Release： 06/12/2020 14:11

Update： 06/08/2025 00:38

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A full-time currency trader cat explains pound-yen trades and the mind philosophy in the market.

【FX Full-time Trader Cat's Pound-Yen Trade Analysis 0612】

This is a Pound/Yen trade on June 12.

With discretionary entry, I took a counter-trend from the 4-hour middle band, taking profit at 180 PIPS.

4-hour chart

The slope of the middle band is important, right. It has expanded.

30-minute chart

It was spot on. It’s about how long you can wait… experience and intuition.

Daily chart

It became a back-and-forth. The opposite hand closed, and the momentum completely converged.

Weekly chart

It turned back toward the direction of the middle band slope

Monthly chart

As expected, it returned to the direction of the middle band slope, and although still mid-month, it has a top wick.

I’m watching closely to see what this band will do.

On Thursday early morning there is an FOMC meeting; it’s good to check at the start of the week.

Have a wonderful weekend.

【For those truly aiming to become full-time traders: N-Method, which repeatedly produced 300 PIPS and 800 PIPS, is here↓↓

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