Thinking About Selling GBPUSD

Reviews
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Why do you say that

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@Isidro
Haha that would be a good rule

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@Isidro
He didn’t wait, check the GU 1-hour chart

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Hari said:
@Isidro
He didn’t wait, check the GU 1-hour chart

Let him be, silence is golden.

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@Isidro
Haha good one. Just looked at my charts and I’m already in profit

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Conrad said:
@Isidro
Haha good one. Just looked at my charts and I’m already in profit

You are trading against the trend. You probably shared this trade because you caught a short-term top.

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@Marlon
Every trader sees the market in their own way. My outlook for GBPUSD is bearish. I look at the daily for my direction. Also, what’s a short-term top? Is that something from “ICT”?

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Conrad said:
@Marlon
Every trader sees the market in their own way. My outlook for GBPUSD is bearish. I look at the daily for my direction. Also, what’s a short-term top? Is that something from “ICT”?

People use daily charts for direction. Short-term and long-term trends have existed long before us. I just find it funny how some criticize concepts linked to ICT without understanding them. The ideas aren’t even his; they come from theories like Dow and Wyckoff. ICT just gave them new names. Though he might be a bit of a joke, these concepts are practical and are used by major traders, they just label them differently.

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@Marlon
I’m not an ICT follower. Many of his ideas come from Forex Factory. I learned about price action and supply and demand there. I agree, all ICT’s ideas are rebranded, but honestly, I dislike when someone takes credit for others’ work.

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Hari said:
Why do you say that

There’s a supply zone on the left and I see a fakeout as my confirmation

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Conrad said:

Hari said:
Why do you say that

There’s a supply zone on the left and I see a fakeout as my confirmation

Be careful, it could look like an uptrend and just be making a higher high, possibly a pullback to create a higher low. Once you’re in profit, I’d suggest moving your stop loss to break even so you’re risk-free.

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@Hari
What do you mean by break even?

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Conrad said:
@Hari
What do you mean by break even?

I’m talking risk management, just giving you some advice

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Hari said:

Conrad said:
@Hari
What do you mean by break even?

I’m talking risk management, just giving you some advice

Thank you for the advice!

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I went the opposite way this morning. Didn’t you notice the daily fair value gap