Monday 5th of Septembre

Good morning folks! I hope you’re all well and had a wonderful weekend

I’m currently having fun with a new lower timeframe strategy – using it live at the moment to see how things go from now on rather than purely backtesting, it’s the issue of trading on the 2min timeframe, the backtest data doesn’t go insanely far behind

Anyway, here are the few updates


Trade Update

USD/SGD -1R

We took a loss here, I’m not overly surprised since we formed a clear double top, however, I believe it still worked with my plan

NZD/JPY

Kiwi Yen also resulted as a loss – this range was definitely a clear issue, there was the option to adjust my TP but since I never focused on doing something like that…

Turns out, I should’ve taken the summer and gone camping I think… Would’ve been cheaper than trading


FX Watchlist

AUD/NZD

CAD/JPY

EUR/AUD

EUR/JPY

OIL

Clear potential entry on Friday – I’m happy to stay out tho, since I always struggle with position sizes on oil

Thursday 1st of September

Good morning folks! I hope everyone is well!

I’m writing this while totally exhausted, I just completed a 1.5mile run in 10min42 which is my personal record, (yes some of you can definitely go a lot faster than poor old me). I’m really happy with it, not because of the time, but because I literally gave it everything, I only managed to walk 50m before having to lie down on the ground (in the rain). Being able to push to my absolute limit feels good, it’s also a rather strong improvement to my past times, which shows all the consistent work I’ve been putting into my exercise routine is paying off!

Anyway, not here for these stories Max!


Trade Update

USD/SGD -1R

Sadly I come with the news that my USD/SGD scale in resulted in a loss, my main position remains live, however, it’s currently rather deep in the red territory, so we’ll have to see what happens.

It isn’t worthwhile for me to close this position.

Overall, even while taking in account this loss, I’m happy I executed this trade -it fits my plan so there’s nothing else I should’ve done!

With that said, let’s dive into my watchlist


FX Watchlist

EUR/JPY

Euro Yen is currently breaking out of the descending trendline, if we get a clear set-up today or tomorrow I’ll be inclined to execute it, however, if we close today or tomorrow without touching the TL, then I won’t be looking for a short next week, instead I’ll swap my bias to being long

NZD/CAD

Kiwi Canadian remains a clear potential entry for me, a tad far for an entry, so let’s see what happens tomorrow

USD/JPY

Clear daily level, we’ve recently broken the high – which probably enabled us to grab some of the liquidity

USOIL

Worth keeping in check for this level

Gold

(Quite a similar set-up to USD/JPY and a strong correlation)

Take care folks!

Wednesday 31st of August

Good morning folks!

I hope everyone is well!

I’ve been working to develop a scalping strategy so I’ve been working on that recently, I’ve decided to start using it in the market today and pulled 1.6R (with less R than usual due to forward testing)

Anyway, you’re not here about that, or at least, I’m not planning on sharing this strategy publicly


CAD/JPY

We’re approaching the previous high, so I’m just patiently waiting at this area for now

EUR/JPY

Euro Yen is also looking quite decent for a short if we break this trendline, that being said, we’re at a trendline, so if we break this level we’ll be able to create a new zone lower in which case the likelihood of me executing a short will be a lot lower

NZD/CHF

USD/JPY

We remain within the area of demand, we’ve seen a rather sideways price action so far, but let’s see what happens

USOIL

UKOIL

XAU/USD

Take care folks!

Tuesday 30th of August

Good morning folks, I hope everyone is well!

I executed two live trades yesterday on USD/SGD so let’s dive into the trade updates before looking into the watchlist

Trade Update

USD/SGD

We reached a daily area of reversal which had a great weekly chart as well, which made me rather happy to execute this set-up on the higher timeframe

On the four-hour chart, we witnessed a clear double top pattern and a clear reversal candle on this time frame

Let’s see what happens from here!

