Get started

Traderecap

CAD/JPY on watch for me today.CAD/JPY: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If price only pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll again be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it, but I'll be hiding my stop loss below the lower descending trend line of our most recent piece of structure for extra protection. • If price pushes down to and ideally just below our rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
2
EUR/NZD and AUD/NZD on watch for me today.EUR/NZD: • If price only pushes up to and ideally just above our lower rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above our upper ascending trend line for extra protection. • If price pushes up impulsively to and ideally just above our lower rayline or I miss the risk entry opportunity from the top of our most recent piece of structure, then I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/NZD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
4
EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls. I hope you're doing well. So my NZD/JPY trade which I liquidated on Sunday night would now (had I not liquidated it) be running at just over +8.00% profit with +7.81% locked in which would have been my most profitable live trade of all time in both percentage and monetary terms. Am I frustrated by this? Not at all. In fact I actually feel motivated because I previously never even used to miss these moves because I didn't know how to forecast them in the first place and one of the reasons I feel motivated is because I was backtesting yesterday and based on something which I discovered on my charts plus one other tweak which I've made to aid my psychology I know that had I been in this trade today I most definitely would not have liquidated my position. Furthermore this is the second +7.00% move that I've missed in one week, so it's only a matter of time before these bites turn into catches! I'm not in any trades at the moment but my forecast for today I've listed below. I only have two pairs on watch today because we've seen some big moves this week and after big moves I typically prefer to let the market show its hand rather than trying to catch a bunch of falling knives. I've just added EUR/GBP to my Tuesday Forecast but this might not be ready by the end of the day, but since I only have one other pair on watch I thought I'd add it into the mix as a bit of a hedge. Have a great day! EUR/GBP: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls. I hope you're doing well. So my NZD/JPY trade which I liquidated on Sunday night would now (had I not liquidated it) be running at just over +8.00% profit with +7.81% locked in which would have been my most profitable live trade of all time in both percentage and monetary terms. Am I frustrated by this? Not at all. In fact I actually feel motivated because I previously never even used to miss these moves because I didn't know how to forecast them in the first place and one of the reasons I feel motivated is because I was backtesting yesterday and based on something which I discovered on my charts plus one other tweak which I've made to aid my psychology I know that had I been in this trade today I most definitely would not have liquidated my position. Furthermore this is the second +7.00% move that I've missed in one week, so it's only a matter of time before these bites turn into catches! I'm not in any trades at the moment but my forecast for today I've listed below. I only have two pairs on watch today because we've seen some big moves this week and after big moves I typically prefer to let the market show its hand rather than trying to catch a bunch of falling knives. I've just added EUR/GBP to my Tuesday Forecast but this might not be ready by the end of the day, but since I only have one other pair on watch I thought I'd add it into the mix as a bit of a hedge. Have a great day! EUR/GBP: • If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/USD, EUR/NZD and USD/CHF on watch for me today.Good morning one and all. I hope you're doing well, you had a great weekend and that you're feeling focussed for the week ahead. So I closed my NZD/JPY trade down manually last night for break even (or +0.1% profit to be price) once price broke back with in our larger flag and then closed within it on the one hour chart and then immediately after I had price dropped like a stone in the direction I previously required it to. If I hadn't then I'd currently be running at around +2.7% profit, but that's trading for you. We document and journal the trade and then we move on to the next one. My forecast for today is listed below and I currently have an order set on EUR/USD which I'm currently monitoring closely to make sure that my stop loss is in the right place encase I'm triggered into the trade. Have a great day! EUR/USD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
EUR/USD, EUR/NZD and USD/CHF on watch for me today.Good morning one and all. I hope you're doing well, you had a great weekend and that you're feeling focussed for the week ahead. So I closed my NZD/JPY trade down manually last night for break even (or +0.1% profit to be price) once price broke back with in our larger flag and then closed within it on the one hour chart and then immediately after I had price dropped like a stone in the direction I previously required it to. If I hadn't then I'd currently be running at around +2.7% profit, but that's trading for you. We document and journal the trade and then we move on to the next one. My forecast for today is listed below and I currently have an order set on EUR/USD which I'm currently monitoring closely to make sure that my stop loss is in the right place encase I'm triggered into the trade. Have a great day! EUR/USD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
