CADJPY - The Trading Thought Process

10 mag 2020

Trading made simple with just the APE framework. Analyse the market movement, listen to what the candle is trying to tell you; Plan for your trade or I like to say your attack, which trading strategy to use, trading with the market direction or against it; Execute the trade, hit the button and follow your rules, unless you have a trade management system in place, leave the trade alone.

On the 1-hourly chart, it's like the Hollywood movie, I'm waiting for a retracement near the bottom of the buy zone(blue box), then once the candle pattern has confirmed, I will engage for a buying opportunity.

Target1 to the most recent high before the retracement and Target2 I am just going to stretch a bit towards the bearish shark entry on the 4-hourly chart. Check out my video to see that.