FX.co ★ Konnect2fx | GBP/USD

I find myself observing that the price is currently flat in the premarket, matching Friday’s close, but I am acutely aware that there is still over an hour until the opening bell. I remind myself that anything can happen in this volatile environment, and I must stay vigilant. I am telling myself not to attribute potential mistakes to mere old age, but rather to own my actions fully. I believe I must simply admit when I have screwed up, friend, and recognize that nothing truly terrible has happened as a result. I am formulating my trading plan based on the analysis that the broader trend appears short, and I intend to begin attempting to catch sell signals starting tomorrow

For my immediate strategy, I need the price to surge into the 1.1650 area to create an optimal setup for my envisioned trade. I am hoping to see a subsequent 40-point pullback from that level, which would ideally confirm a shift in momentum. I am planning for a downward trend to follow, and I will enter with my trades, using a normal volume lot size. I will be meticulously dividing my position into four separate trades to manage my risk and scale into the move. I am conscious, however, that these detailed scenarios are often just wishes and market fantasies playing out in my mind. I recognize that I need to break these bad habits of over-planning against an unpredictable market, yet I also feel that without these mental exercises, I would have little to analyze or write about. I recall a young lady on the trading forum who would write only one or two succinct sentences, and I admired that she was a superb trader, handling five lots of a single currency pair with stark efficiency. I remember her mentioning she did not even use a cent account, which I found profoundly impressive and intimidating. In short, I am confronted with the reality that I must rely on my own resilient, cockroach-like survival instincts—those ingrained, often stubborn habits and intuitions that have kept me in the game through countless market cycles. I understand that this self-reliance is both my greatest weakness and my only true strength, as I navigate the tension between disciplined planning and the chaotic, living reality of the charts. I am sitting here, before the screen, waiting for the story to unfold, knowing my plans are merely a script for a play that the market may never decide to perform.