EUR/USD, EUR/NZD and USD/CHF on watch for me today.Good morning one and all. I hope you're doing well, you had a great weekend and that you're feeling focussed for the week ahead. So I closed my NZD/JPY trade down manually last night for break even (or +0.1% profit to be price) once price broke back with in our larger flag and then closed within it on the one hour chart and then immediately after I had price dropped like a stone in the direction I previously required it to. If I hadn't then I'd currently be running at around +2.7% profit, but that's trading for you. We document and journal the trade and then we move on to the next one. My forecast for today is listed below and I currently have an order set on EUR/USD which I'm currently monitoring closely to make sure that my stop loss is in the right place encase I'm triggered into the trade. Have a great day! EUR/USD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EUR/USD, EUR/NZD and USD/CHF on watch for me today.Good morning one and all. I hope you're doing well, you had a great weekend and that you're feeling focussed for the week ahead. So I closed my NZD/JPY trade down manually last night for break even (or +0.1% profit to be price) once price broke back with in our larger flag and then closed within it on the one hour chart and then immediately after I had price dropped like a stone in the direction I previously required it to. If I hadn't then I'd currently be running at around +2.7% profit, but that's trading for you. We document and journal the trade and then we move on to the next one. My forecast for today is listed below and I currently have an order set on EUR/USD which I'm currently monitoring closely to make sure that my stop loss is in the right place encase I'm triggered into the trade. Have a great day! EUR/USD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EUR/NZD, NZD/JPY and EUR/CAD on watch for me today.Good morning one and all. I hope you're doing well. So I took another loss yesterday, this time on EUR/NZD by the first of two volatility spikes during swap hours. I placed my trade at my cutoff point of 7:30 PM BST and once again unfortunately the liquidity didn't come in which would have pushed price clear of my stop loss. I also experienced slippage too which means that I ended up losing a fair bit more than the 1% I told my broker that I wanted to risk. Those who say that you shouldn't trade at this time, or at this time, or during this session, or that session either forget or they aren't aware just how much testing I've done of this strategy and how much experience I now have trading it, which is why I trade the hours I do because I've found that over a large enough sample size of trades it's a profitable one unless you start trading beyond my cutoff point. But unfortunately testing and probabilistic thinking are concepts which the majority of traders struggle with, which is to a large extent why many of them strategy hop the moment that they experience a period of drawdown which you'll experience at some point regardless of what strategy you trade. However thanks largely to the fact that I've trained my mind to deal with drawdown I was able to stay neutral and positive after my latest loss, which allowed me to take advantage of another golden opportunity and arguably an even better one just after swap hours had finished and the spread during the Asian Session had calmed down so I'm now currently short on NZD/JPY. Once again I was almost taken out for another loss, but price has since scooped back down to my entry point, so we'll see how this one plays out and of course I'll keep you updated on its progress. My forecast for today which includes a screenshot of my EUR/NZD trade and the NZD/JPY trade which I'm currently still in I've pasted below, as usual I'll be selecting my Top 6 and my Wildcard list pairs tonight, tomorrow morning I'll be creating my Monday Forecast and on Monday morning I'll bring you that forecast. Have a great day, a great weekend and I'll speak to you again soon! EUR/NZD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/CAD: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
EUR/NZD, NZD/JPY and EUR/CAD on watch for me today.Good morning one and all. I hope you're doing well. So I took another loss yesterday, this time on EUR/NZD by the first of two volatility spikes during swap hours. I placed my trade at my cutoff point of 7:30 PM BST and once again unfortunately the liquidity didn't come in which would have pushed price clear of my stop loss. I also experienced slippage too which means that I ended up losing a fair bit more than the 1% I told my broker that I wanted to risk. Those who say that you shouldn't trade at this time, or at this time, or during this session, or that session either forget or they aren't aware just how much testing I've done of this strategy and how much experience I now have trading it, which is why I trade the hours I do because I've found that over a large enough sample size of trades it's a profitable one unless you start trading beyond my cutoff point. But unfortunately testing and probabilistic thinking are concepts which the majority of traders struggle with, which is to a large extent why many of them strategy hop the moment that they experience a period of drawdown which you'll experience at some point regardless of what strategy you trade. However thanks largely to the fact that I've trained my mind to deal with drawdown I was able to stay neutral and positive after my latest loss, which allowed me to take advantage of another golden opportunity and arguably an even better one just after swap hours had finished and the spread during the Asian Session had calmed down so I'm now currently short on NZD/JPY. Once again I was almost taken out for another loss, but price has since scooped back down to my entry point, so we'll see how this one plays out and of course I'll keep you updated on its progress. My forecast for today which includes a screenshot of my EUR/NZD trade and the NZD/JPY trade which I'm currently still in I've pasted below, as usual I'll be selecting my Top 6 and my Wildcard list pairs tonight, tomorrow morning I'll be creating my Monday Forecast and on Monday morning I'll bring you that forecast. Have a great day, a great weekend and I'll speak to you again soon! EUR/NZD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/CAD: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
