【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.

It rebounded from the monthly support.

Also, the Bollinger Bands are closing the opposite band, and the daily chart is in the opposite band closing in, in a tight situation.

In my main trading, I skipped this rise.

In hindsight, I think I should have entered.

There was still a bad habit left of trying to win with “knowledge, logic, and rules” and “safety, security, and certainty.”

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

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

Volatility is large, so there are still plenty of PIPS, but since my main business’s stop loss is tight, the stops are very close.

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

On the daily chart.

The pin bar is forming, and the opposite band is closing in.

This is what is called being tight, but there is often a strong rebound.

The market needs a breath (a pause).