Thoughts on trading and an investigation into a possible AUDJPY long setup

August 2, 2023

One may want to prove oneself but the price does not care. A trader has to flow with the price, otherwise the price will flow with the trader. Flow means understanding, the skill of building a narrative, presence and focus to execute with flexibility.

For many reasons, posting trades could be very dangerous, in fact I do not like to do so. But I also do not like this first page being empty, so I am gonna post a series of charts on AUDJPY that for now I think looks good for a long trade. But lets investigate step by step and let me walk you through how a narrative is being built for a trade.

When I trade, I do so intra-day and I very much focus on watching what marks the price leaves on the charts. Turnarounds are capitalized, even if they provide few pips only. TFs are checked are from M1 to the Monthly but intra-day trades are being monitored on M1 to H4 TFs.

This picture above shows where we are right now.