【Idle full-time trader's trade commentary】How to earn monthly income from the market
One day of the N-Method
This is the pound-yen pair (GBP/JPY).
I bet on a lower move with a triple confirmation expansion.
Let's look at the daily chart.
I took profit around 70 PIPS late at night.
Only 70 PIPS... With this little volatility, I start to wonder if it will really go down, but let's not forecast (laugh).
This is the 4-hour chart.
This is a pullback selling from the middle band.
This time I entered using discretionary entry of the N-Method. The key is the moving average.
Next is the 30-minute chart.
The moving average is tilting, and considering higher timeframes there is a long upper wick, so you can enter in many ways based on the price pattern.
People who are afraid of pullbacks in these spots and don’t enter will seek safety and certainty and end up losing.
Next is the weekly chart.
There is a gap between the 2-standard deviation bands. Will it fill this gap?
Monthly chart
There is also a gap between the 2-standard deviation bands, so it might aim for new lows again.
Now, let's do our best.
[Attack is the best defense] Here is the N-Method↓↓
https://www.gogojungle.co.jp/tools/ebooks/22300