USD:CHF has moved itself back onto my radar taking no.1 slot on my watchlist!
No guarantee of this yielding a short entry but I'd rather post it ahead of an entry than after a potential move has already started.
4 hourly hit resistance today, but what I really liked about it was
As we are still in a situation where there remains a lack of very high probability trades that are both ripe and imminent, I'm going to run through the main part of my watchlist showing what I'm looking at right now, why I'm looking at it, and detailing in pictures the simplicity of the type of trading set-ups I trade.
The idea behind the trade-able technical set-ups worthy of posting on the blog is literally to publish the best of the best ensuring that every trade taken has the highest probability of delivering good solid results with little in the way of risk. I think the set-ups detailed since blog inception demonstrate this very well having had only 1 losing trade in almost 3 Months worth of analysis.
It's been a manic week in the markets and a quiet week on the blog, so why's that?
Well, day trades aside I've been sitting on my hands because all open positions were performing without the need for attention and there's presently nothing new on the watchlist.
Approximately 18 Months ago I projected a USD CAD low in the region of 0.9400 - 0.9460This low was subsequently achieved earlier this year but this came without any real capitulation which kept me out of the long entry I'd waited so long for. Neither did my generally reliable system give a long signal on the rise from that low, so I post this analysis with relative caution.