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

One day of the N-Method

It's the Pound-Yen.

It bounced off the monthly support.

Also, the Bollinger Bands are closing on the opposite bands on both the hourly and daily charts, so it’s a tight, choppy situation.

In my main line of business trading, I refrained from taking this rise.

In hindsight, I think I should have entered.

There was still a bad habit of trying to win with knowledge, logic, and rules—aiming for 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.

Because of this, I’m almost living a day-night reverse schedule. Of course, there are times when the Tokyo session moves, too.

Volatility is high, so there are still quite a few pips, but in my main job the stop-loss is tight, so the stop comes very close.

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

On the daily chart.

Being a pin bar, the opposite band is closing in.

This is what’s called being choppy, but it often retraces a lot.

The market needs a breather, you know.