On the hourly chart I saw an opportunity to scale in, so I was happy to place an order

NZD/JPY

You may also remember that I am currently in a NZD/JPY short position, I figured I’d talk about it since I’ve been holding it for a long time and don’t want to surprise you with a result (you can check the 16th or 17th for the trade announcement)

We’ve been dealing in a range for quite a while now on the hourly, but also the daily chart

On the hourly time frame, I’m quite happy to see a breakout of this range, we saw perfect equal tops so a lot of stops were above that range, I wouldn’t be overly surprised if we saw price reverse and head lower from this level

That being said, we could also witness price head higher and reach the upper range limit on the daily chart. There’s no guarantees


Watchlist

CAD/CHF

We kinda spiked the area of interest, but it remains in my watchlist

CAD/JPY

Clear area of interest with a strong compression in the price action

USD/JPY

Clear area, however we didn’t really have a great entry signal so I remained outside of the position for now, doesn’t mean I won’t find an entry

Gold

That’s it for today folks! Take care!

Monday 29th of August

Good morning folks! I hope everyone is well!

Just realized I forgot to publish this, and I’ve got two calls scheduled before lunch, so hoping to get this done in between these calls, will be brief!

FX Watchlist

CAD/CHF

USD/SGD

USD/JPY

USOIL

UKOIL

Copper

I had it on watch for Friday, wanted to execute it, then realized my brokers don’t allow me to trade copper… RIP…

XAU/USD (Gold)

Friday 26th of August

Good morning/afternoon folks!

I hope you’re all well, this is coming late since nothing really changed and I doubt I’ll be executing any trades today

The only potential ones (and I mean, they are unlikely to play out but… Are following

Watchlist

NZD/CAD

NZD/CHF

USOIL

COPPER

This one is the only one that has a potential for a trade entry today

Take care and enjoy your weekend folks!

Thursday 25th of August

Good morning folks! I hope everyone is well!

Just wanted to highlight the high value Brian Lee shares on twitter, he now has a “super follower” function where he shares even more details & holds office hours answering questions
https://twitter.com/BrianLeeTrades

Anyway, with that done,

FX Watchlist

USD/SGD

I will be looking to execute a short here tomorrow if the pivot and 50EMA aligns. Sadly the order I had in the market yesterday was 3pips away from being triggered, the sadness of being over precise

NZD/CAD

Clear breakout – I’m interested to see if we get a pullback to the area & trend line

NZD/CHF

Clear breakout, however we’ve only seen a bounce form a double bottom, I expect a decent amount of stops below those relative equal lows, so I’m keen to see a potential short

USD/JPY

Clear zone, will be interested to see what happens here

Copper

Clear counter zone, with a nice weekly stack, a lot of sideways price action, so hoping to see a real push higher before a reversal to grab some liquidity

AUD/USD

CAD/CHF

NZD/USD

USOIL

There we go!

Wednesday 24th of August

Good morning folks, I hope you’re well!

Let’s dive straight into the watchlist


EUR/AUD

Euro Aussi is on my watchlist for a potential retracement here, we’ve broken the recent lows but it remains valid as long as it doesn’t go too far away. Let’s see what happens!

NZD/CAD

I’m personally hoping to see the Kiwi value plunge before testing this zone I have to admit, mainly due to my NZD/JPY short, but if it pullsback to the area of supply, I’ll be looking to execute a short entry here as well

USD/JPY

Dollar Yen is on watch, however it seems like price is either correcting or retracing, will be interesting to see what happens with teh DXY (it’s currently in a zone)

NZD/CHF

I’m mentioning this pair because we have broken a clear phase line, however, it remains likely that we are still within a ranging area, so let’s see what we get

USD/SGD

Dollar Singapore has reached an area of interest to me, I’m waiting to see if we’ll get anything that fits my bias for a short, only time will tell

Copper and Gold also remain on my watchlist

Take care folks!

Tuesday 23rd of August

Good morning folks! I hope everyone is well!

In case you missed it, 1 EURO IS WORTH LESS THAN 1USD

Crazy I tell ya

Anyway


Watchlist

EUR/AUD

Euro Aussie is now within an area of demand, the main issue here is the fact that EUR/USD broke parity, so I wouldn’t be surprised to see a reversal here

NZD/CAD

Kiwi Canadian has broken the ascending TL so we have a brand new zone here

USD/JPY

Dollar Yen is interesting:

It looks like there may be a potential reversal here

USD/SGD

Dollar Singapore looks bearish as well

It’s rather interesting, we have two USD pairs that are close / in areas of reversal but EUR/USD is breaking lows…

It’s wonderful, so many possibilities