Courses › The STT Strategy: A Proven System for Every Timeframe
Practical Example 04 GBPAUD ref 0004
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What this lesson covers
This practical example covers the pound against the Australian dollar, reference 0004, and it is included for a specific reason. The trade is one you survive by having followed the rules, which makes it more valuable than a straightforward winner. Daniel goes into the position from the beginning, showing the direction the structure indicated, the entry the rules produced and then what happened while the trade was open. The lesson makes the point that the outcome was determined before entry by the risk decisions taken, not by anything done during the trade. Working through it shows what following the method actually protects you from, and why the rules that feel restrictive on an easy trade are what keep the account intact on a difficult one.