DislikedDid anyone follow GBPJPY today? Psychology at play just George talks about. The previous high was the target to be broken; see how amazingly price did this! It really tests your discipline and the mental game. First, price goes near the previous high (George mentioned this in the podcast), then stays there for HOURS, creating false levels. (Traders are very impatient) Then finally it does a fake move down enticing traders to sell. And guess what? where you put your SL? Price stays there more MORE time, shorts are already trapped and any longs with...Ignored
Trade the value