GBPJPY Naked Trading
מעודכן
Look Look Look... I don't use indicators like that but when I do I use RSI and Moving average.
- Rsi sucks but I use it for divergence.
- Moving average is nice it tells you if the market is going to go bear or bulls and is great for exit points but "I do not rely on it".
WHAT DIVERGENCE?
- It is a hidden divergence, signaling a continuation of a down trend.
Price action is drawn above but it is down line " \ "
RSI is drawn above as well but up line " / "
Support & Resistance:
It looks like it is trying to retest a resistance before it goes down.
It has to make Lower Highs and Lower Lows to continue the trend.
**The only time I'm using indicators is when I need confirmation that my analysis is going the right way before I head into a trade.
BTW just to keep this simple and "SHORT", we SHORTING.
- Rsi sucks but I use it for divergence.
- Moving average is nice it tells you if the market is going to go bear or bulls and is great for exit points but "I do not rely on it".
WHAT DIVERGENCE?
- It is a hidden divergence, signaling a continuation of a down trend.
Price action is drawn above but it is down line " \ "
RSI is drawn above as well but up line " / "
Support & Resistance:
It looks like it is trying to retest a resistance before it goes down.
It has to make Lower Highs and Lower Lows to continue the trend.
**The only time I'm using indicators is when I need confirmation that my analysis is going the right way before I head into a trade.
BTW just to keep this simple and "SHORT", we SHORTING.
עסקה סגורה: הגיע לסטופ
SL was hit, it is all good. I would of manually closed aka got out. But I was working out. All good. Another day to trade. I forgot my rule. Im stupid.I only trade MONDAY, WEDNESDAY, and THURSDAY with GBPJPY.
Tuesday is somewhat a consolidation period.
Sunday is when the market opens and if there is a trade to be made I will do it.
Friday is too crazy, sometimes news or just to volatile for my small account.
כתב ויתור
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