hi guys.
just wondering.would this be a valid entry? ..please see chart for reference..thank you.
just wondering.would this be a valid entry? ..please see chart for reference..thank you.
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QuoteDislikedhi guys.
just wondering.would this be a valid entry? ..please see chart for reference..thank you.
Dislikedhi guys.
just wondering.would this be a valid entry? ..please see chart for reference..thank you.Ignored
DislikedTraders,
I lost 41 pips in USDCAD trading today.
First i checked at 4H and looked down to 1H, and i saw a chance to trade.
I though it will retrace at 61.8%
But actually i lost it, coz i place SL 40 pips here.
Attached here my fibo retrace set-up at MT4 and Marketiva result.
Plz traders give comments for next learning for me. I'm new here and just following Dra thread here for learning. Last days i took profit with this system, but today is not my lucky. I hate this day, so i have to learn again to start this trading again.Ignored
DislikedYou took a bullish engulfing that was part of consolidation...in other word that formation had no meaning...what you had as a trade was a break of consolidation. Also remeber the formations are supposed to be taken from the 4 hour charts. And your fibb is fine you grabbed a larger tear of supportIgnored