Before I start I just want to clarify DHT stands for "Dick Head Trade". I'm sure you can now tell the direction in which this post is heading...
On doing my weekly prep I found GBPAUD to be in MOTR S (strong selling), experiencing a deep pullback to W1 supply and had printed a smallish pin (my least favourite) which I choose to sell, all technically sound.
However I hadn't checked the data for the week and so ended up buying AUD about 2 hours before an RBA interest announcement, hence "Dick Head".
P/L: R-1.0 Exe: 1 Per:1
On doing my weekly prep I found GBPAUD to be in MOTR S (strong selling), experiencing a deep pullback to W1 supply and had printed a smallish pin (my least favourite) which I choose to sell, all technically sound.
However I hadn't checked the data for the week and so ended up buying AUD about 2 hours before an RBA interest announcement, hence "Dick Head".
P/L: R-1.0 Exe: 1 Per:1
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