Hope you all had a fantastic weekend, only a few more day before the end of Q3, so let’s go build the right foundations for an amazing Q4.
Wrote a small blog post about going all in – moving back to your parents (if that’s an option to you), quitting your job and just going all in as a FX trader: https://bullishoncoffee.com/2020/09/27/if-you-want-to-succeed-go-all-in/
Would love to hear your thoughts on that topic!
But now onto the important stuff 🙂
Daily Watchlist
AUD/USD
Aussie / USD is still on watch from last week, we’ll see what happens with it, I do want to see it reach the weekly stack before taking a trade.
As you can see on this screenshot, the zone I’m interested in begins at 0.6995 when we adjust it to the weekly stack.
https://www.tradingview.com/x/I2AFxuMX/
CHF/JPY
Yep, still on watch from last week :), I do like this trade tho, we are starting to reach the demand area so we’ll see what happens to it. I tend to think that this is a good counter zone so I’ll be happy to take a position on it.
There’s a weekly stack so that’s also good.
The main issue I have with this current price action is that it’s very much slanted to the downside, it’s not very impulsive.
https://www.tradingview.com/x/ccXUqKbh/
EUR/AUD & GBP/AUD
I’m going to regroup these two here, both of them are getting close to a counter zone and therefore will reach supply so I’ll be looking to short both of these.
There’s a weekly stack on both of those charts, I had to adjust slighty the zone I had on GBP/AUD to make it fit with the weekly stack, but all in all I’m happy
https://www.tradingview.com/x/KhgNMAty/
I’m definitely not used to having two different pairs on my screen both on the daily. But as you can see they’re quite similar hence why I’ve grouped them together
And that’s it for today! I have a few more pairs on watch for the rest of the week, but I’ll keep you updated as the time comes along!
Book wise…
I’m going through my physical version of meditations at the moment to be able to take notes and refresh my memory.
Also took my Sunday off to read the new Mitch Rapp book, an American assassin, was a fun read, I like that book series, makes me turn my brain off while reading it
Pretty sure Lives of the Stoics from Ryan Holiday comes out tomorrow – really looking forward to it, the three chapters that came along if you pre-ordered were good so yep, I’m excited!
“When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love”
Tweet wise…. Here’s my favourite of the day
Bullish on Coffee - a Forex Trader Blog 