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Iamqueenofpips

AUDJPY...New Year's Resolution: Positional Trading For educational purposes only: This year I am leading a solo campaign to bring the fun back into trading, to make trading as stressless as possible. Well, hello positional trading! I'm starting with AUDJPY for 2020. This is not the most volatile pair, but hey, steady wins the race! 1. AUDJPY is at a key level, near a weekly trend line. 2. H1 and H4 timeframes show a reversal pattern in this key area. 3. Oscillators confirm directional bias. This style of trading really does require an extra dose of patience. Thank you forex, for making me a better person, Haha! Happy Trading. You've got this!
Short
by IAmQueenofPips
Hey, GBP... I've got my eye on you. After Friday's UK General Election that saw the pound gain strength, I wonder what the market has in store for us this week. I must admit, my directional bias is looking for sells on GBP pairs. I mean, how much longer can price rise without correcting? BRING ON THE CORRECTIONS! With days to go before the Christmas break, I'm looking to get in and get out! Keep your eyes open to key zones in the market. 2020 is going to see some big moves, and you can be a part of that too, just let price align before trading your plan. You've got this! Good luck.
by IAmQueenofPips
Are we there yet??? Waiting on Trade ConfirmationsKnowing when a trade is ready takes a lot of patience. Sure, it's easier to back test your trades and in hindsight think about what you could have done (But honestly, would you have? No. Me neither.) I have found that having a set of confirmations that I look for before I enter any trade has really helped me on my journey to consistent profits! Let's face it, who hasn't drawn up a chart and admired it's colourful appeal and beauty. But if that chart ain't making you no money... you're just a chart artist! Make a list of confirmations that work best for you and WAIT for them. WAIT. WAIT.WAIT. Trading is all about patience and self-mastery. Once you learn that, the rest is easy (Ok, let me not lie. The rest is easier.) Here's confirmations to help you on your way: - Price is in a major reversal zone - An impulsive move has taken place (engulfing candlestick has formed)- MY FAVOURITE - MacD has crossed - EMAs have crossed - MAs have crossed - Stochastic - RSI - Price is above/below EMA for buy/sell - Fibonacci retracement is at golden ratio 61.8 - I am of a calm mind and relaxed temperament- I can enter the trade without stress because I have an effective risk management system You've got this! Good luck.
by IAmQueenofPips
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