Thursday 23rd of June

Good morning folks!

Just a quick reminder that I probably won’t be sharing a watch-list until the Monday 4th of July

I am taking next week off the charts, hopefully, I won’t even open my laptop, well, that is, if there are no trades, otherwise I may find myself active…

Similarly, I’m headed to the hospital extremely early tomorrow which will make me M.I.A.


FX Watchlist

AUD/NZD

Aussie Kiwi remains on my watchlist for a potential short play, there’s a clear area of supply, however, we are currently rejecting the ascending trendline retest, so I’m unsure if we shall see price reach the area I have

NZD/CAD

Kiwi Canadian is in quite a similar set-up, we’ve broken a (less obvious) descending trendline and are currently retesting the trendline, I’d be keen to see what price does once it reaches the area of demand tho!


A few charts I’ll keep my eyes on while on holiday (fuck, I wasn’t even planning on checking charts, but let’s be realistic…)

CAD/CHF

EUR/CHF

GBP/CAD

EUR/USD

Worth noting that I am currently holding a long position as mentioned previously

Wednesday 22nd of June

Good morning folks! I hope you are well!

Let’s dive straight into it.

(Oh and by the way, I’m taking my first week of absolute holiday next week, so expect a lot of action in the markets)

FX Watchlist

AUD/NZD

Aussie Kiwi clearly broke the ascending trendline over the last few days it’s currently rejecting an old counter zone, I was looking for an entry here, however, none of my entry styles enable me to place a long order here.

Got to stick to your trading plan folks!

That being said, we may see an opportunity to go long tomorrow (or to go short) – I’ll be interested in seeing how the price develops over the next few hours/days.

We have a strong area of supply just above the trendline, so if we saw a small push into it we could expect a strong reversal.

At the same time, the trend has been bullish for quite a while and we are still supporting price and haven’t seen a break in the structure of the trend (aside from the trendline break)

EUR/CAD

Euro Canadian Dollar has broken out of the descending trendline I have drawn in, however, it remains important to point out that price is mainly in a sideways correction at the moment and not in a clear trend change area, we’ve been going sideways in this range since May, so I’m being patient!

NZD/CAD

Kiwi Canadian broke a descending trendline and is now headed towards the area of demand, I’ll be keen to see how price reacts to it if it doesn’t bounce from the trendline retest beforehand!

NZD/JPY

Sadly I didn’t execute this trade, it took place at 3am and I didn’t expect a trade to take place on this pair, it seemed like it wanted to go higher at the time.

Looks like we’ll remain in the train station and miss the train.

A part of me will gladly admit, that I’m half tempted to place an order in case we see a pullback since the set-up was rather nice, that being said, it’s definitely not the nicest looking trendline break that we had so…

Good job to those who took it, but it’s true, it’s kinda in the middle ground for me

Take care folks!

Tuesday 21st of June

Good morning folks!

I actually do not have a single pair on watch for today, so I’m not going to waste your time!

We did however create three new zones of interest that I’ll quickly cover to give you something instead of a blank page!

EUR/CAD

We’ve broken the descending trendline I had drawn, however, if we are to be absolutely honest, we remain within the clear sideways correction. It’ll be interesting to see what happens from here, will we break higher (or at least break the previous daily high, or not?!

CHF/JPY

Swiss Yen broke the previous area of demand and closed without touching it, making it a zone I’d be keen to take a long from.

NZD/CHF

Clear breakout of the descending trendline, we are just patiently waiting to see a potential retest

Take care folks!

Monday 20th of June

Good morning folks! I hope all is well!

Let’s dive straight into the watchlist for the next few days!


FX Watchlist

AUD/NZD

Aussie Kiwi is currently breaking an ascending trendline while retesting the previous zone (that can be seen both a counter zone and as a phase line break, so I expect this area to create some movement. However, if we are able to close today without touching the trendline, we’d also be creating a new area of interest, so let’s see what happens!

EUR/JPY

Euro Yen is on my watchlist not for a 4hour trade, but more for a potential hourly entry, let’s see what happens

GBP/CAD

Pound Canadian is currently breaking a trendline, let’s see what happens here

GBP/NZD

Pound Kiwi is approaching an area of demand, let’s see where it goes

NZD/JPY

Looking to see what happens in the next couple of hours, I like the retest of trendline + the area of supply, let’s see what happens from here on

Take care folks!

Friday 17th of June

Good morning folks! I hope everyone is well!

Let’s dive straight into it since I have over 1h45 of workouts to get done before it gets too hot! (It’s expected to reach 41C tomorrow, so yes, I call that VERY HOT)

Trade Update

Gold +1.4R

As mentioned in yesterday’s post, an opportunity to take a long position on gold presented itself, so I executed it, nothing complicated, a clear break and retest of 50Ema + pivot level. the type of entries I like very much!

