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

I am a full-time forex trader, my name is Neko.

In releasing the semi-discretionary method N-Method that uses an EA, I will explain the entries of the same method that I conducted in parallel with my main trading.

First, GBP/JPY.

The market had fallen sharply from the Tokyo session, but I entered a short position with N-Method around 5 o'clock.

The image is a 4-hour chart.

As a hint, RSI is under 50 indicating bearishness, it touched 30, but since the trend is intact I ignore it. When the middle band’s slope intensified and the Bollinger Bands expanded (expansion), that is when the N-Method signal appeared.

This is the N-Method signal.

Although the N-Method manual states to set both the entry EA and alert EA on a 5-minute chart, you can set them on any time frame. From the next time, I plan to set the EA on a 4-hour chart to make the entry points clearer and trade in parallel with my main business.

As a result, since it was Friday, I closed around 2 o’clock on Saturday without a take-profit signal, earning about 400 PIPs.

In 2016 or even earlier, GBP/JPY typically moved more than 300 PIPs, so

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

This is a daily chart. In the section where the vertical line extends, I expanded the Bollinger Bands.

On the daily chart, breaking the middle band is bearish, and since the bands were contracting, the likelihood of expansion was high, so reversals should be approached with caution.

I feel that the movement pattern of GBP/JPY is being condensed on the 4-hour chart.

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

Bollinger Bands, RSI, and Heikin-Ashi

The chart settings may seem very simple, but

Oscillators and the like have calculation formulas that don’t change much, so one is plenty.

On the contrary, in modern times just knowing market moves in real time is already quite revolutionary.

Heikin-Ashi, which has become widespread in the population, many people initially feel “I’ll win!” intuitively, but become disappointed when actually used in practice.

N-Method provides one answer to that problem.