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  • Steven
  • Apr 27

Straight analysis for a few pairs.


Gbpcad

Key level: 1.8512

Key Idea: bearish daily momentum, pullback into level


Gold

Key Level: (Low4670 & High4730) & 4840

Key Idea: tops at 4840 low chance this week, pressure into the highs/lows of consolidation for trading chances


Eurjpy

Key Level: 186.85

Key Idea: divergent top shorts


Usdjpy

Key Level: 159.45

Key Idea: momentum + satisfactory closes under level = short trade


Chfjpy

Key Level: 202.85

Key Idea: bounce or break were trading the s-wave






  • Steven
  • Apr 24

Wandering through this kingdom of tracking momentum and trading with a little context the shape of the land has taken form and some features can be noted. Certain conditions around 'better' entries and recognizing that our ability to identify better and worse conditions is a form of contextual thinking. The context emerging directly from momentum on the one hand could be a mixing or combining of these opposing perspectives to a degree of embodiment; or that momentum is a form of rotation intrinsically and we're just now being able to see the reality of that. Both these interpretations of course themselves lie on some spectrum of perception and both fully explain the existence of the pattern.


Better entries as mentioned in the video revolve around taking trades against everyone else. The best trades are when you are alone in your position against the crowd. This contrasts with our previously held rule of thumb 'never be in opposition', which was pulled from contextual thinking. When tracking probabilities we never want to oppose them. This idea holds true as the probability scales toward direct momentum. Yet in these areas of support/resistance being in opposition to the crowd is not only the exception its a necessary for finding high quality entries. We are never in opposition to the 'market' or to 'momentum' we're only in opposition to the crowd when we can determine that the whole crowd is in opposition to the market at the wrong times.

Good Trading.

  • Steven
  • Apr 17

I've been trading new my ideas this week. Taking many trades; some good some not so good using the s-wave without context. The transformations of this central pattern evolves across different variables when we're focused on momentum. That is to say so long as we maintain 'momentum' across the transformation then all the possible transformations are valid. The appearance of the pattern is very new and different when stretched in this direction. We contrast this with the s-wave when we maintain the 'probability' across all the transformations. The two directions or dimensions of transformation the s-wave undergoes reflects the perspective we hold or the 'focus' of the pattern (being either focused on momentum or probability).


There is fertile ground here as a large amount of new ideas easily stand out with many possible paths to explore. The widening expanse of possibility to me signals that there is a fundamental truth present somewhere close; underneath or all around us.


Good Trading.

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CONQUEST STRATEGIES

Blog of an Australian Currency Trader, Steven Conquest. 

 Trading Ideas, discussions, setups and strategies are posted weekly.

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