(pun intended) - Mods please leave my sense of humour independently. I am not illiterate.
It is reasonable to say that my subject is less than perfect. I am capable of seeing a good entry and acting on it but I always seem to mess up myself.
I've decided on a new course of action. I only trade weekly charts, assess the charts near the end of the afternoon on a Friday and I don't even open the trading platform the rest of the week (maybe even a sneaky glimpse ).
I will post the simple installation, entry and exit rules as I go along but for now here are just two transactions I've taken today.
UsdSgd posted a spinning shirt last week and held below the primary 1.38 level. The upward trendline at the bottom of the chart is only a tentative trendline attracted to alert the possibility of support however, it doesn't look too strong. On balance I feel there's just another negative week in store to get this particular pair.
That is a nice pin on NzdUsd. A decline to 0.68 looks clearly possible.