Goldilocks and the "Just Right" Market for Trading
February 25, 2016
2 Min read
Looks like the GBP/USD move was a downwards one - as I mention in today's video.Does it matter? Not really! The signs were there to pick up the trade.If you didn't trade it, take some time to go back and take a screenshot of the chart on various time frames, with your significant levels in place.That way you can analyse the chart and figure out what indications there were that the market was going to start another leg down.Then make sure you annotate the chart and keep it stored in your Evernote Journal, for quick reference for understanding your micro-strategy better.(Pssst... take the 1 Hour chart as a starting point and then look at lower timeframes).Today I've been talking about what made the GBP/USD pair so good for trading this week.It somehow had the Goldilocks 'just right' feel to it.
You know the story Goldilocks and the Three Bears? One bowl of porridge was too hot, one was too cold and one was just right.Well the volatility and momentum in GBP/USD has been JUST RIGHT.Find out more in today's vlog:https://www.youtube.com/watch?v=IgxKRfNuBVQ