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Steven
Jul 25

We filtered charts to find only opportunities currently evolving or very soon to be. Some time was taken to sort through all the pairs so much of the video is quiet analysis. In the end we found a trade idea and extracted some pips from price action. Momentum, volatility, acceleration/deceleration, support/resistance & supply/demand are used in combination to carefully walk along that edge defined in our system. The gbp/aud trades yielded a total of $600 for the day; a rather small and unimpressive amount. Yet the types of decisions; the weighing of risk, the quick abandonment of all the ideas we invested time and effort into producing for better ones are a category of skill that will generate $6000 or $60,000 just as easily as we generated $600 today. The only two factors between smaller and larger amounts is the stability of character when increasing trade sizes; can we maintain pure objectivity risking so much equity? And the total size of our account; how much does a loss hurt my balance?


Good Trading.




Some analysis for the Aud/cad, Gbp/nzd, Gbp/jpy and Gbp/chf for tomorrow. Two live trades were placed during the recording, partial profits taken on both for 600$ total. Both have been covered and left open for the night on Xau/usd and Gbp/aud. The Gbp/aud trade was taken rather intuitively. Reasons only discovered after we were in a position, which I do not recommend anyone doing before some consistency across a year trading one single strategy.


Good Trading.


Continuing the ideas today we find ourselves back to our fractals. The s-wave was the first representation of a fractal pattern that we've since uncovered all if not most of the fundamental components of it. Reasoning from our fundamentals we arrive back here at our fractals with some company; other fractals exist and work equally well. It is knowable how and why all slightly different versions might be better or worse. Previously recognizing such a pattern was present which also reliably led us to desired outcomes was like jumping over rocks we couldn't see; even if we knew where the rocks must be. Perhaps here we can finally admit to ourselves that we have proven and verified our intuition from several years ago, and that the steps moving forward from here perhaps will be taken at a faster pace and with much more certainty and confidence than till now. Proving such a pattern and describing it entirely confirms to us the intrinsic accuracy and truth of our vision. Having proven such patterns, we're free to use and apply them to all future visions without the exhausting burden of proof.


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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