Trend trading

Quoting irish25

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UsdCad has potential to fall further but that first line of resist at 1.2917 is where I would place my stop couple pips above that {image}

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Quoting irish25

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Fledgling resist has formed above price - support remains underneath price - looking for price to cross below support resetting it to resist - {image}

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Quoting KeenPips

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I think you will likely achieve better results if you use an HTF for directional bias. That's likely to offer you higher profits and better R:Rs. KP

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Quoting irish25

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{quote} If you look at my charts of last week they achieved very good results. There are many ways to play the market I choose buy and sell order analysis, I see you use a few indicators and patterns - I wish you good trading keenpips

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Quoting irish25

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{image} Staying with trend means following the swings. If price is rising the swings will be rising so we only want long trades, when price falls with swings making higher highs and higher lows it is retracing offering an opportunity to enter long or increase ones position. Stops are always the previous swing low as we do not expect them to be crossed by price. Alternatively if the swings are falling, lower highs and lower lows then we only want short trades, prices rising when the swings are falling means it is retracing and an opportunity to enter...

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Quoting irish25

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Usdjpy has closed above last down bar I would expect a challenge on swing high. If it breaks swing high then 109.27 {image}

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