NZD/USD, EUR/USD and NZD/JPY on watch for me today.
Good morning one and all.
I hope you're well.
So I have the same three pairs on watch once again this morning. I thought that what I've been looking for from the three pairs which I'd had on watch these past few days might take some time to occur after the big moves we saw across the board earlier in the week, but since there's been no other pairs that have interested me from a structural perspective since these then I thought that I'd put them on watch anyway and the reason for this is simple...
Just because we think that something is going to happen it doesn't mean that it will and just because we don't think that something will happen it doesn't mean that it won't, or that it's not ready to and once we adopt this mindset then we as traders are free to implement everything that we've learned about the market without prejudice and once we can do this we're also free to see what is likely and unlikely to happen without our egos distorting what we've learned about the market and causing us to only focus on what we would LIKE to happen.
Tonight I'll be selecting my Top and my Wildcard list pairs for next week as always, tomorrow morning I'll be creating my Monday Forecast, on Monday I will bring you that forecast by way of a video and of course if I place any trades between now and Monday I will include details of the trade/s in Monday's video and from Monday onwards I'll be bringing you nothing but videos once again, because on Sunday I'll be travelling back to Scotland. So from Monday onwards I'll be back in my office and at my little recording setup.
Have a great day and a great weekend and I'll speak to you on Monday!
NZD/USD:
• If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD:
• If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/JPY:
• If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
I hope you're well.
So I have the same three pairs on watch once again this morning. I thought that what I've been looking for from the three pairs which I'd had on watch these past few days might take some time to occur after the big moves we saw across the board earlier in the week, but since there's been no other pairs that have interested me from a structural perspective since these then I thought that I'd put them on watch anyway and the reason for this is simple...
Just because we think that something is going to happen it doesn't mean that it will and just because we don't think that something will happen it doesn't mean that it won't, or that it's not ready to and once we adopt this mindset then we as traders are free to implement everything that we've learned about the market without prejudice and once we can do this we're also free to see what is likely and unlikely to happen without our egos distorting what we've learned about the market and causing us to only focus on what we would LIKE to happen.
Tonight I'll be selecting my Top and my Wildcard list pairs for next week as always, tomorrow morning I'll be creating my Monday Forecast, on Monday I will bring you that forecast by way of a video and of course if I place any trades between now and Monday I will include details of the trade/s in Monday's video and from Monday onwards I'll be bringing you nothing but videos once again, because on Sunday I'll be travelling back to Scotland. So from Monday onwards I'll be back in my office and at my little recording setup.
Have a great day and a great weekend and I'll speak to you on Monday!
NZD/USD:
• If price pushes up above our lower rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD:
• If price pushes up above our rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/JPY:
• If price pushes up above our upper rayline, it does so impulsively and a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.