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I'm looking at my Chart and it looks like we touched a low that we have no seen because july 08. Does anyone have some ideas on is to risky or the best way to trade this setup? Looks like strong support at the 1.0062 level. Can it be unwise if this level breaks to short this?
Any thoughts?
Thanks
Most state UC will go up.
That means it's going to return. :-D
Sometimes even with long trading expertise or generally reliable fundamental/technical evaluation, one ends up with a losing transaction.
[quote=raklian;10630820] Sometimes
correct, that's trading
[quote=Squiggles;10630828]I lose the majority of the time but I wind up on top at the end of every quarter. It used to hurt like hell but I've become desensitized to it. Thinking long term (we're talking a few quarters or months) when it comes to profitability can be extremely beneficial.Quote:
Originally Posted by ;
Taking a long-tern perspective when trading success is beneficial. It participating in trading customs, anxiety and reduces anxiety. It enables the trader to concentrate on areas they can improve on in order to become better and successful in trading.
Trade thrive and safe.
KP
[quote=raklian;10630833]Quote:
Originally Posted by ;
Here Is a technical Standpoint on the USDCAD.
On the daily time frame, it is apparent from May 2017, cost action has formed three spontaneous price waves southward using two corresponding corrective waves. The third corrective wave started in September 2017 and formed a wedge pattern (bound in magenta colored lines). This wedge was busted southward by price action but we might see a retracement in an effort to retest the broken support channel line and flip it to resistance before a southward moves increases momentum. It is possible that cost action may turn around before reaching the broken channel support as the 1.26320 place could function as a resistance zone, albeit a little one. Nonetheless, a southward turnaround from an upward retracement is very likely to expose the 1.21570 handle.
I might be wrong. Trade safe and prosper.
KP
https://forexintuitive.com/attachments/1517912035.jpg
1.2500 can be the key plogical level on the downside.
I think that it will bounce back up at 1.2400 on Friday, january 5.
How do you feel this will happen on 5th? Any supporting informationQuote:
Originally Posted by ;
H1 Typical impulse wave call from 12th December top, thanks for completion near 1.2470, putting up for medium-term longs.
https://forexintuitive.com/attachments/1517912038.jpg
I think there is some potential here for the couple to slow its sell-off or retrace a little bit.
https://forexintuitive.com/attachments/1517912042.jpg
He is probably using this new indiorQuote:
Originally Posted by ;
https://forexintuitive.com/attachments/1517912049.jpg
) Small longs at 1.2531. I'm still keen to take a opportunity and this current market cans move, although Trade is light. After long decrease that was relentless there is guaranteed to be profit taking soon. https://forexintuitive.com/attachments/1517912052.jpg
50 a lot would have no impact on price.Quote:
Originally Posted by ;
OMG!! That's a good indior, but even better if combined with this! https://forexintuitive.com/attachments/1517912023.jpgQuote:
Originally Posted by ;
TOTALLY MAXIMIZED WITH MAGIC 8 BALL!!!!
Please note that is a MAGIC coin. Not your ordinary coin. Must be blessed by the garden gnomes, trust me, it's a lengthy service.
Pair produced a brand new low. I wonder if this is the bottom.
mirror image ? https://forexintuitive.com/attachments/1517912057.jpg
Hello mates !
I just want to share some information about forex trading please don't ignore this post I will not be advertising any indior, robot or forex plan. I think you are all as my mates and I want you to share some truth about forex trading, so lets start. I am a 22 years old performing MBA in finance and running my own business successfully.
From years I have been listening about forex trading and its own wonder earnings, becoming rich in hours and tales, I never believed about that but at about 4 weeks back, I decided to dig it. I opened directly a real account with a favorite broker (I cant provide name). Account opened directly b'cos I know that there would be difference between demo and actual account. I started trading with that using indiors only , I started gaining loss in this manner that when I sell/buy a pair (lot dimensions 0.01) it starts becoming minus speedly such as -0.25, -0.30, -0.50, -0.80 -1.50, -2.70. . .and so on.
I presumed that this is a cleverness and fraud of the broker and I decided to alter the broker. Then again I opened real accounts with another reputed broker with 200$ after confronting 20-50$ reduction. In that, with utilizing fibo lines I decided to use stop loss plan. Therefore I place stop loss within my transactions, it always strikes . I thought that it was incident but this thing was occurred to me if I place stop loss.
Once again confronting 10-15$ loss I putted this egy from my beloved forex trading and started trading with no stop loss. After this, whenever I buy a pair, it started to go in minus like before but some pairs go in miner plus like 0.10, 0.30, 0.80-- not more than this. The shedding pairs started gathering in my accounts such as -21.0, -30, -18.0 and my total current loss become -80.0 total on 200per account.
Again I said that my actual account's figure is pretty small, I must ship more 300$'s to exchange easily . So after sending this amount, first of all I closed my some losing trades and opted to find out forex. In this era I continued doing forex trading and begun learning this.
I learned fibonacci, (all indiors in mt4) money management plan, risk management plan, trend, trend lines, head and shoulders, double top/bottoms, change tricks/egies, wave notions, gartley, bearish/bullish/butterfly/crab patterns and even much more. I thought that today I could perform forex trading successfuly so, I started buying pairs however the situation was similar to same prior to....
Losing transactions started gathering and I made to shut some of the these transactions with absolutely 10-15$ reduction. Then my total balance was 485$. So, I started with a brand new hedging plan I buy a commerce with both purchase and sell pairs and shut wining trades at reversal time BUT the change never occur... For instance if I bough usdjpy and my winning commerce was BUY and I shut it with 10$ profit by watching trend change, the SELL trade starts increasing in reduction.
In that manner my accounts had been AGAIN AGAIN become cold storage of losing transactions and I made to shut them in minus. My account balance today is 371$. .
So my dear mates collectively I want to mention that forex trading really is a prosperous business for agents not for traders. People pass their 4-10 decades of life in digging this truth and thank god that I've found it very ancient. Never any candle crossed pair that was buy/sell to profit more than half of our claws ! . So dear mates, its my suggestion to you that never done forex trading if you want to save money it is merely a game of agents and forex market to stole our hard worked earned money....
Your Sincere
Muhammad Shaheer
Went extended from 1.237, stop below 1.233, target 1.33 for its average duration
better wage information could indie potential 4 rate climbs as the market improves in the US, nothing positive in Canada
Price moved up a little, hopefully it'll continue to go higher.
Retesting 1.24xx area resistanceQuote:
Originally Posted by ;
If NAFTA fails, I believe this set is going to 1.30
The pair starts with a small gap in chart.
Brief opportunity, what you guys think?
Https://forexintuitive.com/attachments/1517911895.jpg
(Time frame: 4 hours)