EUR/NZD, NZD/JPY and EUR/CAD on watch for me today.Good morning one and all. I hope you're doing well. So I took another loss yesterday, this time on EUR/NZD by the first of two volatility spikes during swap hours. I placed my trade at my cutoff point of 7:30 PM BST and once again unfortunately the liquidity didn't come in which would have pushed price clear of my stop loss. I also experienced slippage too which means that I ended up losing a fair bit more than the 1% I told my broker that I wanted to risk. Those who say that you shouldn't trade at this time, or at this time, or during this session, or that session either forget or they aren't aware just how much testing I've done of this strategy and how much experience I now have trading it, which is why I trade the hours I do because I've found that over a large enough sample size of trades it's a profitable one unless you start trading beyond my cutoff point. But unfortunately testing and probabilistic thinking are concepts which the majority of traders struggle with, which is to a large extent why many of them strategy hop the moment that they experience a period of drawdown which you'll experience at some point regardless of what strategy you trade. However thanks largely to the fact that I've trained my mind to deal with drawdown I was able to stay neutral and positive after my latest loss, which allowed me to take advantage of another golden opportunity and arguably an even better one just after swap hours had finished and the spread during the Asian Session had calmed down so I'm now currently short on NZD/JPY. Once again I was almost taken out for another loss, but price has since scooped back down to my entry point, so we'll see how this one plays out and of course I'll keep you updated on its progress. My forecast for today which includes a screenshot of my EUR/NZD trade and the NZD/JPY trade which I'm currently still in I've pasted below, as usual I'll be selecting my Top 6 and my Wildcard list pairs tonight, tomorrow morning I'll be creating my Monday Forecast and on Monday morning I'll bring you that forecast. Have a great day, a great weekend and I'll speak to you again soon! EUR/NZD: • If price impulses up, it does so in a convincing manner and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/JPY: • If price corrects and a tight one hour flag forms then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/CAD: • If price pushes up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EUR/GBP and EUR/NZD on watch for me today.Good morning one and all. I hope you're well. So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results perspective since I started doing so. This doesn't worry me in the slightest because of this edge that I have over the market which I know will continue to consistently play out over a subsequent large enough sample size of trades, because it's been tried and tested over several decades worth of data. But since I'm running my trading career like a business I'm always keen to make tweaks and improvements where I can. So yesterday I did a lot of assessing and re-evaluating and with trading being a predominantly psychological affair I've made several tweaks and improvements to my processes which are designed to improve my psychology moving forward. That said I did identify one key area of my trading from a technical perspective which needed improvement and I've now made an amendment to this which based on the fully documented and journalled trades that I've placed should see my trading results improve dramatically over a large enough sample size of trades. The latter resulted in me getting long on EUR/GBP last night just before I went to bed with price currently floating around my entry point as I type, but I wouldn't be surprised if some momentum kicks in to the upside when the London Session opens this morning. Below is the forecast which I created last night and of course my EUR/GBP forecast gave me the entry that I was looking for, so I'll now only be watching this today for monitoring purposes and as always I will not be looking to get long on EUR/NZD until my 1% risk exposure to EUR/GBP has been completely removed from the table. EUR/GBP: • If price corrects and a tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back up followed by a tight flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
3
EUR/GBP and EUR/NZD on watch for me today.Good morning one and all. I hope you're well. So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results perspective since I started doing so. This doesn't worry me in the slightest because of this edge that I have over the market which I know will continue to consistently play out over a subsequent large enough sample size of trades, because it's been tried and tested over several decades worth of data. But since I'm running my trading career like a business I'm always keen to make tweaks and improvements where I can. So yesterday I did a lot of assessing and re-evaluating and with trading being a predominantly psychological affair I've made several tweaks and improvements to my processes which are designed to improve my psychology moving forward. That said I did identify one key area of my trading from a technical perspective which needed improvement and I've now made an amendment to this which based on the fully documented and