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Re: Simple Trading System

firesword, Fri Jul 10, 2026 8:42 pm

Hello traders.
I thought I'll explain why I haven't shorted the market at points marked 1,2 and 3.

* Point 1*
Market closed below 2.3450 but didn't return to test the price

* Point 2*
Market moves through, closes below 2.3400 but doesn't test the price again.

* Point3 *
Market doesn't touch 2.3350 but rejects the level and moves back to test 2.3400
Market tests 2.3400 but it doesn't close above but 25 pips below 2.3400.

I was watching the price for the next hour. Market pushed through and closed above 2.3400.
I was waiting ready to short if it came back to 2.3400. It didn't.
Kept going higher.
9 PM Melbourne time price goes to 2.3450 but it closes below.
At 11 PM it pushed through 2.3450 but I was in bed then so I wasn't watching.
3.30 AM, I go for my routine toilet visit and I check the chart.
Now I don't usually look at my charts at this time of night, only if I'm watching something
that I think is gonna go down quickly. And GBPNZD is a mover, we all know that!

The market pushed through 2.3500 and is pushing down to go through 2.3500.
I place a sell @2.3500
Stop in place, 250 pips TP in place and off to bed again.
8 AM the next morning. I opened my computer, it is an hour after Sydney open. I'm in the market short.
The price was only 10 pips in my favor but it was looking good.
I posted a heads up to the traders here .
That's it.

God bless.
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