Equity is more important than position

Positions was King In my early trading life, I thought positions were very important. How can you make profit if you don’t take sides and have positions? I was wrong. I busted several forex, futures, stock derivatives accounts (options, warrants,…

GBPUSD, August/8-11, Daily. Expecting a deep dive

GPBUSD is in a big, perfect downtrend. 1.3200 becomes an important resistance and price is very weak, just hovering above the major support at 1.2950 level. With the confirmation of the MACD bearish cross on daily chart, I am expecting…