Tuesday Update GBP Mission (almost) Accomplished

Market Maker leave the trails going up. I think many people doing the same strategy as I did. Many times price not hitting the targets or just scratch the zone. I am not surprised if price not penetrate the Target Zone before reverse.

Lessons from this trade:

• Price move whipsawed before big trend to shake the holding positions in this case 2x double    bottom and fake spike when London Open.
• Price only scratch the Play Zone. Likely to miss the setups.

1 min TMA is needed especially if I did the reverse trade like this trade. London open spike can give 15 pips more profit which is nice.

The strategy shifted since maybe so many traders doing the same strategy so MM won’t let we ride the 100 pips wave. Be very aware when price rejected just above the play zone. It is probably the MM doing.

After price hit the TARGET ZONE we need to update new price level. I will keep updating very soon..