Tag: fx watchlist

Posted on

Wednesday 22nd of December

Good morning folks, I hope you’re well!

I remain long in my AUD/JPY positions (my two positions) as well as my SOLUSD & SOLBTC.

Anyway, let’s have a look at my watchlist since I have no closed trades to mention.

FX Watchlist

AUD/CAD

Aussie Canadian remains on my watchlist, we’re approaching towards the area of supply, let’s see if it reaches it. We’ll have a clear weekly stack once we reach that level so it’s worth keeping our eyes on.

That being said, it remains quite far away

EUR/CHF

I’m mentioning Euro Swiss since I’m not sure when I’ll be taking a break so it’s worth mentioning, We may see a breakout of this descending trend (it’s currently ranging) so let’s be patient, I’d like to see two more bullish days.

EUR/USD

Just a quick sneak peek of E/U but let’s wait to see where the price goes, the demand zone isn’t valid yet until we’ve broken and clearly moved away from the phase line

GBP/JPY

Waiting for an additional bullish day closing above the descending trend line

USD/JPY

Slowly grinding back higher to the area of supply. Let’s see what happens once we reach it

Crypto watchlist

BTC

We’ve reached the more recent range highs, that being said, I wouldn’t be surprised to see a leg higher to the recent high / 2D FVG.

We’ve just broken out of the descending channel, but let’s see how things go, we could see a pullback to the upper descending channel / the EQ of the smaller range

I’m keeping my options open as you can see, I can see both a long and a short play. Let’s wait for a signal and execute it.

ETH

This is looking a bit better, we’ve made a higher low, let’s see if we clearly break higher and start a bullish trend again. We’ve broken above the 4k wall which is good. I remain quite hesitant with this map.

SOL

Solana remains in the range, if we break above the equal highs and have a clear correction there I’ll be looking to add to my long position.

Once again, I entered into this trade to early, but quite happy with it.

That being said it’s interesting to note, we’re approaching the range high, so we could see another leg lower to get more liquidity. My stop is at BE.

ATOM

Worth looking into this chart, if we break this recent high the 4hour trend will be turning bullish, let’s see what happens. We’re bouncing from an area of demand on the daily chart which is great.

Let’s wait for a confirmation on the 4hour before looking for a long trade.

DOT

We’ve reached the previous lows (a wick reached lower but I think the supply was found at this level.

The 4hour trend is breaking higher (we’ve just broken the previous high), so I’ll be looking for a position to take a long here.

At the moment I’m interested to enter a long around 25, please note this isn’t a trade I’m in.

SNX

Worth keeping an eye out on this, it’s been a long time that we’ve been in a bearish market.

We’ve reached a clear weekly area of demand, so let’s see what happens here.

Anyway, those are the main charts I’m looking at.

Enjoy!

Posted on

Monday 29th of November

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!)

Trade Update

AUD/CHF Long

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

FX Watchlist

AUD/USD

I’ll admit, I am not loving the quantity of time we’ve spent going sideways, but I keep it on my watchlist anyway!

CAD/JPY

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

USD/SGD

Keeping my eyes out on this one, the daily area remains very clear for me

Gold

Keeping in mind the seasonality of gold:

Gold and Silver Seasonality - ready for a seasonal pop?

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!

Posted on

Friday 2nd of July

Good morning folks! Sorry for the delay!

But I’ve arrived in Tarifa! Got here around 11pm last night, my friend luggage got lost on the way so that was annoying.

Got to our hostel to discover they had a positive COVID case which meant we’d need to spent the night somewhere else, which was a fun thing to do at 11pm after 2hour drive in a rental car 🙂

No clue where we’re staying tonight but hey, life is short and can end abruptly, so might as well take whatever comes to you with a smile while you can!

Oh and co-working space appear to only open at 9am, so do coffee shops here so…. Yep, seems like I’ll be publishing my watch later than usual ahah

Anyway, enough talk, let’s have a look at what’s on my watchlist.

FX Watchlist

AUD/CHF

I’m mentioning Aussie Swiss only for those that are very aggressive, I personally didn’t take the trade (not only because I was asleep after a non stop battle with mosquitoes) because this zone was created by the break of a phase line, the trendline hasn’t broken yet.

However, if you’re a lot more aggressive than I then there was a valid script entry earlier on.

EUR/NZD

Euro Kiwi is quite similar to AUD/CHF since there’s a clear phase line that was broken, however the trendline isn’t broken yet.

That being said, it’s a lot cleaner than AUD/CHF in my books, so I will be looking to take a potential short if we reach the area of supply and form a valid entry!

