Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GBPCAD sell trade update - 5 June 2024 #trading #forextrading #investing

5 Jun 2024 · 1 min

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In this brief video, Vladimir Ribakov of Home Trader Club provides a post‑trade analysis of a GBP/CAD short position he previously recommended. He explains that the original trade was based on a 4‑hour chart showing a clear bearish structure—three consecutive lower highs and lower lows—supporting a “sell the rallies” approach as long as a key resistance level held. He then emphasizes a core risk‑management mantra: traders should not become attached to a single analysis and must be prepared to cut losses if the market moves against them. The resistance failed, and a corrective move culminated in a bullish divergence on the MACD histogram, which signaled a breakout and forced the abandonment of the short bias. Ribakov stresses the importance of accepting the loss and moving on, framing it as a normal part of disciplined trading.

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Hello traders, Vladimir here from Home Trader Club. Here is an update on the pound CAD sell trade we discussed recently. So we were after the sell. We spotted 4-hour chart bearish price action, 3 lower highs, lower lows, and the logic here: sell the rallies. And as long as this resistance holds, the plan was exactly as is— sell the rallies. However, remember Do not marry your analysis. Do not marry your trading plan. If the market doesn't follow, cut out. Accept a loss. It's part of trading, and you have to live peacefully with it. As you can see, the resistance we spotted before did not hold, and the corrective movement we've had on the four-hour chart finished with a bullish divergence on the MACD histogram makes the breakout. Finishing the sell view, accepting the loss, is crucial.