I calculate 50% weekly taking the full range from Monday to Friday, of the full weekly sail. It is a key level to see the trend.
I calculate 50% weekly taking the full range from Monday to Friday, of the full weekly sail. It is a key level to see the trend.
I'm surprised how accurate your prediction has been. Have you been operating GBP/USD exclusively for a long time, or have you also been working with other peers?
Today the pound is showing a little life, but I don't trust it. It just seems like a setback to keep falling.
The market is unpredictable, all the tests can fail, better stay disciplined like you do, Dilernia.
Does anyone else believe that the Federal Reserve is indirectly influencing the GBP/USD movement with its policy?
I love these level-based analyses, much clearer than those indicators that only get dizzy.
The 1,4625 you mentioned as a target could be a magnet, but be careful with the last minute news that can move it up in seconds.
Dilernia, how do you mentally prepare for a volatile week? Do you have any pre-trade routines?
Yes, I review the economic calendar on Sundays and plan the key levels. I also review my previous mistakes not to repeat them.
One question: do you use trailing stops or do you prefer manual closures in your operations?
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