USD exotic pairs - more about Sam's first trade of 2019
I haven't taken this trade - yet.
I hate trying to call the bottom. I like mechanical certainty.
But it isn't like that - I hear you cry.
It's just a quick scalp, after a sustained downward trend all day.
Yes. You're right. But Sam Wise, still had to decide when to call time and dive in. Why not make a move at 10:00am? There was a bounce then, as well.
In the end, it was a very quick dip. It was all over by the time the clock struck 4:00pm. Don't hang around. Take the bounce and go.
Could this pair be traded differently today? Tomorrow?
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For sure. It's all about choice. A scalp trade makes more sense if the lot size is big. Dipping in an out, trading a fraction of my normal trade size is less appealing.