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

I am a full-time currency trader named Neko.

As I release the semi-discretionary method N-Method using EA, I will explain the entries of the same method I conducted alongside my main trading.

First, pound-yen.

The market fell sharply from Tokyo time, but at 5 o'clock I entered a short position with N-Method.

The image is a 4-hour chart.

As a hint, RSI is below 50 indicating a bearish mood; it touched 30, but since the trend is present we ignore it. Then the slope of the middle band increases and the Bollinger Band expands, which is when the N-Method signal appeared.

N-Method signal.

Although the N-Method manual states to set the entry EA and alert EA on a 5-minute chart, it does not matter which time frame chart you set it to. From next time, I will set the EA on a 4-hour chart to make the entry points clearer and trade in parallel with my main business trading.

In the end, since it was Friday, I closed around 2 a.m. on Saturday without a take-profit signal, securing about 400 PIPS.

In 2016 or much earlier, pound-yen typically moved more than 300 PIPS, so

I feel that the range market that persisted from 2017 has ended and a high-volatility market has arrived.

This is a daily chart. Where the vertical line extends, I expanded the Bollinger Bands.

On the daily chart, a break of the middle band indicates bearishness, and since the bands were contracting there was a high likelihood of expansion, so counter-trend trading should be done cautiously.

I have a strong sense that the price movement of pound-yen is being condensed into patterns on the 4-hour chart.

Therefore, N-Method traders should focus on the daily and 4-hour charts, and leave the lower time frames to the EA.

Bollinger Bands, RSI, and Heikin-Ashi

The chart settings may seem very simple, but

Oscillators have calculation formulas that do not change much, so one is plenty.

Actually, in modern times, simply being able to see real-time market movements is quite revolutionary.

Heikin-Ashi has become widely popular, but at first many people instinctively think “I’ll win!” and end up disappointed when actually using it.

N-Method provides one answer to that.