Slow going here. Green though. Keep the winners running, especially since things are pretty slow this morning. (PST)
The GBP/NZD entry was completely out -
I was betting on a bounce as well as tonight's speech ( RBNZ Gov Orr Speaks ) to send it up a bit. I therefore preferred to leave the bond. Bad judgement
I was betting on a bounce as well as tonight's speech ( RBNZ Gov Orr Speaks ) to send it up a bit. I therefore preferred to leave the bond. Bad judgement
It's not a dream. Chipsa is real!
Analysis of GBP/AUD 
1 - Exceeding ADR Hight.
2 - Exceeding TDI 68 + WR61 +
3 - ADR HIGH over 100% ( 250%?)
Why I stayed in the trade
1 - TDI was slowly declining and not making higher points.
2 - Generally after a move like this it sets up a correction, but we don't know where, that's why I designated WR78.
3 - Too bad I didn't hit the WR138 threshold when the price was already falling, but I wasn't at the PC.
4 - At TF240, TDI was beautifully high and GBP was ready to fall, so I stayed firm.
1 - Exceeding ADR Hight.
2 - Exceeding TDI 68 + WR61 +
3 - ADR HIGH over 100% ( 250%?)
Why I stayed in the trade
1 - TDI was slowly declining and not making higher points.
2 - Generally after a move like this it sets up a correction, but we don't know where, that's why I designated WR78.
3 - Too bad I didn't hit the WR138 threshold when the price was already falling, but I wasn't at the PC.
4 - At TF240, TDI was beautifully high and GBP was ready to fall, so I stayed firm.
!!! This is why it is important to allocate positions, you can come out in profit !!!
It's not a dream. Chipsa is real!
Analysis of GBP/AUD
Hi John,
Cash the cow, as much as you can.....!!!!
- #42,330
- Feb 23, 2023 5:55pm Feb 23, 2023 5:55pm
Closed my trades, since already passed the prop firms challenge. Still a lot to learn.{image}
Btw, does anyone have trade report exe for MT5? Mine doesn't show correctly for JPY pairs. Thank you.
Analysis of GBP/AUD
Hey John,
This is a good example of how important fundamentals are in this system. The pivots give us an edge but technical is not enough. GBP started this week with a bit of confusion but blew that out with strong PMI on Tuesday. I also liked the look of this pair, but AUD has been weaker across the board this week, possibly due to RBA comments suggesting 25bps increase rather than 50bps. AN also hasn't been able to move north, NZD is strong, so no surprise there. Same with USD. Are you familiar with the reference 'low hanging fruit?' If the GA remains at R138 or thereabouts, it will very likely pullback early next week to what will be the WPP. That is likely near what is currently R78. We will see what happens today and tomorrow though.
Analysis of GBP/AUD
Seek first to understand, then to be understood
