Here’s the trade strategy question related to all trades, weekly and daily. I hark back to Peter Wadkins words. What happens if the market implodes, crashes or melts up or down. Is the trade strategy factored to all possible scenarios. The question is absolutely.
GBP/USD began the week at 1.3300’s. Here’s the main point to crash, and melt up or downs.
GBP/USD. Break Point 1.2998, below targets 1.2862.
Never expected the market to crash or melt up ow down but absolutely prepared. GBP/USD traded to 1.2772 lows and while we didn’t catch every pip, we caught the vast majority of traded pips.
GBP/JPY began the week at 141.00’s. Never expected a melt up or down but we’re prepared.
GBP/JPY. Break Point 138.54, below targets 137.43. GBP/JPY traded to 135.00’s. We didn’t catch every pip but we caught a vast majority.
GBP/CHF began the week at 1.2100’s. GBP/CHF traded to 1.1600 lows.
GBP/CHF. Break Point 1.2021, below targets 1.1966. We didn’t catch every pip but certainty prepared.
Not accounted was GBP/NZD and GBP/AUD however ironically, EUR/NZD and EUR/AUD this week resulted in good trades.
GBP/NZD and GBP/AUD extremely wide rangers but also becoming problem pairs and both are no associated to EUR/NZD or EUR/AUD.
The melt down for GBP this week and wise preparation compensated for GBP/AUD and GBP/NZD.
Markets and trades are prepared every week to trade normally as this has been the case for the past 3 and 4 years. But now and then an unusual week is seen. Yet unusual circumstances are factored and known at the start of every week.