Another option might be to move my operations overseas (out of the USA) and have my folks generate a living income from mimicking my moves via Binary.com—the only binary options outfit I know of with which I might be willing to do business. (I don’t trust any of the rest except NADEX, but I find their platform to be subpar and their bid/ask risk-to-reward structure to be totally unacceptable.)
If nothing changes over the next day or two, I’ll consider myself finished with this second set of re-calibrations, as well as with having put my “four aspects theory” to the test, and try to again focus more of my attention on non-trading threads.
I have a question for you bro… You want to go for, like, 10 pips profit sometimes if possible. Now, in glancing at this EURUSD one-hour chart, it’s clear that the gist of where the pair is going right now—its overall directional tendency—is bullish. So ideally, you’d like to see the intraday trend turn south so that you could then enter a long position when it reverses north once again... However, if you look at what happened yesterday, the pair did that (reversed north) in a single hour—in one fell swoop! You don’t have any kind of moving average that can pick that up bro, so how you gonna deal with this kind of thing? Well, check it out... Note on the five-minute chart that if you’re waiting for a rate to return north, you can enter positions on downward spikes. Then, even if the pair doesn’t actually turn north, you can pick up a few pips profit each time it runs into resistance. And then when it DOES finally execute a bona fide reversal (if ever) you will be there to cash in on the surge if that’s the way it goes about it. And if you’re waiting for a rate to fall, you can do the opposite. USDJPY and USDCAD are bearish, but just barely, so should they appear to reach exhaustion with respect to their southbound trajectories, be prepared to pick up a few pips profit when and if they turn north. (USDCHF’s bearish sentiment is too strong to do the same with this pair. Better you should wait for any turn north to resume a southward leg and then enter a short position at that time.) But the main thing you should probably be waiting for is AUDJPY, AUDUSD, EURJPY, EURUSD and GBPUSD to come down so you can buy them when and if they start to rise once more.
After coming down the above assets opted to continue south rather than rise once again. These pairs are on a bearish day-to-day trajectory, but so far, today’s candlesticks are green: EURGBP USDCHF These pairs are on a bullish day-to-day trajectory, but so far, today’s candlesticks are red: GBPUSD GBPJPY So, if any of them should reverse direction, the amount of potential room available for racking up profit should be significant.
Saturday, July 11, 2020 From my perspective, most of the major pairs are not evidencing very impressive day-to-day trends. It seems to me that my best hope of catching a relatively big move (for me) is to buy GBPUSD if and when it bounces north again (as it did on Friday), or to sell USDCHF if it opts to continue heading south...
These four assets are presently "going against the grain" if you would. So, should any of them opt to reverse direction, I hope to buy EURAUD, and/or sell GBPUSD, NZDJPY and/or NZDUSD...