[Idle Full-Time Trader's Trade Commentary] How to Earn Monthly Income from the Market

One day of the N-Method

It is the pound-yen pair.

It was bounced from the monthly support.

Also the Bollinger Bands are closing on the opposite bands, and the daily chart is closing on the opposite band, making it a tight situation.

In my main trading business, I skipped this rise.

In hindsight, I think I should have entered now.

There was still a bad habit left of trying to win with knowledge, logic, and rules, and by being safe, secure, and certain.

Instead, I shorted at the top and closed it at around -1 sigma on the 4-hour chart in the early morning around 5 o'clock.

That’s why I almost live a day-night reversed lifestyle. Of course, there are times when it moves during Tokyo session as well.

The volatility is large, so there are many PIPS, but in my main business the stop is very close due to tight stop losses.

This is a disadvantage of trading in a high-volatility market: even if the direction is correct, a mis-timed entry can easily trigger stops.

On the daily chart.

It is forming a pin bar, with the opposite band closing in.

This is what you might call a tight state, but it often rebounds significantly.

Markets need a breath of relief, you know.