I did with my fib extensions and inversions, levels of structure and trend. Majority of people are either on the side lines or long.
Im not saying im going to be correct but I found as a new trader id come on here and id see majority of people long for example and it would make me doubt my self and id exit winning trades and enter in to loosing trades.
My point is that whilst all analysis is good on here you should stick to your analysis and improve your own system. Use peoples analysis like you do TDI just as a warm fuzzy feeling.
Taking a look at the DXY price is forming a descending triangle and we are due a break out. People say Descending triangles usually break to down side. This is rubbish Triangles should be treated as a break to either side.
Im sure the break driver will be the news for USD next week.
As you guys know im short on GU and AU at the minute given the analysis I did with my fib extensions and inversions, levels of structure and trend. Majority of people are either on the side lines or long.
Im not saying im going to be correct but I found as a new trader id come on here and id see majority of people long for example and it would make me doubt my self and id exit winning trades and enter in to loosing trades.
My point is that whilst all analysis is good on here you should stick to your analysis and improve your own system. Use peoples analysis like you do TDI just as a warm fuzzy feeling.
Taking a look at the DXY price is forming a descending triangle and we are due a break out. People say Descending triangles usually break to down side. This is rubbish Triangles should be treated as a break to either side.
Im sure the break driver will be the news for USD next week.
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