FX:AUDCAD   Australian Dollar/Canadian Dollar
35 0 2
Wait for the execution til the market has tested the whole PRZ. Just execute if there is a valid Setup ! Move your stoploss depending on the Price Action in the PRZ! Always Keep in mind that this is an Area where the marked COULD retrace! So wait for the initial test of the PRZ before executing!

I will write into the commends what we have to do!
Comment: Dont execute the trade right now!! Market is still testing the PRZ!
Comment: im am waiting for the M30 candle for a valid Setup! If marekd gives us a valid Setup Stop loss would be a few pips under D
Order cancelled: Guys market rallied through our PRZ! Trade setup is invalid! The down trend is still to strong! Thats the reason why it is so important to wait for the initial test of the PRZ before executing a trade ;)
Comment: Even if it seem to be that market will go to the upside, it is important to note that you are able to make Money with good Setups but also with bad Setups! But bad Setups are still bad Setups and over a period of time you will just loose your Money if you are trading bad Setups! Better one trade (which was a bad Setup) missed, than executing and seeing how marked is moving against you!
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out