Plan for the week

16 août 2020

Going to post charts with my plan for each. Only those in which I zoom in and am most active.







































And this is it. 18 charts to pay attention to (well not all of them). Maybe I'll get 8 screens.
If I'm thirsty I can look at other minors, sek, copper, natgas. I do keep track of them but only look for cool big moves.
And then if I am desperate or greedy there are indices stocks crypto I can just waste time and lose money.

So basically with almost all fx I am waiting for sideways to end and a trend to form then trying to join it either for a quick move on H1 hours to days, or go up a bit then pullback on H4 and get in for a move days to weeks. A couple of pairs are maybe reversing but I don't even remember who it's not that great, not sure what I'll do. EURNZD I could not enter and it is going straight into resistance, I'll wait for a big pullback then we will see, if it keeps going so be it. Oil is pointless, Gold I could short for a quick one, and buy long term (would use as denominator on 1/3 trading account).
Saw some nice EW I wanted to show, but there are already alot of screenshots.

17 août 2020

Note

Hey mid august is once again pretty calm but GBPJPY is falling, not very surprised.
I know around where I want to buy.



Not selling an order yet I don't even know exactly where I want to enter and sl, but it will be something like shown.

I will only buy if it comes into my level violently: I only catch falling knives.







It could get there by tomorrow.

18 août 2020

Transaction en cours

Damn I knew it, the bull market is back on USDMXN. Short. Over 5R potential.

20 août 2020

Note

Chained 3 losers in a row trying to short the USD 😂
About 3 weeks ago I also had 3 loss in a row doing the same.

Maybe I should stop at 2 🤔
When it just doesn't want to, it just doesn't want to.

I was convinced gold was in a correction and would not go up and it's exactly what happened, and I still kept shorting. Gold being cashed out has to be pushing the usd up.

A short on the NZD I opened just yesterday has gone absolutely ballistic. Straight up, well technically down. Already at 2ATR, biggest candle in months.
I am at 4R already, if I would close I'd get my money back, trading my pnl, but thankfully my greed for more is greater than my greed to trade my pnl.

What are the odds the nzd just continues past several ATR straight in that direction and closes with a full candle then continues the next day? Pretty low?
It very rarely happens.
Except I did not go short blindly for no reason.
Every time I trade that pair it's an absolute monster move that happens once a year 😂
I love it. Why do I even bother with the rest?

The pair is the GBPNZD, I mention it in updates in this idea back in October 2019.

I am preparing myself to buy the nzd via another pair but I don't want to short the pair made up of the other 2 currencies I have no opinion on it and either direction sounds bad. It's possible it goes down but I'm really just wishful thinking.
So maybe I can eventually buy the nzd on this second pair (it's not where I want it yet), it's going up a bit more slowly than my nzd short.

Difficult questions, of course I could be an absolute moron "just stick to the mecanical ooga booga plan", fail, then sell courses. But one has to have a brain.
Being short and long the same currency literally means having a no position on the nzd and one on another pair, "educators" can come up with all the generic nonsense they want that's how it is, point.

Hopefully by then (by the time I buy the nzd) my nzd short will be approaching resistance, and I know what to do I will tighten my stop, just in case it absolutely explodes.


I am also watching copper, some interactions between CHF JPY GBP. And if gold makes a new low - powerfully - I'll look to zoom in and chase it down.

I completely gave up shorting the usd until there is a major change in context.

It's a pretty active August. Got my hands full.