Wednesday 5th of May

Good morning folks! I hope you’re well πŸ™‚

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 πŸ™‚

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

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 πŸ™‚

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

That’s it for today πŸ™‚

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 πŸ™‚

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 πŸ™‚

USD/CAD

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

That’s it for today, short and sweet πŸ™‚

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!

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 πŸ™‚

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 πŸ™‚

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 πŸ™‚

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 πŸ™‚

Keep executing / Keep improving / Keep smiling πŸ™‚

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 πŸ™‚

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?

Thursday 22nd of April

Good morning team! Hope you’re well!

Once again, not much on watch today, seems like it could be a slow day, but let’s remember we tend to take 4 to 5 trades per month so that’s normal

FX Watchlist

EUR/NZD

Euro Kiwi remains on my watch for a potential long play, we just need to wait for this triple bottom to be broken to the downside πŸ™‚

NZD/CHF

Kiwi Swiss is also on my watch, glad to see the kiwi currency on multiple watches πŸ™‚

Quite interesting to see some difference but the overall similarity is rather striking if you ask me

NZD/JPY

Kiwi Yen nearly gave us an entry yesterday or two days ago, but sadly it remains on watch since it didn’t fit all our criterias.

Also, Brian Lee shared a long youtube video / conversation, all his content is worth reading / watching so here’s the link:

Thursday 15th of April

Good morning folks! I hope you’re well!

I’ve been looking into new things I want to learn about when it comes to the market, my interest is currently stuck on Wyckoff methodology, so if you have any insights / recommendations surrounding it I’d be all ears! The same applies with trading volume profiles:)

I haven’t added / changed anything to my running trades (2x short AN and 1x long EU) so no updates there.

My watchlist has remained rather similar so it may be boring, but I’m adding two pairs to keep it fun πŸ˜€

FX Watchlist

AUD/CHF

Aussie Swiss is on my watchlist for a potential short play, I like the area, it was a clear trend line break in my opinion so I’m happy with it.

There’s a clear weekly stack so all in all, I’m just waiting for an entry opportunity

CAD/JPY

Canadian Yen hasn’t really changed, still looking for that short play

EUR/JPY

Not sure there’s been any change in Euro Yen for the last two / three weeks I’ll admit

NZD/CHF

Kiwi Swiss sadly played out without reaching our area of interest, that one definitely did make me sad, I had hoped to see a test of the zone before moving higher.

That being said, we are now approaching the higher zone which has a weekly stack (I have adjusted the zone hence why it doesn’t fit on the daily) I’ll be looking for a short from there

NZD/JPY

Kiwi Yen is the third yen pair on this watch, with the two swiss pairs – shows that the safe heavens could be setting themselves up for a play !

I like this set-up, now it’s only a question of whenever the price will reach the zone and give us a script entry.

The main drawback on this set-up is that it’s quite hard to find a valid weekly area – we can do so by combining two weekly candles together but even then it’s not perfect.

Quit comparing yourself with other people. It won’t motivate you for long, it’ll just create resentment / jealousy and lead you to ask why him not you

Monday 12th of April

Good morning folks! I trust everone is well!

Hope you enjoyed your weekend and spent it in a good fashion! I did a 5k for time, took me 24min and 9 seconds, I usually don’t time myself and only go slow so it was the first time I tried to up my pace.

Keeping the right pace is bloody complicated without a running watch I’ll tell you that much πŸ™‚

Anyway, you’re not here because of my amazing good looks or my running (or are you?)

FX Watchlist

CAD/JPY

Canadian Dollar Yen is on my watch for a potential short – if the price just reached the zone before dropping we’d also see a clear head and shoulder pattern which would be cool, it always adds some edge to our position.

The thing about C/J is that we have a zone at the high it just made but we also have a zone just slightly above it, both of them coming from a gorgeous weekly stack, so all in all, we’ll just have to wait and see what happens

EUR/JPY

Are you guys bored of seeing Euro Yen on my watchlist? It’s been there for nearly two weeks now and we haven’t really move, I’m sorry, I don’t control it, all I have control over are my actions, including my watchlist πŸ™‚

NZD/CHF

Kiwi Swiss is on my watchlist, it’s the last one that could see some action for today I believe, we’re getting closer to the zone of interet!

