Diary of A Trader 6.5 — What I Found During Review
If you were one of the brave souls that watched my latest Weekend Trading Edge video the very end, then you’re aware that the $GBPUSD & I have not been on the greatest terms this year. What I mean by that is each time that I’ve attempted to trade it this year, the result has been my account being less than what I stared with. Well the reverse jinx must have worked because my trading week started off with a nice 60 pip winner on the pair, proving yet again that my only job is to trust the plan and trade the plan.
As I came into the markets today, I had my sights set on this pair once again. Now before you even think it, no it wasn’t a greed or overconfidence thing, the chart simply gave me something that I admired. The prediction came as many of the GBP pairs started to see relief after an London session PMI release which triggered confidence. After a series of beautiful candlestick combinations on the 4 & 1-hour timeframes, I went down to the range bar charts to look for my opportunity. Although the move played almost exactly as I predicted, nothing in my trading plan allowed me to get involved so all I could do is sit and wave as the train left the station without me.
Each day I make the habit, or at least try to if I have the time) to review my trading day and as I did so today I actually did see an entry reason for the above move. Part of me thinks, “stupid Akil, how the hell did you miss it” but the experienced trader that I am also knows that the amount of missed opportunities that I’ve had has also increased over the years as I continue to value the teaching business over the trading business. And well, if you know anything about the range bars or tick charts, they require your complete focus because the move that you’re looking for could be triggered & be gone in a matter of seconds.
If you’re interested in learning more about the new ESMA Trading Regulations & how it may affect you. make sure you listen to my latest podcast episode below.
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