Morning everyone! Exciting day ahead of us, we’ve got two currency pairs that have reached their zones – so I’ll definitely be keeping an eye out for those two bad boys.
Started forward testing a scalping strategy yesterday, I’m really excited to see what results it’ll show. One thing is for sure, I’m not used to having to stare at my screen for so long 🙂
Daily Watchlist
EUR/AUD
We’re in the supply and demand zone!!! I’ve been waiting on it for quite a while now I’ll admit, but here we are.
It’s a fresh counter zone, that has a weekly stack.
I’ll be waiting for a reversal signal to show itself and if it’s there, I’ll take it with no hesitation. If no signal is given, I’ll stay on hands!
https://www.tradingview.com/x/YtfBFiQu/
AUD/CHF
I remember explaining why this area of supply doesn’t really exist according to my rules. That being said, it’s just so damn obvious to me that this is an area of supply it will be hard to ignore it.
If an entry presents itself, I’ll be willing to take the trades. As a trader I believe there are three levels:
1- Need to build a build and learn rules
2- Need to apply said rules
3- Need to know when to ignore those rules and when to follow them
I hope I’m in the third basket, but this set-up makes a lot of sense to me, so I’ll wait and see if there’s a reversal area I’m interested in
https://www.tradingview.com/x/hYmbLwHI/
Book wise…
I’ve quickly read Red Rising 2, I got kinda bored of Montaigne so I jumped on something different, but I’ll be reading Montaigne today don’t you worry 🙂
There’s a few quotes I quite enjoyed from Red Rising 2:
A fool pull leaves. A brute chops the trunk. A sage digs the roots
I’ve come to understand why all this spectacle exists. Why all these speeches and momuments. Tradition is the crown of the tyrant.
I can’t carry it for you, but I can carry you
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