GBP/AUD

While Pound Aussie has been on my watchlist every single day of the week it hasn’t reached the weekly stack hence I’m still waiting on the sidelines to see what happens! Not too worried if we don’t get an entry, however if the price moves higher to reach our area of supply that has a higher timeframe stack I’ll be executing the short.

I’ve adjusted the area of supply to reduce the temptation 🙂

Fuck feels good to be out of my rut, to be in a coworking space, to be speaking Spanish even tho I’ve got nearly no sleep whatsoever under my belt!

USD/JPY

Shout out to Max Nieveld for making me notice UJ, I had entirely forgotten about this pair since I cleaned up my charts

We are within an area of supply, with a higher time frame stack so all in all, just waiting for a potential reversal!

(Oh and Max is the founder of New Capital – would recommend checking out his course and his content, must be one of the youngest hedge fund managers out there!)

Posted on

Monday 21st of June

Good morning folks, I hope you had a lovely weekend, spent mine in the south of France next to Saint Tropez (well, I’m still there at the moment) really enjoying life!

Going to keep this watch short since I don’t have anything interesting for today and I want to get out for a run before it gets too hot!

FX Watchlist

GBP/JPY

Pound Yen has reached an are of demand so let’s keep our eyes peeled on it, there’s some potential for a reversal set-up!

While we do not have a weekly stack with this zone we have a monthly stack, so we’re good on that side of things!

That’s the only pair I have on my watch for today, let’s see what happens 🙂 I’ll go back over my watchlist in a couple of hours to see if I’m missing something

Posted on

Monday 14th of June

Good morning folks! I hope you’re well and had a lovely weekend! Was scorching hot over here so I actually did my best to stay in the shade, was a nice surprise!

Let’s get you up to speed.

Trade Update

NZD/CHF – 1R

Sadly I have to announce that my NZD/CHF long position has resulted in a loss, I’m happy I executed the trade, it fits my trading plan, just a bit sad I took an L on all three positions I took (including the 1h scale in I didn’t share with you).

However, it’s part of this world, we’ll take losses, we’ll be in drawdowns at one point or another and that’s fine, it’s to be expected. If there wasn’t any variance trading wouldn’t be as profitable as it is.

That’s the end result.

It did however create an area of supply for a potential short some time this week so let’s keep our eyes on it 🙂

FX Watchlist

Nothing is really on watch for today, it’s more a question of being patient and waiting for things to develop and reach areas of interest.

While these times can be less fun, it’s important not to rush your hands!

So here’s a list of pairs I’m looking at over the week.

CAD/CHF

CAD/JPY

EUR/GBP

EUR/NZD

EUR/USD

GBP/JPY

NZD/CHF

NZD/JPY

USD/CHF

If you want to compare your charts feel free to leave a comment with your charts – I do my best to answer the rare comments 🙂

Would be a fun exercise where everyone could improve!

Have a great one folks.

Posted on

Tuesday 25th of May

Good morning folks! I hope you’re well!

Let’s dive straight into the watch? After all that’s the important stuff, well you could be here only for my daily “good morning folks” but hey, what do I know.

FX Watchlist

EUR/USD

The first pair on watch Euro dollar, we are currently breaking out of the zone we have drawn but we have another one slightly above it that we could reach within the day, it’ll be interesting to see if we get a valid entry there this week.

This set-up as a gorgeous weekly as well as an extremely clear daily set-up.

NZD/JPY

Kiwi Yen is also worth mentioning – as mentioned yesterday we’ve created a new zone due to the break of the trend line – we are now in a position of retesting that area of supply, let’s see if it gets reached and if we are provided with a valid entry.

I have adjusted the size of the area so that it fits with the weekly stack, we still have quite a few pips for the price to reach it.

USD/CAD

While Dollar Canadian has been in a bearish trend for so long, we are approaching an area of interest, the zone dates back to 2015, long time no see eh!

It is rather interesting knowing that WTI Crude Oil is currently in an area of supply, I don’t trade it, however if it was an FX pair it would be at the top of my watchlist.

Knowing that – and the correlation between it and USD/CAD it’s worth noting we may get a good opportunity for a long on U/C this week! Time will tell!

USD/CHF

Dollar Swiss is approaching a counter zone – let’s see what happens when it does reach it, it does have a nice weekly stack so we’ll be sure to execute on it 🙂

That’s it for today, have a lovely one folks!

Posted on

Wednesday 5th of May

Good morning folks! I hope you’re well 🙂

Rather busy days to be honest. Took another trade so let’s dive into it.

Trade Update.

NZD/JPY gave us an entry over night, it’s valid, it’s a clear break and retest of the 4hour 50EMA – that being said, it did reject the ascending phase line which makes me feel a bit more hesitant.

I personally decided to take the position due to how clear the daily and clear 4hour ascending channel – it’s a risk, we’ve seen a rejection so we could actually have a move higher rather than a drop.

