A quick run through of the pairs I have on watch for today. CPI yesterday and PPI today, trade safe and do not be silly!
Key details explained in this trade recap showing the repeatability in price action and how you can use this to your advantage. GBPUSD short for +2%.
A short position taken on NZDJPY for +2.25% (half risk) and also a long on EURUSD resulting in a -1% loss that should not have been taken. Fully explained in the recap of my thought process after the trade and also how holding composure after a win is key.
Short position I took on EURNZD this week for a breakeven. All details explained in the video, some key details on my reason for management and also the timeframe usage to ensure I was executing according to my plan.
Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap. 🧠Emotional Log --- **Pre-Trade** I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is...
Breakdown of my full weekly watchlist pre-CPI. Also what I have on watch for today, EURUSD and EURCAD.
Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
Four pairs on watch for me today, simple plays. Market needs to show its hand first, right now it is a case of staying composed and patient.
A long position I took on EURJPY this afternoon. Risk was managed but taken out of the position for a breakeven, nowhere for profit to be locked in using structure however I am very happy with the decisions made throughout.
Short position taken on AUDUSD, held over the weekend and was taken out on Monday NY open for +2%. Emotional Log --- **Pre-Trade** I have been forecasting this setup and it is now showing its hand, this is where I need to act and understand it can still win or lose and that I have no control over that. Let experience come through and my knowledge, just look...
How am I feeling pre-trade? I am feeling confident in my mind, I forecasted the risk entry and not allowed little things to put me off the trade. Normally I would be saying things like ‘its gone past the hook’, ‘there needs to be a nice retrace or pin bar’ but ultimately it has all of the ingredients to sell. Ascending channel, meets AT hook with a 1H retrace...
Two pairs on main watch for me today, EURUSD and AUDUSD.
A short position I took on AUDNZD last week for a breakeven. Solid position here as experience stepped in and prevented me from taking a loss. All explained in the video and you will find my emotional trading log below, enjoy! 🧠 Emotional Log --- Pre-Trade Pre-trade I was in a state of slight hesitation/confusion, but not for my normal reasons (not wanting...
Pair : NZDJPY Direction : Short Result : +0.5%
USDCAD is approaching a great area of demand to the downside around the 1.37000 price level. I will be watching this closely for a strong daily bearish close before waiting for a candle signal to confirm my entry.
We could be looking at a retest of the trend-line on this pair, but I do believe it has the potential to fall further to the 1.24000 area. Especially after the drop the US Dollar took last week, it is due some buying control back which may push this pair down further.
Trendlines can be super powerful! Draw them onto the tops of the wicks of the candles, do not 'make them fit' and always be wary for a retest to get that sniper entry!