Discretionary vs Mechanical / Rules Based Trading

Discretionary Trading vs Mechanical / Rules Based Trading Contents: Definition of Discretionary Trading Definition of Mechanical / Rule Based Trading Difference between Discretionary & Rule Based Trading Which is better: Discretionary or Rules Based trading? Can I make money using only Rules Based Trading? Pros and Cons of Discretionary and Rules Based Trading Being a… Continue reading Discretionary vs Mechanical / Rules Based Trading

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NZDUSD – January 24th 2022

https://youtu.be/tRVokVI1joE RESULT – Neutral.  The move happened without the pullback i was looking for to enter.    There could be possible buy opportunities now as the price is near the bottom of the range now (D1).

GBPJPY – January 21 2022

https://youtu.be/XIy_OG2xPzw Update/Follow Up: https://youtu.be/C0PARiAIPy0 (Telegram update) Rejected: UPDATE 2 – BOE rate hike (Thursday Feb 4th 22). 

CADCHF – January 14th 2022

https://youtu.be/al5353GrlYA RESULT   UPDATE/FOLLOW UP: The price made a move higher closer to the swing high. If you managed to catch any of it well done.  What’s next? Consolidation/Triangle or ABC In my opinion a consolidation pattern is much more likely to happen now rather than ABC. In any case I’m following both scenarios. UPDATE/FOLLOW… Continue reading CADCHF – January 14th 2022