Little amount of “wisdom” before I leave you folks!

Oh and my friend and coach Jared Tendler book – the Mental Game of Trading is out now!

I’m waiting to receive my copy! Do yourself a favour and get a copy for yourself too!

Friday 9th of April

Good morning folks, I hope you’re well! Looking forward to getting shit done today πŸ™‚

Let’s dive straight into the trade update:

Trade Update

I took a loss on GBP/USD (I took the position yesterday) – it’s okay, I believe the trade set-up was there, the only problem was in my execution, i was late in the trade and that’s my own fault.

The edge was there, so I have no issues trading it.

FX Watchlist

GBP/CHF

Pound Swiss is also getting close to its area of supply, it’ll be interesting to see how the price reacts from this area. There’s also a clear weekly supply in that area so we’re covered on that side of things.

Let’s wait and see what happens & what opportunity we get (if we get any)

NZD/CHF

Kiwi Swiss is also approaching an area of supply, another counter-zone level that has a lovely weekly stack and a clear area of interest.

We’ve just broken below the previous low so we’ll get some liquidity from this area, let’s see if we reach the area of interest before the price moves!

Let’s go get it folks πŸ™‚

Thursday 8th of April

Good morning folks! I hope you’re well and feeling good!

Let’s dive straight into it!

Trade Update:

I just took GBP/USD long, however I messed up, I wasn’t feeling great this morning so stayed in bed. The only problem was that GBP/USD gave a clear entry that I executed over an hour and half late.

This drops my RR from 3:1 to 2.5:1 which is a rather big difference.

Daily FX Watchlist.

EUR/JPY

Euro Yen is on my watchlist for a potential set-up for a short:

GBP/CHF

There’s a clear set-up for both a long and a short opportunity which I’ll be interested in both.

NZD/CHF

Clear set-up for a potential long, however we need to break below the double bottom it has formed before we’re able to do that.

That’s it for today folks!

That being said, I definitely have to recommend Jared’s book coming out April 12th!

Wednesday 7th of April

Good morning folks! I hope you’re well and enjoying a cup of coffee!

It’s always a struggle for me, to finish my cup of coffee or start writing up this blog post. That is the question eh

Anyway, did I update you folks on the 4hour scale ins I took?

Trade Update:

I took EUR/USD long as a 4hour scale in yesterday I’ve had the opportunity to reduce my risk on it now so I’m happy about it

I also took a scale in on AUD/NZD, another 4hour scale in, I’m just waiting to see what happens next. Ideally we’d see it drop πŸ™‚ It’s currently resting on the 1h 50EMA which has been rather well respected in the past, so only time will tell.

(It will drop, time just hasn’t caught up with that fact yet)

Anyway, enough talking about my positions, let’s have a look at my watchlist

FX Watchlist

EUR/JPY

Euro Yen is on my watch for a potential short – however I’d like to see the price reach a zone that’s slightly above the previous high, we’ll see how that happens. To break the previous high we’ll need quite a strong push higher, however a lot of stops are probably around that level so we’ll have some liquidity being created for a potential short from there (or a bigger push)

GBP/USD

Pound Dollar is also on my watch for a potential long play – we broke out of a descending phase line and are now headed back into the zone it had created.

This level is aligned with a previous area of supply and demand however I’m happy with it. There is a weekly stack, however it starts from around the middle of that level (hence why my zone looks strange, I have adjusted it)

I hope you guys enjoyed this breakdown!

Oh and, I have a question for you:

Would you enjoy it if I made a weekly video about my watch, what I’m looking at ahead, what I’m currently testing? I was thinking of doing it with another trader to be able to showcase different styles of trading.

It’s not your strategy that’s holding you back if it’s profitable in your backtest, the problem is likely coming from you sadly

You can reach me by email or through IG!