DislikedHayseed, I am looking at your pending orders, and I see your greatest Marty pending for AUDCAD at .9537. Looking at how the ZZs are shaping up, do you still feel bearish on this pair to average up that way? Weekly looking bullish above ATR, and structure along the ZZ bullish as well. I am just curious what about your rules is keeping you bearish here. No criticisms, just wanting to know the justification to enter those pending Sell Limit orders!Ignored
hey tc..... the audcad is currently by my standards a sell only pair....... this means, any and every sell , with proper lot size, is expected to win.....
yes, the zigzag's will one day launch a counter trend coup, but today is not that day......
from the top down,
on the monthly, the price is below the ichi cloud, the alligator is falling, the tsr and alma are both falling......
exact same for the weekly......
the daily is a jumbled up mess which says ranging.....
this brings us to the 240...... the last (12,5,3) leg was up......
so we have a 240 up leg in a down trend..... this implies the next leg should be down..... of the trades you mentioned , the highest would have probably near the last daily zz high..... odds of it being filled were nearly 0......
it's not so much that i'm bearish as it is my focus is on selling that 240 up leg in a downtrend.....
i'll explain better this weekend.....h
//-----
to trade and code, keep both simple... no call to impress....h