Turning Downtime into a Finance Side Hustle
Looking out my hotel window at Times Square, I can see the city is taking a breather this morning. It’s Monday, February 20th, and the usual stream of yellow cabs is just a trickle. The streets below are quiet. With U.S. markets closed for the holiday, the usual financial buzz is on pause, even as the rest of the world keeps trading.
My personal rule is simple: I don’t trade the major pairs when the U.S. markets are offline. I’m here for the International Traders Expo later, so I’m not planning to be glued to my laptop all day. Still, this downtime is perfect for a quick scan of the daily charts. It’s a habit that proves you can always find a few minutes for a , even on a packed day. Because the American markets are closed, I’ll skip the commodity futures and stock charts for now.
Right away, the USD/CHF pair catches my eye. The chart shows "the Wave" indicator moving in a strong upward direction, pointing somewhere between twelve and two o’clock. This signals a potential opportunity. I'm looking for a slight dip back to the top line of the Wave, which would set up a nice entry to buy just above the 1.3000 mark—a key psychological level for traders. Managing is often about finding these clear, high-probability setups.
While a move like that isn’t guaranteed today, I’m putting in a proactive order just in case. I’ve set a conditional buy limit at 1.3005. To manage my risk, the stop-loss is placed at the middle line of the Wave, which currently sits at 1.2952. This is a core part of running a sustainable ; you have to protect your capital.
The best part about this strategy is that it doesn’t require constant monitoring. Each day, I’ll just take a moment to edit the order based on the new positions of the Wave’s top and middle lines. My trading platform makes this easy, and I'll keep this plan in place as long as the Wave maintains its upward momentum. It's an efficient approach that makes a manageable.
With some extra time on my hands today, I also decided to start something new. I’ve been following a few blogs online and really enjoy the commentary, so I’ve launched my own at www.ragheehorner.com. I see it as a new where I can share market insights and articles. I'm turning this into a new venture, basically , and I’m excited to make it interactive. I hope to see you there. For me, is not just about the trades, but also about sharing the journey.
