We discuss bitcoin ideas from over the weekend along with our preferred future for this crypto asset. Its too uncertain or 'far' from tradable ideas to say much more than 'wait and see'. The eurusd also has not provided enough information to have us particularly interesting in any trading idea. There has been some progress made towards some possible ideas but only enough to notice its possibility and monitor its development. Lastly the options open to the usd/chf are so strikingly different that favorable conditions can be found here, this rising uncertainty is a favorite situation that when traded correctly often produces very large and very quick moment.
Good Trading.
Continuing the ideas from our last update since noticing these two separate probabilities. It appears to be, as we've concluded today, to be sourced in two different places. One set of probabilities is generated directly from s/r and supply and demand, the other set is measured to be present across a series of waves. These waves themselves may or may not be produced directly from s/r. The kind of predictions we can make from either starting position are quite different. The ways these two different sources interact and interfere with each other becomes an extremely important skill to develop. The possible places we can find alignment is something we're exploring now.
The ways these two probabilities interfere is a phenomena we've already encountered and delt with through other means. That top-down bottom-up distinction captures some large amount of this difference inherently. The differences between momentum and rotation captures some also. Our historic dislike of pending orders can be explained as a consequence of being blind to what we're trading for when we take pending orders and how and why it works. These reasons are quite different to our standard aligned fractal s-wave setups.
Good trading.
Our trade ideas from yesterday worked out as expected; 30 pips on each for $900 and $2400 at current market prices. I would take off 1/3 for a more realistic estimate assuming profit taking. The risk and the different type of position these trades are compared what is considered normal or central to our system was thought through thoroughly today. Another trade idea was shaken out of thin air unexpectedly, which we will update tomorrow.
Good Trading.