Trade the plan

Quoting Bullseye Jem

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Okay, does this chart get anyone as excited as me? GBPCAD - Uptrend Analysis - This uptrend has gone as far back as 2 1/2 years since Aug 2013. Plan - I am so willing to put a long position trade on this one. {image}

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Quoting Bullseye Jem

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{quote} GBPCAD has since breached the trendline support and is now on a downtrend. U would be able to see i have put in a few short trades. {image}

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Quoting skfx

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{quote} Hi Jem. As you reached out to me privately asking for me to reply here to your thread, i will briefly do so. Just a few things to think about. Are you monitoring/tracking 'Brexit' developments and BOE? Are you monitoring/tracking OIL market developments and BOC? If you are trading the GBPCAD cross rate then it is advisable to do so! Also a question... In post 14 on Feb 18, 2016 6:15pm, you mentioned you were "so willing to put a long position trade on here"...Did you? If you didn't, why not? http://www.forexfactory.com/showthre...75#post8762775...

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Quoting Bullseye Jem

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{quote} Hey Stephen, thanks a million for dropping by mate! Much appreciated. Well, i would have kept going long as much as the trendline was respected but as per my latest update reflecting that the trendline has been breached, i have actually put in a few short trades. Yes while i do note that the fundamentals right now include Brexit risks and that the oil madness might have bottomed out, i am essentially still a swing technical trader. I trade what my technical analysis tells me now. If sentiment on the D1 changes, i would change that execution...

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