journalled trades that I've placed should see my trading results improve dramatically over a large enough sample size of trades. The latter resulted in me getting long on EUR/GBP last night just before I went to bed with price currently floating around my entry point as I type, but I wouldn't be surprised if some momentum kicks in to the upside when the London Session opens this morning. Below is the forecast which I created last night and of course my EUR/GBP forecast gave me the entry that I was looking for, so I'll now only be watching this today for monitoring purposes and as always I will not be looking to get long on EUR/NZD until my 1% risk exposure to EUR/GBP has been completely removed from the table. EUR/GBP: • If price corrects and a tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back up followed by a tight flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
2
EUR/GBP and EUR/NZD on watch for me today.Good morning one and all. I hope you're well. So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results perspective since I started doing so. This doesn't worry me in the slightest because of this edge that I have over the market which I know will continue to consistently play out over a subsequent large enough sample size of trades, because it's been tried and tested over several decades worth of data. But since I'm running my trading career like a business I'm always keen to make tweaks and improvements where I can. So yesterday I did a lot of assessing and re-evaluating and with trading being a predominantly psychological affair I've made several tweaks and improvements to my processes which are designed to improve my psychology moving forward. That said I did identify one key area of my trading from a technical perspective which needed improvement and I've now made an amendment to this which based on the fully documented and journalled trades that I've placed should see my trading results improve dramatically over a large enough sample size of trades. The latter resulted in me getting long on EUR/GBP last night just before I went to bed with price currently floating around my entry point as I type, but I wouldn't be surprised if some momentum kicks in to the upside when the London Session opens this morning. Below is the forecast which I created last night and of course my EUR/GBP forecast gave me the entry that I was looking for, so I'll now only be watching this today for monitoring purposes and as always I will not be looking to get long on EUR/NZD until my 1% risk exposure to EUR/GBP has been completely removed from the table. EUR/GBP: • If price corrects and a tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below our lower rayline, then regardless of how it does so I'll once again be waiting for a convincing impulse back up followed by a tight flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:SUGARUSDLong
by StewySongs
EUR/CAD, EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls, I hope you're doing well. I placed a short trade on SUGAR/USD yesterday. It met all of the criteria which has made it possible for me to trade professionally, but once again the liquidity just hasn't come into the market in my forecasted direction. On the lower time frames this trade no longer looks great from a structural perspective in my opinion and in my experience when this happens it almost always means that a trade that I'm in will result in another loss. However as professionals it's important that we're not as zoomed in as most people are on TradingView and we observe the bigger picture and on the daily chart yesterday's trading did leave SUGAR/USD with a confirmed evening star formation at structure, although admittedly still with a little bit of wick to the downside. So we'll see how this one plays out. As I keep saying, trading isn't about making money every single time you place a trade, if it was then none of us would be professional traders. It's about having an edge over the market and letting that edge play out over a large enough sample size of trades, something which the majority of people who trade aren't patient or probabilistically minded enough to do. Where today is concerned it's all about the Euro for me today and pasted below is my Tuesday forecast for your viewing... Have a great day! EUR/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our lower rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our lower rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
EUR/CAD, EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls, I hope you're doing well. I placed a short trade on SUGAR/USD yesterday. It met all of the criteria which has made it possible for me to trade professionally, but once again the liquidity just hasn't come into the market in my forecasted direction. On the lower time frames this trade no longer looks great from a structural perspective in my opinion and in my experience when this happens it almost always means that a trade that I'm in will result in another loss. However as professionals it's important that we're not as zoomed in as most people are on TradingView and we observe the bigger picture and on the daily chart yesterday's trading did leave SUGAR/USD with a confirmed evening star formation at structure, although admittedly still with a little bit of wick to the downside. So we'll see how this one plays out. As I keep saying, trading isn't about making money every single time you place a trade, if it was then none of us would be professional traders. It's about having an edge over the market and letting that edge play out over a large enough sample size of trades, something which the majority of people who trade aren't patient or probabilistically minded enough to do. Where today is concerned it's all about the Euro for me today and pasted below is my Tuesday forecast for your viewing... Have a great day! EUR/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our lower rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our lower rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
