As I’ve been telling you, what I like the most about this entry system is the simplicity in which we get our entry signals.
And with a system like this, black and white, we tend to trade with more discipline, because there is no doubt about the signal: it is or it isn’t a signal, there is no: it could be, but…
Like the GBPAUD right now, I was waiting for the GBPAUD to break an important level, once it broke it, I waited for the signal:
You see how it works, I do my analysis, determine which currency pairs to trade, then look for my entry.
Simple enough? What do you think?
As a side note: there are important fundamental announcements left on the week, including the FOMC minutes, JPY interest rate, US NFP and CAD unemployment report, so we need to be careful.