【Idle full-time trader's trade analysis】How to earn a monthly income from the market

One day of the N-Method

It’s the pound-yen pair.

It rebounded from the monthly support.

Also, the Bollinger Bands are closing on the opposite bands, and the daily is also closing on the opposite band, putting it in a tight position.

In my main trading, I skipped this rise.

In hindsight, I think I should have entered.

There was still a bad habit of trying to win “with knowledge, with reasoning, with rules,” “safely, securely, reliably.”

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

That’s why my schedule is almost a day-and-night reversal. Of course, there are times when I move during Tokyo hours too.

Volatility is high, so there are still a lot of PIPS, but since my main trading uses tight stop losses, the stops are very close.

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

On the daily chart.

A pin bar forming and the opposite band closing in.

This is what you call a tight situation, but often it retraces a lot.

The market needs a breather.