1
EUR/CAD, EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls, I hope you're doing well. I placed a short trade on SUGAR/USD yesterday. It met all of the criteria which has made it possible for me to trade professionally, but once again the liquidity just hasn't come into the market in my forecasted direction. On the lower time frames this trade no longer looks great from a structural perspective in my opinion and in my experience when this happens it almost always means that a trade that I'm in will result in another loss. However as professionals it's important that we're not as zoomed in as most people are on TradingView and we observe the bigger picture and on the daily chart yesterday's trading did leave SUGAR/USD with a confirmed evening star formation at structure, although admittedly still with a little bit of wick to the downside. So we'll see how this one plays out. As I keep saying, trading isn't about making money every single time you place a trade, if it was then none of us would be professional traders. It's about having an edge over the market and letting that edge play out over a large enough sample size of trades, something which the majority of people who trade aren't patient or probabilistically minded enough to do. Where today is concerned it's all about the Euro for me today and pasted below is my Tuesday forecast for your viewing... Have a great day! EUR/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our lower rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our lower rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
EUR/CAD, EUR/GBP and EUR/NZD on watch for me today.Good morning guys and girls, I hope you're doing well. I placed a short trade on SUGAR/USD yesterday. It met all of the criteria which has made it possible for me to trade professionally, but once again the liquidity just hasn't come into the market in my forecasted direction. On the lower time frames this trade no longer looks great from a structural perspective in my opinion and in my experience when this happens it almost always means that a trade that I'm in will result in another loss. However as professionals it's important that we're not as zoomed in as most people are on TradingView and we observe the bigger picture and on the daily chart yesterday's trading did leave SUGAR/USD with a confirmed evening star formation at structure, although admittedly still with a little bit of wick to the downside. So we'll see how this one plays out. As I keep saying, trading isn't about making money every single time you place a trade, if it was then none of us would be professional traders. It's about having an edge over the market and letting that edge play out over a large enough sample size of trades, something which the majority of people who trade aren't patient or probabilistically minded enough to do. Where today is concerned it's all about the Euro for me today and pasted below is my Tuesday forecast for your viewing... Have a great day! EUR/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our lower rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our lower rayline and it does so impulsively, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:SUGARUSDLong
by StewySongs
EUR/CHF, SUGAR/USD and EUR/NZD on watch for me today.Good morning guys and girls, I hope that you had a great weekend. I've got quite a lot to get through this morning. So I was tagged out of my EUR/CAD trade on Friday for a nice little profit of +1.94%. As price broke below our daily double bottom area I was keen to start locking in profit even more aggressively just above it and when price printed a one hour retrace at this double bottom area that's exactly what I did and then I was taken out by volatility shortly afterwards. It was touch and go whether I had this pair on watch again today for a potential buy, but I think what's looking more likely now is that price will push back up before it pushes back down to potentially given us an even better setup by way of a 1, 2, 3 touch structure which breaks below our daily low and then I will be most definitely looking to get long. But I think that this if this does happen it might take until tomorrow to do so and to give me the setup that I'll be looking for, so I'm happy to sit on my hands until then where this potential trading opportunity is concerned. I placed another trade last night which was a short trade on NZD/JPY. It ticked all of the boxes and more and shortly after I placed my order I was triggered in and a lot of momentum came into the market in in my forecasted direction almost immediately and then I went to bed. However during the night price retraced aggressively and it took me out for a -1.00% loss. A lot of people question themselves when they take a loss, but I've been in this game long enough to know that if I took this trade 100 times it would make me money and therefore I don't think when such setups present themselves, I execute because through repetition and experience I've acquired a probabilistic mindset, which is vital to our success as traders. As I've said before we just roll the dice as traders and if we have an edge of the market as I do then that edge will play out over a large enough sample size of trades. Once again I considered having this pair on watch again today as I think just as with EUR/CAD price might be giving as an expanding pattern at structure which we can potentially capitlise on, however just as with EUR/CAD I think that this trade setup will likely not be ready until tomorrow. So once again I'm happy to sit on my hands until it does (if indeed it does). Listed below is what I'll be looking for today and posted as separate screenshots this morning are both trade recaps and all three forecasts. Have a great day! EUR/CHF: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD: • If price impulses down further, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our rayline and the last part of the move is impulsive, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
