【Guidance for a Relaxed Full-Time Trader's Trade Analysis】How to Earn Monthly Income from the Market

One day of the N-Method

This is the Pound-Yen.

It bounced off the monthly support.

Also the Bollinger Bands are closing on the opposite band, and the daily chart is closing on the opposite band, leaving it in a tight range.

In my main trading, I skipped this rally.

In hindsight, I think I should have entered.

There was still that bad habit of trying to win with knowledge, theories, and rules, and with safety and certainty.

Instead, I shorted at the peak and closed the position around -1 sigma on the 4-hour chart during the 5 o'clock hour in the morning.

Because of this, my life is almost a night-and-day reversal. Of course, there are times when it moves during the Tokyo session as well.

Volatility is high, so even so there are a lot of PIPs, but the stop is close in the main trading due to tight stop losses.

This is the downside of trading in a high-volatility market: even if the direction is correct, a timing error can easily hit the stop.

On the daily chart.

It has formed a pin bar and the opposite band is closing in.

This is what you would call a tight range, but it often returns strongly.

Markets need a breath—an opportunity to pause.