GBP/USD Long, EUR/AUD Short and GBP/AUD ShortGBP/USD Long
• If price breaks below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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 price impulses up, it does so in a convincing manner and a tight 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/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
Trader
Meditations for the Modern TraderDrawing inspiration from the timeless wisdom of Marcus Aurelius, this guide distills ancient Stoic principles into modern trading strategies. Dive in to discover how to strengthen your trading mindset and unlock your unique edge.
1. On Emotion and the Markets
Remember: The markets are indifferent to your emotions. Anxiety, joy, desperation – these are constructs of your own mind and have no bearing on the ebb and flow of currencies or stocks. Allow your decision-making to be guided not by the heat of the moment, but by calculated, unbiased reasoning.
2. The Impermanence of Success and Failure
Today you may rejoice in your gains, yet tomorrow, you might lament your losses. Both states are transient, just as day turns to night. Strive, then, not for constant triumph, but for a balanced mind that remains unperturbed by these shifts.
3. Humility in Profit, Acceptance in Loss
Each transaction in the market offers an opportunity to learn humility and acceptance. When you profit, do not let arrogance cloud your judgment. When you lose, do not fall into the abyss of self-pity. Recognize that both are integral aspects of the trader's journey.
4. The Futility of Prediction
Remember that no man can predict the movements of the market with unerring accuracy. Do not let fear of the unknown cripple your actions. Instead, make educated decisions based on research and your understanding of the market, accepting the inherent uncertainty of the trade.
5. On Overindulgence
Excessive trading is akin to overindulgence in food or drink - it may bring temporary satisfaction but can lead to long-term harm. Moderation is key. Know when to act and when to remain still.
6. The Trap of Comparisons
Comparing oneself to others is a distraction and an invitation to distress. Your path in trading is your own and must not be dictated by another’s success or failure. Seek to better yourself and not simply to surpass others.
7. Learning From Mistakes
Each mistake is an opportunity for growth. Instead of fearing errors, embrace them as teachers. Learn from them, adjust your strategies, and forge ahead with newfound knowledge.
8. Acceptance of Market Forces
Just as one must accept the changing of the seasons, accept the cycles of the market. There will be times of plenty and times of scarcity. In both, stay steadfast and remember that this, too, shall pass.
9. The Power of Patience
Do not expect instant success in your trading endeavors. Mastery comes with time and experience. Be patient with your progress and do not rush the journey. The fruit of patience is often sweet.
10. The Mind as the Trader's Greatest Asset
Your greatest tool in trading is not a strategy or algorithm, but your mind. Cultivate it with knowledge, exercise it with practice, and keep it balanced with mindfulness. In a balanced mind, reasoned decision-making thrives.
Trade with wisdom, patience, and acceptance, and let not the waves of market tides disturb your inner peace. Embrace the journey with all its ups and downs, for this is the path of the enlightened trader.
Which Stoic principle resonates most with your trading approach?
GBP/AUD ShortGBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
EURUSD LOSS EXPLANATIONSo yesterday i took a trade on EURUSD,and as every trader took a loss,so lets try to explain why did a loss happen,as said i took a sell because i saw 0.5 fib being respected and rejected,and my entry was good,but as u see i didnt draw a blue line that hold my price from going down
I should wait for a better confirmation and BOS-Break of structure or some kind of a lower hi,lower low being formed
GBP/AUD ShortGBP/AUD Short
• If price pushes up to and ideally just above our area of value and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just below a one hour rejection from 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 Short and USD/CAD ShortEUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
USD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
inflation & yieldsThe Us 10 Year yield is one of the most important yields to follow.
It greatly impacts long term investment decisions in a vast array of markets; stocks, bonds, real estate.
A clear technical breakout is being observed & this could mean inflation is becoming entrenched.
Yields have a tendency to rally in parabolic fashion. if this breakout holds we can likely expect higher rates.
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
Here is my latest structure analysis for EURUSD
Horizontal Key Levels
Support 1: 1.0630 - 1.0645 area
Resistance 1: 1.0756 - 1.0775 area
Resistance 2: 1.0923 - 1.0946 area
Vertical Key Levels
Vertical Support 1: Support of a falling channel
Vertical Resistance 1: Resistance of a falling channel
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
USD/CAD Long and GBP/NZD ShortUSD/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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.
GBP/NZD Short
• If price corrects and a larger one hour flag forms, then I'll be looking to get short with 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 Short and USD/CAD LongEUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
USD/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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.
SPY / SPX at an inflection pointThe S&P500 is on the verge of breaking down very hard.
If we reject at the neckline tomorrow that is bearish.
If we close above the neckline it is bullish.
Either way a big move should occur once we know where we close.
After a hotter than expected CPI, tomorrows PPI will be telling.
If we get a hot PPI and hot Initial Jobless claims number expect markets to sell off.
EUR/USD ShortEUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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 ShortEUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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 Short, NZD/USD Short, AUD/USD Short and USD/JPY LongEUR/USD Short
• If price pushes up to and ideally just above our area of value and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just below a one hour rejection from it.
• If I miss the risk entry, it isn't clear, or price reaches my area of value impulsively, then I'll be waiting for a subsequent impulse back down from my area of value followed by a tight flag and then I'll be looking to get short 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/USD Short
• If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short 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.
AUD/USD Short
• If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short 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.
USD/JPY Long
• If price impulses up, it does so in a convincing manner and a tight 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.
GBPUSD Long idea for the coming weeksLooking on the charts, im going to aim for a long position on GBPUSD.
On the 4hour chart, previous wicks rejecting more downside as it looks.
Also we are in a nice orderblock area and resistance area
Going for a buy limit around 1.25785
Stoploss: 1.25451 (just below the last longest 4h previous wick)
TP1: 1.27089
TP2: 1.28650
TP3: 1.29090
If it would fall below that 4h long wick(which is touching the bottom of the purple zone) then im not interested anymore in a long position.
EUR/USD Short, NZD/USD Short and AUD/USD ShortEUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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/USD Short
• If price pushes up to and ideally just above our area of value and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just below a one hour rejection from it.
• If I miss the risk entry, or the entry isn't clear, then I'll be waiting for a subsequent impulse back down from my area of value followed by a tight flag and then I'll be looking to get short 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.
AUD/USD Short
• If price pushes up to and ideally just above our area of value and it doesn't do so impulsively, then I'll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just below a one hour rejection from it.
• If I miss the risk entry, or the entry isn't clear, then I'll be waiting for a subsequent impulse back down from my area of value followed by a tight flag and then I'll be looking to get short 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 Short, NZD/USD Short and AUD/USD ShortEUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
AUD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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 ShortEUR/USD Short
• If price corrects and a larger three touch one hour flag forms, then I'll be looking to get short with 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.
WTICO/USD Short and GBP/NZD ShortWTICO/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with 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.
GBP/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short 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.
WTICO/USD Short and EUR/JPY LongWTICO/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with 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/JPY Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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.