2
EUR/CHF, SUGAR/USD and EUR/NZD on watch for me today.Good morning guys and girls, I hope that you had a great weekend. I've got quite a lot to get through this morning. So I was tagged out of my EUR/CAD trade on Friday for a nice little profit of +1.94%. As price broke below our daily double bottom area I was keen to start locking in profit even more aggressively just above it and when price printed a one hour retrace at this double bottom area that's exactly what I did and then I was taken out by volatility shortly afterwards. It was touch and go whether I had this pair on watch again today for a potential buy, but I think what's looking more likely now is that price will push back up before it pushes back down to potentially given us an even better setup by way of a 1, 2, 3 touch structure which breaks below our daily low and then I will be most definitely looking to get long. But I think that this if this does happen it might take until tomorrow to do so and to give me the setup that I'll be looking for, so I'm happy to sit on my hands until then where this potential trading opportunity is concerned. I placed another trade last night which was a short trade on NZD/JPY. It ticked all of the boxes and more and shortly after I placed my order I was triggered in and a lot of momentum came into the market in in my forecasted direction almost immediately and then I went to bed. However during the night price retraced aggressively and it took me out for a -1.00% loss. A lot of people question themselves when they take a loss, but I've been in this game long enough to know that if I took this trade 100 times it would make me money and therefore I don't think when such setups present themselves, I execute because through repetition and experience I've acquired a probabilistic mindset, which is vital to our success as traders. As I've said before we just roll the dice as traders and if we have an edge of the market as I do then that edge will play out over a large enough sample size of trades. Once again I considered having this pair on watch again today as I think just as with EUR/CAD price might be giving as an expanding pattern at structure which we can potentially capitlise on, however just as with EUR/CAD I think that this trade setup will likely not be ready until tomorrow. So once again I'm happy to sit on my hands until it does (if indeed it does). Listed below is what I'll be looking for today and posted as separate screenshots this morning are both trade recaps and all three forecasts. Have a great day! EUR/CHF: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD: • If price impulses down further, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our rayline and the last part of the move is impulsive, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
OANDA:SUGARUSD
by StewySongs
1
EUR/CHF, SUGAR/USD and EUR/NZD on watch for me today.Good morning guys and girls, I hope that you had a great weekend. I've got quite a lot to get through this morning. So I was tagged out of my EUR/CAD trade on Friday for a nice little profit of +1.94%. As price broke below our daily double bottom area I was keen to start locking in profit even more aggressively just above it and when price printed a one hour retrace at this double bottom area that's exactly what I did and then I was taken out by volatility shortly afterwards. It was touch and go whether I had this pair on watch again today for a potential buy, but I think what's looking more likely now is that price will push back up before it pushes back down to potentially given us an even better setup by way of a 1, 2, 3 touch structure which breaks below our daily low and then I will be most definitely looking to get long. But I think that this if this does happen it might take until tomorrow to do so and to give me the setup that I'll be looking for, so I'm happy to sit on my hands until then where this potential trading opportunity is concerned. I placed another trade last night which was a short trade on NZD/JPY. It ticked all of the boxes and more and shortly after I placed my order I was triggered in and a lot of momentum came into the market in in my forecasted direction almost immediately and then I went to bed. However during the night price retraced aggressively and it took me out for a -1.00% loss. A lot of people question themselves when they take a loss, but I've been in this game long enough to know that if I took this trade 100 times it would make me money and therefore I don't think when such setups present themselves, I execute because through repetition and experience I've acquired a probabilistic mindset, which is vital to our success as traders. As I've said before we just roll the dice as traders and if we have an edge of the market as I do then that edge will play out over a large enough sample size of trades. Once again I considered having this pair on watch again today as I think just as with EUR/CAD price might be giving as an expanding pattern at structure which we can potentially capitlise on, however just as with EUR/CAD I think that this trade setup will likely not be ready until tomorrow. So once again I'm happy to sit on my hands until it does (if indeed it does). Listed below is what I'll be looking for today and posted as separate screenshots this morning are both trade recaps and all three forecasts. Have a great day! EUR/CHF: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD: • If price impulses down further, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our rayline and the last part of the move is impulsive, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
