DislikedDear CrudeCraig
Would you be so kind to discuss the USDCAD down move, and at which point you initiated your trade?
I have been looking to Short it too, but hadn't had the chance to do so since 2days back retest of 1.35 area.
Are you in since the 07 june doji?
..always a pleasure to read you posts
RIgnored
Would you be so kind to discuss the USDCAD down move, and at which point you initiated your trade?
I initiated a LONG position on the 14th of June above the hammer. At the time it looked like an excellent trade on the worker because of the location of the hammer being in the 1.0300 area. I knew that this trade was a higher risk trade because of the Boss candle the previous week was a BEEB and i was trading into it BUT i took it anyways and accepted the added risk. As you can see the trade did not develop and i was stopped our for a 1R loss. The lesson here is to understand how strong the trend is and that we must trade in the direction of the boss and big boss.
Are you in since the 07 june doji?
No i did not take any short positions off of the doji.