The markets continue to be indecisive! As signals are generated for TJ’s, it seems to be where the market stalls and goes flat whilst it waits for it’s directions to be given. These flat points are generating poor/false signals even though the criteria is correct. This is where market fundamentals and sentiments come into play to understand whats going on…
So, my AUDUSD wasn’t triggered (although a further TJ signal was formed just after). My GBPUSD was triggered by a spike which rapidly dropped again straight through my SL and the market continued to be flat-ish.
RP’s on the other hand are managing to keep me in profit at the moment. EURJPY went against me, but I still have the following pairs open:
- AUDJPY short (locked in profit)
- AUDUSD short (locked in profit)
- EURAUD short (locked in profit)
- USDNOK long
Forex is frustrating!
Crypto’s is… yeah, also frustrating!
I’m still sat on the sidelines waiting for Bitcoin value to drop further. According to my Mentor, this could go on until mid-April! That’s really testing my patience, especially as we are seeing recent BTC value rises again (don’t worry Mark, this is just a bear trap and it’ll fall again!)
The thoughts are we could see a Market Cap rise to about $400b before falling again. Right now we sit at £346b, up from $325b at the start of the day.
We will have more news on what’s to come after tomorrow’s webinar with the group mentor giving us the opportunity to ask questions and find out the thoughts of the more knowledgeable.
A boring disclaimer… coz I don’t wanna be sued and stuff!
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