【A Lazy full-time trader's trade commentary】How to earn a monthly income from the market
One day of the N-Method
This is the pound-yen pair.
In the third attempt at expansion, I bet lower.
Let's look at the daily chart.
I took profits at midnight with a 70 PIPS gain.
Only 70 PIPS… With this little volatility I start to wonder if it will really go down, but I’ll refrain from making a forecast (laugh).
This is the 4-hour chart.
It's a pullback selling from the middle band.
This time I entered with a discretionary entry of the N-Method. The key is the moving averages.
Next is the 30-minute chart.
The moving averages have started to slope, and considering the higher timeframes, there are upper wicks, so you can enter in many ways based on the candle pattern.
In places like this, people who fear a pullback 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 deviations. Will it fill this gap?
Monthly chart
There is also a gap between the 2 standard deviations, and it may again target new lows.
Now, let’s do our best.
[Attack is the best defense] N-Method is here ↓↓
https://www.gogojungle.co.jp/tools/ebooks/22300