1
EUR/CHF, SUGAR/USD and EUR/NZD on watch for me today.Good morning guys and girls, I hope that you had a great weekend. I've got quite a lot to get through this morning. So I was tagged out of my EUR/CAD trade on Friday for a nice little profit of +1.94%. As price broke below our daily double bottom area I was keen to start locking in profit even more aggressively just above it and when price printed a one hour retrace at this double bottom area that's exactly what I did and then I was taken out by volatility shortly afterwards. It was touch and go whether I had this pair on watch again today for a potential buy, but I think what's looking more likely now is that price will push back up before it pushes back down to potentially given us an even better setup by way of a 1, 2, 3 touch structure which breaks below our daily low and then I will be most definitely looking to get long. But I think that this if this does happen it might take until tomorrow to do so and to give me the setup that I'll be looking for, so I'm happy to sit on my hands until then where this potential trading opportunity is concerned. I placed another trade last night which was a short trade on NZD/JPY. It ticked all of the boxes and more and shortly after I placed my order I was triggered in and a lot of momentum came into the market in in my forecasted direction almost immediately and then I went to bed. However during the night price retraced aggressively and it took me out for a -1.00% loss. A lot of people question themselves when they take a loss, but I've been in this game long enough to know that if I took this trade 100 times it would make me money and therefore I don't think when such setups present themselves, I execute because through repetition and experience I've acquired a probabilistic mindset, which is vital to our success as traders. As I've said before we just roll the dice as traders and if we have an edge of the market as I do then that edge will play out over a large enough sample size of trades. Once again I considered having this pair on watch again today as I think just as with EUR/CAD price might be giving as an expanding pattern at structure which we can potentially capitlise on, however just as with EUR/CAD I think that this trade setup will likely not be ready until tomorrow. So once again I'm happy to sit on my hands until it does (if indeed it does). Listed below is what I'll be looking for today and posted as separate screenshots this morning are both trade recaps and all three forecasts. Have a great day! EUR/CHF: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD: • If price impulses down further, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our rayline and the last part of the move is impulsive, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EUR/CHF, SUGAR/USD and EUR/NZD on watch for me today.Good morning guys and girls, I hope that you had a great weekend. I've got quite a lot to get through this morning. So I was tagged out of my EUR/CAD trade on Friday for a nice little profit of +1.94%. As price broke below our daily double bottom area I was keen to start locking in profit even more aggressively just above it and when price printed a one hour retrace at this double bottom area that's exactly what I did and then I was taken out by volatility shortly afterwards. It was touch and go whether I had this pair on watch again today for a potential buy, but I think what's looking more likely now is that price will push back up before it pushes back down to potentially given us an even better setup by way of a 1, 2, 3 touch structure which breaks below our daily low and then I will be most definitely looking to get long. But I think that this if this does happen it might take until tomorrow to do so and to give me the setup that I'll be looking for, so I'm happy to sit on my hands until then where this potential trading opportunity is concerned. I placed another trade last night which was a short trade on NZD/JPY. It ticked all of the boxes and more and shortly after I placed my order I was triggered in and a lot of momentum came into the market in in my forecasted direction almost immediately and then I went to bed. However during the night price retraced aggressively and it took me out for a -1.00% loss. A lot of people question themselves when they take a loss, but I've been in this game long enough to know that if I took this trade 100 times it would make me money and therefore I don't think when such setups present themselves, I execute because through repetition and experience I've acquired a probabilistic mindset, which is vital to our success as traders. As I've said before we just roll the dice as traders and if we have an edge of the market as I do then that edge will play out over a large enough sample size of trades. Once again I considered having this pair on watch again today as I think just as with EUR/CAD price might be giving as an expanding pattern at structure which we can potentially capitlise on, however just as with EUR/CAD I think that this trade setup will likely not be ready until tomorrow. So once again I'm happy to sit on my hands until it does (if indeed it does). Listed below is what I'll be looking for today and posted as separate screenshots this morning are both trade recaps and all three forecasts. Have a great day! EUR/CHF: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. SUGAR/USD: • If price impulses down further, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD: • If price pushes down to and ideally just below our rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour rejection from it. • If price pushes down to and ideally just below our rayline and the last part of the move is impulsive, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs