Tuesday 1st of September 2020

Happy new month all! Let’s start it the proper way and talk about our watchlist. I didn’t post a watch list yesterday since I was out trying to run (I managed!!) a half marathon, so didn’t have much time left that morning

Let’s hope this month gives us loads of opportunities to make some decent returns!

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AUD/USD

I’m rather liking this zone I’ll be the first to admit, yesterday the price didn’t reach high enough to have a clear higher timeframe stack, however we now have it, the price reached the monthly imbalance

The zone is rather nice, it’s not the strongest but it remains a clear one, however I do not want the price to move a lot further, I’m fine if the price breaks the imbalance zone since the selling zone is always a bit bigger but…

https://www.tradingview.com/x/pYK9U0YQ/

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NZD/USD

I rather like it, the zone was rather clear and obvious in July 2019, so I’m assuming a fair amount of people will be eying it up too, which is always a good thing, the more institutions are looking to short, the better, well as long as people are still hitting our offers 🙂

NZD/USD is a rather strange one tho, since we had 3 zones yesterday, we broke one yesterday that’s why I’m not showing it, but we may keep heading higher to go and reach the last one before the reversal

https://www.tradingview.com/x/3dYbIcTW/

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GBP/JPY

And the third but not last, GBP/JPY, I’ll be eying it up for a potential short once it reaches the zone, there’s no weekly stack, however, there’s a nice monthly imbalance so I’ll definitely be looking for it

The selling zone is a counter zone, the only drawback is that it’s rather far from the zone it broke to the downside but… Will definitely be worth keeping an eye on it!

https://www.tradingview.com/x/erR49VOD/

And that’s it for me watch wise (for today that is)

Book wise…

I’m still enjoying Walden and The duty of Civil Disobedience by Henry Thoreau

It’s definitely less of a page turner the more you move into it, the idea is fantastic, it makes me want to live simply and build my own house next to a pond, but at the same time… I’d miss trading 🙂

Tweet wise…. Here’s my favorite of the day

"In the end, you win through superior craftsmanship, not marketing." Robert Greene

— Ryan Holiday (@RyanHoliday) August 31, 2020

The key point being, “In the end” both Robert Greene and Ryan Holiday know they can make easy money marketing a shitty product, but it wouldn’t make them win – in the end.

Make sure whatever you do has the end in mind!