Hello again, TradingView community!
Although I just posted an analysis for this series, there are over a dozen more to post today.
I am mapping out every single setup in the market that I see and recording the results publicly with all of you.
As we journey deeper into my transparent trading adventure, I'm eager to share another one of today's analyses with you. But first, let's revisit the principles guiding this series for those that are new here:
1. Transparency, Not a Tutorial: While the setups are laid bare, the intricate details and exact reasoning remain mine to keep. This isn't trading advice; it's a window into my trading psyche.
2. Frequency & Execution: Each day offers a different setup or thought, but not all become trades. Understand these as glimpses into my trading mindset, rather than direct cues for action. I'm using each setup as a learning experience and exercise for my own growth and development.
3. Purpose & Growth: The core of this exercise still revolves around my personal growth, a pursuit to hone my analysis skills, and face potential critique with resilience.
In the ever-changing world of trading, it's crucial to adapt, learn, and sometimes, just observe.
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Instrument: NZDJPY
Bias: Short
Overall Trend: Long
Thoughts: This trade is counter-trend, suggesting it goes against the overall momentum. Given its nature, I will likely monitor the outcome without necessarily diving in. Counter-trend moves can be enlightening, serving as lessons in patience, observation, and market dynamics.
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Whether you've just tuned in or have been a companion since my decision to start this Odyssey 30 minutes ago, I appreciate your presence! Together, let's embrace the intricacies of the market and uncover insights amid the volatility. Onward to another day of analysis and discovery!