Time will tell.

Daily Watchlist

GBP/JPY

Pound Yen is on my watch, but once again it needs to go a little higher for me to be interested, I want it to reach the previous highs.

That being said, I’d be more than happy to see the Yen gain a lot of strength and have NZD/JPY & EUR/JPY drop strangely enough 🙂

We don’t have a weekly stack on this one, we do however have a monthly stack so I’m happy with that 🙂

CAD/CHF

Canadian Swiss is still on my watch don’t worry, I just wanted to trick you guys by starting with the Pound pair 🙂

It’s still going to take a while before the zone is reached I believe, so let’s just be patient 🙂

That’s it for today 🙂

Posted on

Tuesday 4th of May

Good morning folks! I hope you’re well!

Trade Update

I sadly have to update you that I took a loss on my EUR/JPY scale in, by a couple of pips, it’s sad but part of the game 🙂

I recently said that I’ve had a lot of positive variance behind me so it’s only normal that I take a few losses to get back into my normal strike rate range

Anyway, enough talk, let’s dive into my watchlist

FX Watchlist

CAD/CHF

Canadian Swiss is still on my watch for a potential short play, I’m just waiting for the price to retest the high,

GBP/JPY

Pound Yen is rather similar to CAD/CHF I’m sure you’ll notice 🙂

USD/CAD

Dollar Canadian is approaching the area of demand that dates back to 2017 so let’s be patient 🙂

That’s it for today, short and sweet 🙂

Oh and I saw someone commented yesterday asking about me bringing back the monthly recap – I have two questions for you

Is it okay if I post only the result & after view while explaining the set-up or do you want the before / after / thinking process before/ while holding / afterwards?

I stopped due to the amount of time it took me so if you’re happy with something simple I may bring them back!

Posted on

Wednesday 28th of April

Good morning team! I hope you’re well!

I’m liking how the price is currently moving across a few currency pairs, so just being patient 🙂

Let’s dive straight into it!

FX Watchlist

AUD/CAD

Aussie Cad is approaching the area of interest, I’ve adjusted the daily level to fit with the weekly

CAD/JPY

Canadian Yen is also approaching the area I am interested in, this time for a potential short play – we’ve got an old weekly stack that still works with me so let’s wait and see what we get 🙂

EUR/JPY

Euro Yen started to play out exactly as I called it yesterday making a higher high, now the question is will it go lower or are we breaking this area of supply to beginning the next push up. I don’t know, all I know is that I’m patiently waiting for a short 🙂

NZD/JPY

Kiwi Yen is also on my watch for today, we are now within the area of supply so I’m on my toes waiting for a script entry for a potential short play.

Let’s be patient, it’s not guaranteed the price will drop anyway so there’s no point taking a trade that doesn’t fit our criteria.

That’s it for today, just wanted to share my “priority” watchlist since we’ve got quite a few things that could play out today or tomorrow!

Leaving you guys on that 🙂

Keep executing / Keep improving / Keep smiling 🙂

Posted on

Monday 26th of April

Good morning team! I hope you’re well!

Before we dive into my watchlist, I just want to let you know I wrote a blog post this weekend that I think would be highly useful to traders. I named it “The 4 Principles that Drive Elite Trader Performance”

You can find it here: https://bullishoncoffee.com/2021/04/25/4-principles-that-drive-elite-traders-performances/

Anyway, since that is said, let’s move into our watchlist.

Oh, I probably should update you on EUR/USD – I’ve trailed my stop loss a bit closer to the current price, just patiently waiting for it to play out 🙂

FX Watchlist

EUR/JPY

Euro Yen is on my watch for a potential short – I’m guessing you know it’s on my watch if you’ve been following my watchlist over the last three or four weeks since it’s been there all that time :’)

Just being patient, there’s no point rushing in a position – if I had I’d probably have been taken out so I’m happy to stay on the sideline until something works out

EUR/USD

While I am still holding a long trade, I have moved my stop a bit closer as per my trading plan because we broke structure to the upside, however we’re also approaching an area of supply. It’ll be interesting to see how things are lining up – I believe we’ll keep breaking this zone to the upside to see a rejection from the zone above, however I’m not clairvoyant.

I’ll adapt based on watch the price gives us.

USD/SGD

While I’m not the biggest fan of trading “smaller” currency pairs, dollar Singapore does provide good returns in my backtest.

We are approaching a double bottom pattern, well actually a triple bottom with an extremely clear area of demand.

There’s a clear weekly stack as well – so let’s wait and see!

I hope you enjoyed this breakdown!

Have a fantastic week!

P.S. If you read the article I posted on Sunday what did you think? What was your key take away?

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