and here's my road trading device...
p.s. I'm glad you enjoyed the short from 5692 to 5550
I trail it now,closed half of it,rest @ 1.5565
p.s. I'm glad you enjoyed the short from 5692 to 5550
I trail it now,closed half of it,rest @ 1.5565
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DislikedI don't want to sidetrack the thread so I would appreciate your response here:
http://www.forexfactory.com/showthre...28#post5852928Ignored
Disliked1.0229 is the very best short entry for me as it is the 50% fibo(50% fibo is not an important level in fibo but more a reversal level for traders)
a SL just above 1.0293 would do just fine and this to be on the safe side as it could be placed just above 1.0262 as top kumo on H4
as soon s price will be rejected we'll form a perfect sell cross under cloud that would throw the cad to the bottom @ 1.0055 area
now going to that 1.0055 level(1.0047 is the 61.8 fibo on daily)..it would only be half of the fall as the whole fall...Ignored
Dislikedor double top @ 1.5692?
can we see a 1.5665 first ?
I'd like to see 1.5550 to be honest so I'll load short again now.tight SL just above 1.5735-40Ignored
Disliked1.5635 should limit the dip if we move fast enough before the news.next 25 min should bring it to 1.5665 and from that point either push through or bounce.I say down....but I was wrong many times so this could be just another time.Ignored
Dislikedor double top @ 1.5692?
can we see a 1.5665 first ?
I'd like to see 1.5550 to be honest so I'll load short again now.tight SL just above 1.5735-40Ignored
DislikedAm on iPad now but will post chart later.
DR2 at 1.5688 for 1st short.
WR2 at 1.5702 for 2nd short.
Both with fixed SL of 100pips which I adjust as PA moves in my direction, but never if it moves against me.
Ratio 1:1 at outset.
Different strategies for different traders, so do what works best for you.
Ignored