Starting to believe that sharing my trades publicly just brings bad karma…
Trade Update -1R
Took the scale in when it presented itself and was tagged out for -1R, I remain in the original position however the price is close to my stop loss, so whatever happens, is outside of my area of control.
Good morning folks! I hope you’re well and enjoyed your weekend!
Decided to start digging deeper into the poker world this week, so got started on a course.
Anyway, this isn’t for poker (yet!)
I entered AUD/CHF this am, a bit late due to the fact I woke up for the 7am close, but that only provided me a better entry so all is well. I am only in the 4hour entry, I was 1 pip away from the entry on the 1hour scale in
I’ll admit, I am not loving the quantity of time we’ve spent going sideways, but I keep it on my watchlist anyway!
Looking for price to reach the small dotted line on the daily chart before taking an entry, while I do see a potentially monthly stack at this current level, I would strongly prefer to see the price reach lower before taking my positions
Keeping my eyes out on this one, the daily area remains very clear for me
Keeping in mind the seasonality of gold:
I shall be looking to enter a long position whenever we get an opportunity to do so.
That being said, we may see the price the area of supply before reversing, but only time willtell!
As mentioned yesterday – I was close to getting tagged out, and I ended up being taken out. Happy with the trade. It’s worth noting how the price acted before giving us an entry tho!
Aussie Dollar has reached a rather interesting key level – the previous area of supply where we saw a trend change. It’s not the prettiest zone since there’s no clear trend that started from there, only a few runs with no real pullbacks.
Dollar Singapore looks interesting to me, we are approaching a clear area – the higher time frame isn’t the “prettiest” but we’ll see
That’s all I have, for now, however, I do want to mention the DXY since that will be key for the next few moves.
The upper chart is the monthly, lower chart is weekly
Before we dive into my watchlist, I have to update you – I took EUR/USD long yesterday after publishing the watchlist
I took EUR/USD yesterday, looking back at it, it remains quite a slanted price action leading to an entry which is something I kinda dislike however the weekly timeframe is gorgeous, the daily chart was pretty as well, we reached previous lows to get fresh orders.
All in all, I’m happy with it
There’s a clear area of demand – Let’s see what happens when we reach it
Euro Pound is approaching another area of demand
Clear area of demand, let’s see what happens
Dollar Swiss is looking for a potential area of supply, I quite like it
Euro Dollar remains similar as to what it looked like yesterday, we even pushed a little lower to attract more orders potentially? We noticed a small sell-off when Powell was confirmed once again, but nothing huge. I may have an entry in a couple of hours
Exact same as yesterday so I won’t develop it
While I’d still prefer to see a move lower and then a long opportunity, we may actually get a short opportunity beforehand. Let’s remain patient and execute on whatever the market gives us
Good morning folks! I hope you had an amazing weekend! I honestly just chilled and it felt great 🙂
Respect to those who put the work in, but also respect to those who decided they needed a break, knowing when to rest is important!
Anyway, with that said,
I am looking for a long opportunity, we’ve just reached a lovely weekly area as well as a daily level so all in all, I am all eyes on this one as you can probably imagine!
That being said, the four hour is forming an M formation as I like to call them so I’m still happy to take it, but I hope it doesn’t spend too much time going sideways because if it does, I’ll take it off my watchlist!
Decided to only show the daily chart, the four hour is kinda meaningless since we remain quite far away from the zone. However, I do like this set-up so I am keeping my eyes on these areas.
The weekly comes from a double bottom, so the weekly isn’t fresh but that’s not an issue for me
I am expecting a move to the downside before a move higher for a potential long trade (no weekly stack, only a monthly), that being said, I wouldn’t be against seeing a move higher for a potential short, while the area of supply doesn’t have a perfect stack, we do have a stack slightly above, so let’s be patient and see what happens
Pound Aussie recently broke out of a bearish trend, a lot of demand was pushed into the market so it’ll be interesting to see if we retest that area before a strong move higher. We do have a gorgeous weekly stack so yep, waiting on this one to play out
That’s more or less it for the next couple of days
I’m hesitant on EUR/JPY – you could count the zone as fresh or as an old zone, there’s also another zone just below.
I personally would quite like to see the price reach the zone below since this area has already acted has an area of demand, it’d be interesting to grab some liquidity below it before seeing a reversal
However, I am unsure of how to position myself here
I do not have a single pair on my watchlist today I’m sorry to disappoint! Markets are being quite slow recently.
I am therefore taking the time to collect more data for my backtest on all the pairs, I’m starting a fresh again to see if there are opportunities to improve my strategy / improve my dataset and meep improving my skill.
Have a great one folks.
Already done 2006 to 2019 on AUD/CAD, it’s strangely taking a lot longer than just doing 4/5 years of data 🙂