Sunday, April 22, 2018

USDJPY market analysis and prep

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Reviewing where USDJPY is at this Sunday evening.

The trend on the 4 hour timeframe (H4) is showing higher highs and higher lows.



The price on the 15 minute timeframe is compressed into a small range.

Bias is long but I need a confirming break out to get involved.

No imminent news coming (according to Forex Factory)

Saturday, April 21, 2018

Accepting Randomness (aka Losing is Winning!)

Losing trades are a natural part of my trading plan.  I find it easy to lose this perspective when I am in a trade or immediately after the stop is hit.

Why did the transaction not work?

Was there something I missed in the analysis or preparation?

The truth is the losing trade is most often simply just a losing trade.  I've had them before and will have them again.

Thursday, April 19, 2018

USDCAD in a tight consolidation range

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

USDCAD is trading in a tight consolidation range ahead of C$ news tomorrow.  Looking for a breakout long of this range?



The hourly timeframe shows a similar situation:


News usually comes with a whipsaw.  May be worthwhile waiting until after the initial move and participating afterwards.