To remain entirely transparent, I took a scale in GBP/NZD yesterday based on the 1hour chart pattern.
I’ve explained it in my previous 2 daily watchlists, so I hope you’ll forgive me for not explaining why in too much detail. But to recap:
I had an original 4h reversal entry, that entry had a higher timeframe stack and fulfilled every single criteria of mine. (I am still holding this position)
On this additional position, we observed a clear break of the 1h 50EMA as well as the wedge pattern it had started to created, followed by a retest of the 0.382FIB (When the 0.382 fib is above the EMA I use it as a criteria entry, if it’s not that’s okay, I will still take the trade)
My position is now at BE and I won’t touch it until it reaches my profit target or breakeven level
Now onto why you’re here, or at least I hope you are (or is it for the daily tweet?)
AUD/JPY will be the first FX pair on my watchlist, the reason I like it is the counterzone we have.
The counterzone is at this level since it’s the last imbalance before the break of the previous zone (I do not count imbalances that touch a zone as valid)
There is a weekly stack, that is why I’ve extended the zone to the left, I adjusted it to the weekly imbalance
USD/JPY is the second (and last) new pair I have on my watch for today
I’ll be the first to admit, it’s not the prettiest zone, the DXY looks quite bullish, and the higher timeframe isn’t the prettiest.
There’s no weekly stack, however we can draw a monthly stack, that being said, the monthly isn’t the prettiest, the PA has broken the monthly zone quite a few times, however in all three occurrences it was only a fakeout, so… Will keep my eye on it.
Eheh, once again, I mention my Pound Kiwi trade, nothing new, I’ll just be looking for a potential 4hour scale in as mentioned in my previous watchlist
Just waiting for the price to clearly break above the 50EMA for at least 8hours before placing my order.
Something like this:
I’ve finished reading, “the Way of the Kings” by Bryan Sanderson, it was my “chill” book a fiction, however there’s a few nuggets about leadership in it so I did enjoy it
Here’s a few quotes I took form this book:
Expectations were like fine pottery. The harder you held them, the more likely they were to crack.
“Well, I myself find that respect is like manure. Use it where needed, and growth will flourish. Spread it on too thick, and things just start to smell.”
“Too many of us,” she said, “take great pains with what we ingest through our mouths, and far less with what we partake of through our ears and eyes. Wouldn’t you say?”
Man’s emotions are what define him, and control is the hallmark of true strength.
To lack feeling is to be dead,
But to act on every feeling is to be a child.”
I declare that no accomplishment has substance
nearly as great as the road used to achieve it. We are not creatures of destinations. It is the journey that shapes us.
I’ve just bought the autobiography of Malcom X on my kindle, and bought the physical version of Meditations (Marcus Aurelius) and Discourses (Epictetus).
These last two books are books I want to have with me wherever I go, already have them on my kindle but… Wanted to have a physical version
Tweet wise…. Here’s my favourite of the day
It may be my tweet, but I’m quote Ryan Holiday newsletter! You should sign up to his!