As for this...
And would you have been surprised if it dropped another 80 pips? Nothing suprises me much anymore concerning the markets. You just gotta try to minimize your risk when entering, and maximize your gain when you're right. Start small, add size at a "patient" time when proven right. Don't get over-leveraged.
That's the easy part. Of course, we'd all like to pick the exact top and bottom everytime, and many times this can happen, but doing it every time is not necessary or likely no matter how good you become.
I've looked at your chart and I see the fractals and probably some time lines you got from astro. Sometimes the lines work, sometimes they don't as far as price reacting to them. How do you know which one will the THE ONE? The time element: I see you only have a few lines. Are these the only timelines you use for this pair? If not, why did you deem these to be so important? I know there's a hundred and one ways to get other timelines from astro, so why these? I mean, I could understand how to use them if there were only a couple that needed to be watched. You've got one line in the future in that chart, what do you expect will happen at that point? A reversal if it's happens to be converging with a price-line? And how big a reversal/continuation?
Finally, have you ever went on a daily chart, set-up a random fractal that is taken from from ANYWHERE, projected the same lines you're using in the chart you posted, and looked at how there will be many spots where price "reacts" to these random lines? If you draw enough lines you will see reactions all over the place, both in price and time.
I am not trying to discredit you in any way. This is just my take on charts like these and I do realize that maybe other people can make "cents" out of it all. You're long USDCAD and seem pretty sure it's going up, as do I. Whatever led you to that conclusion has the thumbs up from me.
Respect.
well not sure about you BUT where we went and why we stopped was no big suprise to me,
And would you have been surprised if it dropped another 80 pips? Nothing suprises me much anymore concerning the markets. You just gotta try to minimize your risk when entering, and maximize your gain when you're right. Start small, add size at a "patient" time when proven right. Don't get over-leveraged.
That's the easy part. Of course, we'd all like to pick the exact top and bottom everytime, and many times this can happen, but doing it every time is not necessary or likely no matter how good you become.
I've looked at your chart and I see the fractals and probably some time lines you got from astro. Sometimes the lines work, sometimes they don't as far as price reacting to them. How do you know which one will the THE ONE? The time element: I see you only have a few lines. Are these the only timelines you use for this pair? If not, why did you deem these to be so important? I know there's a hundred and one ways to get other timelines from astro, so why these? I mean, I could understand how to use them if there were only a couple that needed to be watched. You've got one line in the future in that chart, what do you expect will happen at that point? A reversal if it's happens to be converging with a price-line? And how big a reversal/continuation?
Finally, have you ever went on a daily chart, set-up a random fractal that is taken from from ANYWHERE, projected the same lines you're using in the chart you posted, and looked at how there will be many spots where price "reacts" to these random lines? If you draw enough lines you will see reactions all over the place, both in price and time.
I am not trying to discredit you in any way. This is just my take on charts like these and I do realize that maybe other people can make "cents" out of it all. You're long USDCAD and seem pretty sure it's going up, as do I. Whatever led you to that conclusion has the thumbs up from me.
Respect.
