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I finished reading This Time is Different by Reinhart and Rogoff and I want to share some of my thoughts. Rather than a detailed recap or a sermon about what needs to be done from a policy-making perspective, I want to talk about the lessons traders can take away from this book.
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Entered AUD/USD at 1.0950 on 26 July. Exited July 26 at 1.1042. Result: +92 pips
Entered with no stop. Greatest open loss: 15 pips Greatest open gain: 110 pips
Sometimes a trade that is bought minutes or hours ahead of data looks whimsical but when it’s good, it’s often because it was set-up long beforehand.
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Live EUR/USD Chart
