【Relaxed 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.

It bounced off the monthly support.

Also the Bollinger Bands on both sides were closing, and the daily chart showed the opposite band closing as well, leaving it in a tight situation.

In my main trading activity, I skipped this rise.

In hindsight, I think I should have entered then.

I still had the bad habit of trying to win with knowledge, logic, and rules—“safe, secure, and certain.”

Instead, I shorted at the peak and closed around 4-hour chart minus 1 sigma during the early morning around 5 o’clock.

So I lead a nearly day-and-night reversed life. Of course, there are times when the Tokyo session moves as well.

Because the volatility is high, there are still a lot of pips, but in my main business the stop loss is tight, so the stop is very close.

This is the downside of trading in a high-volatility market: even if the direction is correct, a timing error can easily trigger a stop.

On the daily chart.

Pin bar forming, and the opposite band is closing.

This is what’s called a tight situation, but often there is a strong rebound.

The market needs a breather.