By Jen Albrecht
Day one posts here;
A life lit up by Wall St
The only money the markets can take from you, is money you allow it to
Trading around your lifestyle
Today was a busy entrepreneurial day for me outside the financial markets so I am only looking at 2 trades based off off Ichimoku. I recently fell in love with a few Ichimoku strategies that after doing market analysis hold up very well. When I know I don't have a lot of time to trade for a day or even look at charts I usually lean on Ichimoku or even Heiken Ashi for sold set ups that don't require too much analysis.
First is...
USDCAD - 4H - SELL between 1.3833 (support) & 1.3770 (resistance) - there is also a failed 38% fib level between the 2 that I have placed my future price path at. I will be looking to take roughly 25 - 40 pips on this trade. I will scale into these trades accordingly in 2 positions because I plan to take these trades backed up against heavy resistance I am not concerned with too high of a draw down factor.
USDCAD
Second runner up...
NZDUSD - 4H - BUY zone of .6620s as there is a level of support, 38% and the TL as well. I will be looking to take roughly 25-35 pips on this trade. I will scale into these trades accordingly in 2-3 positions as the TL support is a good 40 or so pips away.
NZDUSD
These are my setups for the day, as I won't completely be watching them, if they do not pan out semi- exactly I will not engage them. Remember, you do not need to be trading everyday and the awesome thing about our field is that we can trade around our lifestlye.
Im curious what "default" trading setups you guys refer to when you don't have all the time in the world to analysize charts?
Tomorrow I will be able to come with a few more set ups as my day will be clear. Enjoy & happy pip hunting!
