GBP/AUD Last Week Trade Scenarios

Last week’s Short entry at 1.8974, Target 1.8600’s first traded a 62 pip gain to 1.8912 then decided to Trade 105 pips above entry to 1.9079.

 

As posted, entry was below low 1.9000’s so

 

Actuality, overbought 1.8974 Traded to higher overbought.

 

My overbought / Oversold scale is not only far different statistically than the majority but actual overbought Pips was about 70 pips from low 1.9000’s.

GBPAUD Traded to 1.8894. Entry was missed but not Trade profits.

Here’s where no stops, no charts, Break even, add lot and no losses becomes demonstrated reality.

 

How many traders would’ve taken a loss on a higher GBPAUD, Majority.

 

How many Traders placed a stop in the as usual wrong place then stopped out for losses.

How many traders saw 105 pips higher as a golden free money opportunity. None.

What did Charts reveal ? God only knows for 1 picture and 10 scenarios.

Add a lot anywhere near 1.9079 result to 1.8894 was 185 pip profit.

Entry from overbought to higher overbought doesn’t matter, just enter and quickly.

Trade to break even was second reality. No losses.

How about hold Trade at 1.8974 to 1.8894 profit 80 pips.

Entry was missed, not profit,  GBCAD offered same scenario,

 

Brian Twomey

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