South Winds, Red Skies & Clouds in the West

[expiated]

Tuesday Morning / January 28, 2020 / 2:20 AM PST

At 73.73 AUDJPY has reached a key resistance level. So be prepared to enter a short position when you get the go ahead signal, with 73.62 as a conservative take-profit target and 73.50 as a more ambitious choice.

At 71.41 NZDJPY has reached a key resistance level. So be prepared to enter a short position when you get the go ahead signal, with 71.29 as a conservative take-profit target and 71.18 as a more ambitious choice.

It took AUDJPY and NZDJPY approximately two to two-and-a-half hours to hit their more ambitious take-profit targets and about three to three-and-a-half hours to register actual exit signals, which did not occur until somewhere in the neighborhood of 73.40 for the former and 71.03 for the latter.

 

[expiated]

Tuesday Morning / January 28, 2020 / 2:45 AM PST

If USDCHF intends to maintain its bullish day-to-day bias, now (0.9688) would be a good time for it to start heading north, seeing as how I have all kinds of statistical support levels registering anywhere from 0.9671 to 0.9680 to 0.9688. (Presently, the pair has formed two consecutive red daily candlesticks.)

My 60-minute charts have not yet triggered a trade signal, but my five-minute chart just did. So I am going to go long now. I'm going to use a relatively conservative take-profit target of 0.9699. (The more ambitious target is at 0.9715.)

 

[expiated]

Tuesday Morning / January 28, 2020 / 11:15 AM PST

I am going to go long USDCHF now. I'm going to use a relatively conservative take-profit target of 0.9699. (The more ambitious target is at 0.9715.)

Results thus far suggest I should usually go with my more ambitious take-profit target, or perhaps even add ten pips on top of that. It took USDCHF about an hour to hit my conservative target and two hours to hit the more ambitious one.

I am, as of this moment, now 100% into what I hope and believe to be the final iteration of Numerical Price Prediction (NPP)—the Shoreline Touch Strategy—with the last open positions remaining from previous techniques having been exited as recorded below...

 

[expiated]

I would have expected USDCAD to reverse north this morning at 1.3177, but it did not. Yet USDCHF worked out for me perfectly last night. I therefore reintroduced a moving average cluster I deleted previously that would have kept me out of the USDCAD trade and compared it with USDCHF. It would have still gotten me into the USDCHF trade, but with a bit of a delay. (FOR NOW, DUB THIS VALIDATION SIGNAL "THE PURPLE CLUSTER.") Also, using my USDCHF stop loss on USDCAD this morning would have place it at 1.3163, which the pair has not yet reached, so the asset might still reverse direction north before then and climb for what would have been a successful trade after all.

 

[expiated]

Tuesday / January 27, 2020

AUDJPY "wrong" colored candlestick
AUDUSD
CADJPY "wrong" colored candlestick
EURJPY "wrong" colored candlestick
EURUSD
GBPJPY
GBPUSD
NZDJPY "wrong" colored candlestick
NZDUSD
USDJPY "wrong" colored candlestick

EURAUD
EURGBP
USDCAD "wrong" colored candlestick
USDCHF

(Use arrows on your five-minute chart setup to indicate the direction of the day-to-day trend, and double arrows to indicate when the daily candlestick is "mis-colored." Also, plot a dynamic horizontal line at the same level as the shoreline launch pad, which is where you should also plot the aforementioned arrows.)

 

[expiated]

Wednesday / January 29, 2020 / 8:00 AM PST

EURGBP eventually turned around and headed north, but not before stopping me out to hand me my first loss since finalizing my Shoreline Touch strategy...

Between this and two or three other additional journals, EliteTrader has provided me with a convenient place to record my thoughts so that I have now established a routine that, as a whole, is organized enough for me to continue it in just one file on my own personal laptop.

So unless I decide to trade via NADEX (which is still a possibility given how today's success trading at-the-money contracts is illustrating how just one trade there can net more than I can earn trading six days via OANDA) there is no more reason for me to add to my threads here at ET...

I originally hoped others might help me get to this point, but for the most part, folks mainly tried to convince me I had no idea what I was doing, with notable exceptions of course such as .signa, IAlwaysWin, Turveyd and a couple of others. But no matter. As stated in Romans 8:31...

"What then shall we say to these things? If God is for us, who is against us?"