AUDJPY setting the trap - Newsense TradingAnother set-up similar to USDCHF, this one involved the 50% fib level as support after being proven as a viable level in the recent past for the intraday charts.
Newsensetrading
USDCHF Breakout trade entryWell, price came back and we're in early. This is incredibly risky for me (I'll keep a close eye).
USD/CHF 1st trade potential - Newsense TradingI love the level we are at on the Daily charts. Upon further inspection I'm considering getting in early for a breakout trade rather than waiting for a pullback entry like I typically would want.
USDCAD no man's landI love trading the PRS but the momentum might be completely gone at this point. I preach about not being in this phase of uncertainty with positions. I try to avoid this at all costs. Trading is indeed mental my friends.
2/19/20 The Week so FarI'm learning to accept these harder weeks as the better opportunities for me to become a great trader. Of course I love it when every position I take jumps out at me and earns me a profit, but I remember a point when I would avoid the charts entirely after a string of either losses or missed opportunities. It's so important to continue to trade with an unbiased approach as you look to identify good trades rather than "profitable" trades. As I always mention, this trading game is all about probabilities and consistency, money is just a byproduct.
Missed Opportunities/Good Trades Bad Outcomes - HumbledUSD/CAD pyramid pattern showing signs of not forming
CHF/JPY entry missed
EUR/USD exited before a big profitable drop
Some days are just like this, I'll recoup by putting time in and recognizing which trades were just too risky for me to have predicted and which ones were a product of me not putting in the time to ID them. I like these days, they remind me of the improvement I still have remaining.
Positions I'm Holding over the Weekend - Recap Vid USD/CAD building my position
EUR/USD 2nd trade triggered and currently on-route to profit target
CAD/JPY adjustment trade slow to move, currently close to break-even
CHF/JPY no chance to continue bullish at this point, waiting for an entry to ride bearish momentum down.
CAD/JPY shortI believe Soros said "A good trader can cut losses quickly, a great trader can re-enter the trade going the opposite direction."
USD/CAD 3rd entry playing out wellJust a quick update post related to the vid I posted earlier. Holding myself accountable and being super thorough with updates.
EUR/USD 1.56% on autopilot yesterdayForgot to post, this position got triggered in and profit target reached all without any intervention on my part. My favorite type of trade hands down.
USD/CAD 3rd entry vidLive entry on USD/CAD, I usually trade strict limit orders around the Pivot, but this is cause for an exception.
CAD/JPY quick in-and-out *Sorry for the coughs*Following up the screenshot earlier showing the trade and why I'm taking a base hit here rather than aiming for a Homerun.
CHF/JPY just doesn't want to give me an entry!! lolJust a quick video update of what I'm seeing, what I need to see and my indifference on whether or not I take the trade. Honestly, this game is all about taking what you are given and letting go of what you can't control... See the Fastball before hitting it.
USDCAD 2nd entry triggered vidUSD/CAD Pyramid Reversal Strategy (PRS) Super excited to share a textbook version of this entry. Feel like it's been a while since I've had such a perfect storm of a trade trigger in. Feeling super locked in and ready to ride this wave.
CHF/JPY vid analysis ==4 Hour chart posing a threat to the momentum I'd prefer we have for a move like this however, I feel strongly that the Daily chart coming off of a major trend line and Fib level could outweigh the lack in intraday momentum.
CHF/JPY Daily Fib shows pullback to 61.8 Just a matter of timing on this one. Patient because the move will likely be significant.
CHF/JPY pullback patienceAfter yesterday's observation of the Daily trendline, I wasn't able to play the breakout but look to get in safely upon pullback to Pivot Point.
CHF/JPY waiting patiently for the rejection (Daily Chart)CHF/JPY is currently on a trendline and I'm going to use the intraday charts to time an entry once we get a rejection candle. I'm unsure as to how the actual entry will play out, but I typically jump in this style trade as soon as I see the rejection candle close rather than looking for a confirmation candle then pullback to pivot intraday.
AUDJPY test of 50% Fib level (Daily Chart)I'm expecting this to continue to the downside after last weeks rejection of 50% fib. Possible entry on the Pivot Point on H1 chart.
