Timing is key

AUDCAD Static Grid - Update 1

FX:AUDCAD   Australian Dollar/Canadian Dollar
55 0 1
As you can see, vertical timing lines 1 & 2 came in nicely at the 25% Price Level (See Purple Cross's). Admittedly, they were slightly out on price and time & were quite small runs, but it does illustrate that a simple strategy like a 2:1 Risk/Reward TP along with a 1:1 Risk/Reward B/Even Cover can produce some good safe profits. Sad to see that I missed the dip between 2 & 3 but hey.....you can't pick'm all :)

PS: Just to remind everybody that this was a blank grid beginning from the first top between the 0 & 1 vertical timing lines. See Linked charts

PSS: Although my bias on the 60 minute chart is long, (especially now that the ML is broken) and depending on my entry/exit criteria I will go short on a counter trend if my ducks line up.

Always remember...

Timing Is Key:)
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