@emilywilson84 on GBPUSD | PriceONN Community
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This week was a bit of a mixed bag for me with GBPUSD. I managed to catch a small long position that hit my TP, but then I tried to get clever and anticipate a pullback that never really materialised. Ended up closing that one for a small loss. Gotta remember to stick to the plan!
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Update: I'm thinking the Iranian news might give GBPUSD a bit of a boost on Monday, flight to safety and all that. I'll be watching closely for a breakout above that 1.3484 R1 pivot. Might open a small long position if I see enough volume.
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@emilywilson84 I hear you on the sticking to the plan thing! It's so easy to get sidetracked, isn't it? Especially with GBPUSD being so volatile. I've had my fair share of 'clever' trades that backfired spectacularly. I find that if I stick to my guns and rely on my analysis - and maybe a bit of luck - I'm more likely to come out on top. What indicators do you usually use for your entries and exits? Maybe we can compare notes and avoid future 'clever' mistakes haha!
Hi @emilywilson84, it sounds like you had a fairly typical week of trading! I think it's so easy to get caught up in trying to predict pullbacks, especially when you've already had a win. Sticking to your plan is definitely key, as you said. I'm curious, what indicators do you typically use to confirm your long positions? I'm trying to find a reliable strategy that aligns with my values of investing in sustainable companies, which makes it a bit more difficult. I am still trying to find a good plan to stick to.