what pairs are you watching this week and whats the actual reasoning
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lets make this a recurring habit. not signals, just what you personally are watching this week and the reasoning behind it, so we can compare reads and learn how others frame the week. ill start, im watching the dollar pairs into the data later in the week and staying flat on anything without a clean level. what are you on and why?
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im watching the higher-timeframe levels on the majors and largely sitting on my hands until price reaches one. my reasoning is that mid-range is noise for my style, i only get paid at the edges. so my honest watchlist this week is two levels, and if price doesnt come to them i do nothing. half of what watching means for me is defining where i wont act.
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defining where you wont act is the underrated half of a watchlist. ive got a couple of pairs sitting in the middle of their range that im explicitly ignoring this week, because forcing a trade in no-mans-land is how i givve back gains. watching with the discipline to not trade is the skill, not just spotting opportunities.
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as a beginner how do i build a watchlist without just copying what experienced people here are watching, i dont yet trust my own read?
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build it from your own one setup, not from our reads. go through the pairs you know and mark only the ones approaching your specific setup condition. it doesnt matter if its different from ours, what matters is that you can state why each one is on your list in terms of your own rules. copying our watchlist teaches you nothing, building a small one from your own criteria, even imperfectly, builds the actual skill.
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fair hit, and the fix is to make it accountable: people should come back at the end of the week and say how their read played out,including the misses. i will, ill report whether my two levels even got hit and what i did. a watchlist thread is only useful if the follow-up happens. lets make returning to mark the result part of the format, not just the confident monday post.
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seconding the come-back-and-report rule. it turns a vibe thread into a learning one and naturally filters out the people who only enjoy the prediction part. ill post my follow-up friday too, hit or miss. accountability is what separates this from the analysis theatre the troll described.
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friday follow-up as promised: one of my two levels got hit and gave a clean reaction i took, the other never came and i did nothing, correctly. net a calm, boring week which is exactly what i want. the value wasnt the prediction, it was having pre-defined where id act and then actually respecting it. reporting back so the thread stays honest.
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love that people actually returned with results
most market-watch threads die after monday. this format where you report back hit or miss is genuinely useful, in for next week. -
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