Cryptocappster

Cryptocappster

Good day everyone, One of the earliest mistakes I ever made as a Forex trader is looking for trades around 5pm NY time. If any new traders are reading this, the only times you really need to look for trades is between 2am and 12pm NY time. Trying to trade when the new day starts which is 17:00 aka 5pm NY, is one of the easiest mistakes to avoid making. The...

Cryptocappster Updated 

CAD has a positional power ranking of -5.5 so I will be looking for possible shorts going into NY. Keeping a close eye on CADJPY, EURCAD, and GBPCAD. There is a rate announcement for EUR @ 815am NY so things can get really wonky there so have to be mindful of that. Not sure I'll trade the news or not as it depends on what I see the moments leading up to it. If...

Cryptocappster Updated 

Dollar is looking like a wounded animal this premarket morning. I'd like to see a pullback with an entry signal which for me is a crossing of the orange and red lines on the screen. Possibly a long AUDUSD pairing (technically shorting the dollar) since AUD is a +6 and USD is a -7 in my power rankings.

Cryptocappster Updated 

AUD has a +6 power rating today so I will be looking to go long if an opportunity presents itself. Everyone says trade the trend, but these early trend days are hard to trade as the price has already moved a lot. I only trade with flow and the strongest flows don't usually pullback a lot. It's either going to continue gaining strength, go sideways, or reverse. ...

Cryptocappster Updated 

EURCAD, EURNZD, and EURCHF have my attention premarket. EUR has a +4 strength going into market open so I wait to see if an entry signal appears. Look at the structure and flow to determine weakest links which so far are the currency pairs listed.

Cryptocappster Updated 

Longing EURUSD to equal highs if it can get there.

Cryptocappster Updated 

GBPUSD and GBPCHF are presenting themselves for a possible long situation. Structure is correct and GBP has strength as of 7:42am NY. If the opportunity presents itself, I will be going long upon my entry signal. Always remember things can change during the session and the pre-session setups can invalidate themselves. Have to be nimble and quick in these markets.

Cryptocappster Updated 

EURCHF long for 30 pips. Structure is correct so I took the trade.

Cryptocappster

Weekend review time for me. I don't really have much of a life outside of trading so here I am on a nice, bright, Saturday morning in Virginia reviewing Friday's trading opportunities on the NZD grouping. Now, if you aren't working the weekends, studying your booty off, preparing for the upcoming trading week, just know people like me are here outworking you...

Cryptocappster Updated 

USDJPY long. Higher risk than my usual trades, but it is still in my trading window. Going for 30 pips. As you can see, I was already stopped out of this one once right after missing my TP by a smidge.

Cryptocappster

As I look at the price move that just smoked my USDJPY position, I am looking at the other JPY trades I took today so I don't feel as bad lol. Seriously though, you can see how the other JPY pairs moved early and when it came time for reversal/pullback, it was the fastest one to dumpster dive. The JPY group also illustrates why I target 30 pips per trade. If...

Cryptocappster

I feel talkative today so I want to piggyback on the last example I shared. If there are two pieces of advice that I could offer to others with regards to trading it would be: 1. Only trade NY 2. Use correlation to find the strongest/weakest flows Look at the chart and you will see all the major GBP crosses. Look a at the yellow and pink lines both the solid...

Cryptocappster

Nothing fancy to see here. Just finding the flow in NY and executing the trade without hesitation. It is tempting to trade all day, but I've found out that just trading NY will give me all the pips I need for the day with a lot less frustration. As you can see, the trade went a lot further than my 30 pip target and I am okay with that. Too many times I've let...