This setup started on the weekly chart, tracked through the daily, and the order was placed on Wednesday. Non-farm employment change today gave it the push it needed—now it’s cruising toward take profit. That’s 1% of the account, plenty to live off with the right size. The formula’s simple: one solid trade a week. No chasing, no stress. Have a great weekend!
The market’s a loaded gun—trigger pulled, but no bang yet. We’re stuck at break even, staring down tomorrow’s red flag news like a storm about to break. This trade doesn’t need babysitting and I’m not about to play hero by adding to the position. Let it breathe. The fuse is lit; now it’s just a matter of time. Will the news spark a breakout or drag this trade into...
Looks like we’ve got a fresh swing point printed across the board, signaling more downside to come. A quick glance at the four hour chart backs that up—clean and clear, no guessing needed. Here’s the game plan: I’ll be working with the equilibrium of the daily parent candle as my entry. It’s sitting at a logical level, perfectly aligned with the narrative....
Leading on from yesterday where I'd used the weekly range, I now favour the accuracy of the daily levels since we have more data. We're presented with a bearish candle that closed inside the range of the highlighted parent candle. So, that FVG on DXY is still there, also the pound swept yesterday's high. It seems neutral, eh? I still think there will be...
So, this is my strategy moving into 2025. I'm a break even trader starting my 5th year in the hot seat. I'll be trading a 50k demo right here on tradingview. 1% risk per trade, minimum r:r = 1:1. I'm only entering trades on EU at this stage, however DXY and GU are always on my screen. Timeframes: Weekly, Daily and H4, primarily focused on the daily, hence it...