It reached TP later on (in the evening) which was nice, since it avoided any swap fees ๐Ÿ™‚

You may be wondering why aren’t we looking to execute another long today the reason being that the 50EMA is too far away from the pivot + I haven’t actually looked into taking several trades on a single move with this strategy. It’d be interesting tho! Something to test!

EUR/USD

I executed a long on Euro Dollar an hour or so ago, it’s a very similar set-up to what we had on gold yesterday:

  • Retest of the most recent zone (demand)
  • Break of hourly 50EMA (the retest is a tad lower tho I’ll admit)
  • Retest of daily pivot
  • Break of structure on the hourly
  • Retest of recent 1hour high

All in all, I like the set-up! Now let’s not get cocky, even tho I like the set-up doesn’t mean it will reach TP! We know that this strategy has a good strike rate, (but that I mean above 50%) but it remains probabilities.

While I like “running hot” – we need to remain aware of potential challenges!


FX Watchlist

CHF/JPY

While we have clearly broken the previous high, it remains worth keeping an eye on it in case a clear reversal opportunity presents itself, I believe it would catch a lot of people wrong-footed, so it’s definitely worth having a look and remaining aware of this chart!

I’m also kind enough to give credit to some chartist that like to use trendlines/phaseline and patterns to highlight the fact that if we have a rejection here it would align to perfection with a 3×3 (that’s what I used to call them)

NZD/JPY

Kiwi Yen is also on my watchlist, we did just break a phase line and we saw a retest on the last 4hour candle, I’d definitely want to see a bigger move into the zone to have any interest in taking a short, but as always, it’s worth keeping an eye on!

USD/CHF

Dollar Swiss saw a huge drop in value yesterday, I’d be surprised if we didn’t see a bit more follow on today, that being said, I’d expect it to reach a tad higher before reversing,

I’m looking for a trade on the hourly chart. To avoid giving you the exact entry details, I’m not sharing it, but if you have 2 beans in your brain and know how to read the “Trade Update” section I’m sure you can figure it out.

Don’t blindly follow someone tho, always test!

USOIL

Oil has clearly broken an ascending trendline, so I remain on the lookout for any potential entry opportunity to the downside!

On that note! Time for me to get ready for my workouts!

P.S. I discovered the Stanford Encyclopedia of Philosophy yesterday while looking into Democritus, and I think it’s an amazing resource if you want to have a look:


https://plato.stanford.edu/index.html

Highly recommend reading a few

Thursday 16th of June

Hope you guys are well!

I’ll admit, this is coming to you a tad later than usual, had a few guests over yesterday which meant a late bedtime ๐Ÿ™‚

Made me chuckle when I logged on to WordPress just now, yesterday’s post where I cover the 10.8R I banked only got 3 views, one of the posts that has the least amount of views (sure it’s the most recent one but still)

One day I’ll care about views maybe, but this just makes me giggle, people just want it handed to them.

Anyway


Trade Update

Gold

Gold has reached an area of demand on the daily chart, a clear trend line break occurred from that level, we’ve also broken the most recent low to grab some liquidity, however, I do not believe a trend change took place there since there was no real swing high on the way there, we had barely any displacement from there.

On the hourly, we can see a clear break of structure and a beginning of a bullish trend + break and retest of the 1h50EMA after some bullish momentum + retest of the daily pivot.

All in all, it fits great with my 1h50pivot entry type.

FX Watchlist

I actually doubt anything is going to happen in FX today – out of all the pairs I have on watch, not a single one is looking ready to give me an entry

Let’s have a brief look at the pairs I believe are close tho and then we’ll look at gold where I’ve got an order (I’m going to talk about it last since I’ve got a live order there, and waiting to see if I get triggered in) –> It happened, I got triggered into the position while writing this section

EUR/JPY

Euro Yen is approaching an area of demand (a counter-zone) that aligns rather well with an ascending trendline, all that to say, there’s some nice potential in this area

EUR/USD

Euro Dollar has been going sideways for a tad too long if you were to ask for my expert opinion ๐Ÿ˜‰ I’d be quite surprised to see it reverse from here since the double bottom formation is plaining crystal clear – I decided to highlight in a circle the most recent “perfect double bottom”

You can notice they were respected for a handful of days before breaking

GBP/NZD

Pound Kiwi is approaching an area of demand / that’s both a trend line break and a counter zone, so I expect to see some strength coming from that area

NZD/JPY

Kiwi Yen is also worth noting, it did break from the recent trend line / phase line pattern and did reject the previous area of demand, will we see a pullback before even more downside?

USD/CHF

Dollar Swiss is currently messing around with n area of supply, we saw price reject the level but it now seems willing to retest the level once more (or form a set-up I call a breaker, however, it sadly doesn’t fit in my rules due to the stop sizing)

Take care!

Wednesday 15th of June

Good morning folks!

Quite a big day / week recently and a few R closed so let’s dive into the trade updates


Trade Update

AUD/CHF +3R, +5R, +1.5R (9.5R total)

I executed a 4hour trade on Aussie Swiss the 8th of June, this trade was only executed on my personal account since my 5ers account has quite strict margin requirements – it resulted in a 3R trade. Followed my trading plan and I’m happy with it, so I decided to executed it.

https://www.tradingview.com/x/vbBOy3XF/

A scale in opportunity presented itself quickly after the initial entry, I’ll be the first to admit, I did think it would reach a loss, but it reversed and went to reach my profit target for 5R

https://www.tradingview.com/x/UlMYctHJ/

There was an additional entry on the 10th, this time, having closed other trades I had enough margin to execute this position on both my personal account and investor account. This trade entry was based on an impulsive move lower, retest of the 50EMA and pivot. This resulted with a 1.5R

https://www.tradingview.com/x/XMA7kDzy/

This last trade was closed on the 13th when the other two closed yesterday, I just wanted to do an entire recap in one go.

EUR/NZD +1.3R

Euro Kiwi also offered a trade yesterday, I’ll admit I’m rather happy I executed the trade when I did, had I connected a few minutes later I would’ve missed it.

It’s a clear impulsive move higher and slow move back to the 50EMA and pivot level

https://www.tradingview.com/x/fAdexAje/

That’s a total of 10.8R closed within a few days, felt great! But at the same time, it feels entirely normal? I expected these trades to be +EV – that’s why I executed them – but we can never complain when a trade turns out to be a winner ๐Ÿ™‚


FX Watchlist

EUR/USD

Clear area of the area of demand, let’s see how it looks like over the next few days

GBP/NZD

We haven’t yet reached the area of interest but keeping my eyes on it!

USD/CHF

Dollar Swiss has reached the area of supply so let’s see what happens over the next few days

Gold

Keeping this one very clear, let’s see what happens from here on.

Tuesday 14th of June

Good morning folks I hope you’re well!

Let’s dive straight into it since I need to go get my haircut!

Trade Update

GBP/CAD -1R

As expected yesterday this trade reached my stop target, it happens, still happy with my trade execution.

A friend recently told me

When you have a loss or a win. It feels like you do not really know what to say most of the time. And it’s normal because the setup is always the same. So win or loss, you write the same thing haha

Romain

This is very true, I followed my trading plan, that’s exactly what I need to keep doing.

EUR/NZD Long

I executed an hourly long position this morning, we saw a clear break above a trendline – a retest of the area of demand it created, and now a 50EMA retest that fits with the pivot


FX Watchlist

EUR/USD

We’ve reached the area of demand, so let’s see what happens from here

USD/CHF

XAU/USD

Monday 13th of June

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

Got the opportunity to go scuba diving and get a lot of exercises done, so rather happy about it!

Anyway!


Trade Update

GBP/CAD -1R

My scale in position on Pound Canadian on Friday did get executed according to my plan, however, it sadly never had the time to reach my profit target, instead, it basically went straight to my stop loss. It happens. Not something I’m really excited about but, nothing I can do to change it.

I remain in the original position, it’s in quite a serious drawdown, so I wouldn’t be surprised to see it turn into a loss today, that being said, there’s no reason to close a trade now, I know one trade that reverses out of 7 will make holding this +EV, so I might as well keep holding the position


FX Watchlist

EUR/NZD

Euro Kiwi reached the area of interest it recently created, so I’m keeping my eyes on it, hoping we’ll see a push lower to grab liquidity below the previous low – let’s be patient and wait.

EUR/USD

Euro Dollar is on my watchlist, there’s quite an interesting area of supply below the current price level, I’m expecting the price to drop to this level before either going lower or reversing, let’s see what happens!

GBP/JPY

Pound Swiss is on my watch for a potential hourly position, there’s quite an interesting area for a 1hour position, I won’t be sharing the exact order details, so here’s a 4hour chart

NZD/USD

Kiwi DOllar is on my watch for a potential reversal, I look forward to seeing this potential long play out for a position. While there’s no higher-timeframe support, I’m happy with that lack anyway, it happens.

Take care folks!

Friday 10th of June

Good morning folks! I hope you’re doing well!

Trade Update

EUR/AUD -1R

We took a loss yesterday on EUR/AUD, while I’m very happy I executed the trade according to my plan, it appears it was a loss. Nothing to do with the strategy, I know there are losses to be expected.


FX Watchlist

AUD/CHF

Aussie Swiss is on my watchlist for a second scale in, let’s see what happens! I’m only sharing the daily chart to avoid giving you the exact location of my order

GBP/CAD

I remain in my long position in Pound Canadian, so I’ll only share the daily chart to avoid showing you the exact levels

CAD/CHF

Canadian Swiss is showing a potential opportunity for a short, it’s based on the hourly timeframe, but it appears less likely to happen than AUD/CHF or GBP/CAD

That’s it for today on my side!