- Steven
- Jan 26
US Dollar needs to bounce and produce a set of lows on the index, which will provide relevant information for most dollar crosses this week. I am most interested in the usd/jpy followed by the usd/chf pairs to take shorts. Of course this is before having seen the bounce. If we don't find support there are no positions open to us.
As said in the analysis I would look and I will be looking at many crosses this week for opportunities as the dollar seems to have some longer term agenda that might take a week or so to fully develop.
Good Trading.
- Steven
- Jan 23
I wanted to approach price from a more detailed angle looking at candles closely and building a picture from the ground up. My preference for patterns is too strong and we wandered down some different corner of our system today. The walk was not pointless, in fact many ideas and assumptions that I use became more conscious to me. Now looking back I can see more clearly how my intuition was working on building and defining various structures used in our strategy. Namely the s-wave, anchor points, divergent doubles, impulse waves and impetus waves.
Good Trading.
- Steven
- Jan 20
Today we take another walk down abstraction lane discussing how we can apply our set of rules to candle closes not just waves to organise price into some understanding. The products of such analysis are much more relative and subjective but still very capable of slowly winding their way into some logical position.
The terms and ideas we've been using have been increasing in precision the last few weeks. This is the strange effectiveness of logos. Simply converting the ideas and expressing them in words reveals the spaces and inaccuracies very clearly. Often these errors are very easy to fix as all the difficulty was in recognising them in the first place, not in solving them. In a few days I will post a terminology video that directly outlines the cornerstone ideas used in my strategy.
Good Trading.