【A Busy Full-Time Trader's Trade Commentary】How to Earn a Monthly Income from the Market
A Day of N-Method
This is the Pound/Yen pair.
I bet on the downside with the third attempt at expansion.
Let’s take a look at the daily chart.
I took profits around midnight with 70 PIPS.
Only 70 PIPS… I wonder if it will really go down with this level of low volatility, but I’ll refrain from predicting (laugh).
This is the 4-hour chart.
A retracement sell from the middle band.
This time I entered with a discretionary entry of the N-Method. The sweet spot is the moving average.
Next is the 30-minute chart.
The moving average is tilting, and considering the higher timeframe, there is a bearish shadow to the upside, so you can enter in many ways based on the candle pattern.
People who are afraid of a pullback in such spots and don’t enter will seek safety and certainty and end up losing.
Next, the weekly chart.
There is a gap between 2 standard deviations. Will it fill this gap?
Monthly chart
There is also a gap between 2 standard deviations, and it may aim for new lows again.
Now, let’s do our best.
【Attack is the best defense】 N-Method is here↓↓
https://www.gogojungle.co.jp/tools/ebooks/22300