【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.

Stopped and bounced from the monthly support.

Also, Bollinger Bands on the daily chart are closing the opposite band, leaving the market in a tight, pressed state.

In my main trading line, I skipped this upward move.

In hindsight, I think I should have entered.

There was still a bad habit of trying to win with knowledge, logic, and rules—“safe, secure, and certain.”

Instead, I shorted near the top and closed the position around the -1 standard deviation on the 4-hour chart in the early morning around 5 a.m.

That’s why I’ve almost shifted to a day-and-night inverted schedule. Of course, I still sometimes move during the Tokyo session.

Because of the high volatility, there are still quite a few PIPs, but the stop loss is close due to tighter risk management in my main job.

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

On the daily chart.

It is forming a pin bar and the opposite band is closing.

This is what you’d call a tight situation, but often there is a big rebound.

The market needs a breather.