Just so happened, had the urge to look at my charts and walk over to this gift. Rarely happens, but I love it when it does.
Yea, I could have played a breakout here, but tbh I'm not quite there on backtesting and trusting my ability to pick winners with the strategy. This is what I love so much about trading, it's easy to see where your next growth edge is, then it's time to put in the work and add another tool to your arsenal.
There are a couple of these in the GBP pairs, this one is the cleanest of them all in my opinion. I'll be disciplined here and wait and watch for a reversal set-up off of the 38.2 in order to make my move.
Nice Daily chart shaping up for GBPCHF. Will be looking for a rejection candle on the 38.2 Fib. H1 chart looks like it's been climbing steadily but the MACD gives hope that price action might very well be losing steam.
Waiting for this to drop in and trigger. Just want to post for accountability.
One of the benefits of stalking this pair is you sort of get in sync with it. I'll keep watching and taking positions as they make themselves available.
Waited, identified, got in early (before pullback), then profited effortlessly.
Waiting and watching as USDJPY comes to the end of a triangle and I'm expecting a big move. Instead of choosing a direction off the bat, it's time to really pick up on which way the market is posturing.
Yep, I went ahead and dropped it in there. I don't know why but something told me to go ahead and take the position. I've been in this weird flow state in the markets lately. Not going to deny it, just watch and wait.
I'm going to place a trade live. Not really my style but I'm getting in right now 12:01pm cst.
Check out the difference in these bearish set-ups
Much like USDJPY, need to wait and watch this for a good entry. I do think we fall soon according to technicals. I don't trade on fundamentals so I might be exposed there.
Not sure if my timing was right on this one, still willing to let it play out and possibly get in again at a more favorable time. My price level is good, the timing is a little off.
I notice a great entry here and plan this move as a hands-off trade.
I'll be watching this and looking to catch a falling knife. Key zone.
I had a set-up written in that would require price action to move down to trigger in. That didn't happen, my 1% was sparred and a new set-up made itself available.
So close with my prediction of price action on this one. Didn't pullback quite enough to trigger entry.