EURUSD IS GOING NORTH To Fill That Imbalance from Friday $
The DXY has broke South. The news always causes the DXY to re-balance itself and the Market.
Price Moves for TWO REASONS
1. liquidity
2. imbalance- to re-balance the market. When the market is rebalance it is in its natural state. aka Consolidation.
Simplicity is always King. Indicators lag and you should never rely on them when trading live. The DXY is REAL TIME Price Action and is the Ying to the Yang on most US base pairs especially our ATM Pair
aka Broken Slot machine EURUSD!
Imbalances get filled 45-50%. That's a great destination to pull some or all profit$.
Never over leverage. This allows you always to stay in the game just in case the trade doesn't respond to your analysis. 1-2% max of your account always.
Remember Compounding is magic! Stay true to that formula and over time you will be amazed how your trading account$ will grow.
Always trust your set up. Stay true to your bias. Consolidation is normal and it's meant to jam traders up and also make you think that price isn't going in the direction the analysis calls for.
You are either right or wrong. You can't switch answers on the exam. So don't do it in the markets.
Have fun and have an incredible profitable week!
I AM Pro Trading made Simple.
WE ARE #SniperGang
EVERYBODY EAT$
Price Moves for TWO REASONS
1. liquidity
2. imbalance- to re-balance the market. When the market is rebalance it is in its natural state. aka Consolidation.
Simplicity is always King. Indicators lag and you should never rely on them when trading live. The DXY is REAL TIME Price Action and is the Ying to the Yang on most US base pairs especially our ATM Pair
aka Broken Slot machine EURUSD!
Imbalances get filled 45-50%. That's a great destination to pull some or all profit$.
Never over leverage. This allows you always to stay in the game just in case the trade doesn't respond to your analysis. 1-2% max of your account always.
Remember Compounding is magic! Stay true to that formula and over time you will be amazed how your trading account$ will grow.
Always trust your set up. Stay true to your bias. Consolidation is normal and it's meant to jam traders up and also make you think that price isn't going in the direction the analysis calls for.
You are either right or wrong. You can't switch answers on the exam. So don't do it in the markets.
Have fun and have an incredible profitable week!
I AM Pro Trading made Simple.
WE ARE #SniperGang
EVERYBODY EAT$
Comment:
DXY BROKE NORTH LEFT A HUGE GAP> Threshold Hit