WSM

COULD BE..WHO KNOWS...RISK FREEE TRADE NOW

FX:AUDNZD   Australian Dollar/New Zealand Dollar
159 14 3
DOUBLE BOTTOM 1H CHART
guys who are daily traders please start to protect your 10 pips
look structure on 1h chart 38.2 with structure at 1.01440 to keep the main support too..almost 40 pips...
investors keep on
thanks
UPDATE....PATIANCE AND STOP LOSE PLACE WERE THE SECRET...LESSON LEARNED

Related Ideas

maybe go back up after touching 0.999 or close to that but lets see
Reply
WSM
2 years ago
let's see...still risk free trade at the worst case could bay good for today
good luck
Reply
KevinSinghDhaliwal WSM
2 years ago
for sure goodluck
Reply
kmk.msp
2 years ago
I dont thick so that it will reverse now because of monitory policy divergence between RBNZ and RBA
Reply
WSM kmk.msp
2 years ago
i think it could be repainted as usual but for me 1.272 and 1.6168 on the same point with double top is enough...especially when it's risk free and trailling stops or profits applied
Reply
WSM
2 years ago
i think it could be repainted as usual but for me 1.272 and 1.6168 on the same point with double top is enough...especially when it's risk free and trailling stops or profits applied
Reply
ForceFollower
2 years ago
Hi, WSM, you know my opinion about going long here: your stop is likely to be hit soon, as you are fighting a strong trend. I'd rather be looking for an opportunity to go short. :-)
What do you mean by saying it's risk free? As far as I know, a trade is risk free only when your stop loss order is at your entry price. Otherwise you're risking to lose money...
Reply
WSM ForceFollower
2 years ago
force follower...appreciate much your opinion and your advice and as you know i was just following my rules
and risk free nothing mean that you will never risk but it mean that my risk will be down my normal risk according to my money management
please honour me always with your precious opinion it's important to me
my opinion about going short that there's no structure left to build a case so according to me i don't enter
but till now i got my 10 pips which almost 85$ and i am trailling my friend...not bad for this case
Reply
WSM ForceFollower
2 years ago
for me it was such a nice trade seeing the structure line holding for all this hours on my entry 1.272 and as you know not all the good trades profitable trades so let's see my stop still down 1.414 ext. so .....still hopping
Reply
ForceFollower WSM
2 years ago
Sure, good luck!
Reply
WSM
2 years ago
force follower...appreciate much your opinion and your advice and as you know i was just following my rules
and risk free nothing mean that you will never risk but it mean that my risk will be down my normal risk according to my money management
please honour me always with your precious opinion it's important to me
my opinion about going short that there's no structure left to build a case so according to me i don't enter
but till now i got my 10 pips which almost 85$ and i am trailling my friend...not bad for this case
Reply
ForceFollower WSM
2 years ago
That's OK. :-) Very well, maybe it will go to your target as you expect it. Anything can happen, as nothing is certain in trading. What I meant was just a higher probability according to my data, that's all. But if it works this time, I'll be more than happy for you. :-)
Reply
WSM ForceFollower
2 years ago
you have all the right and as you see on my chart i have almost 2 or may be 3 short trades ready to get formed so it was enough for me to have ext.1.272 and 1.618 to enter buy with a tight stop loose it deserved the chance for me as you see how long my structure holds and any way if i lost so i am sure the short chances will make it up because as you know the price need to retrace any way....no way to go north but from where it's the problem
Reply
ForceFollower WSM
2 years ago
I agree. Looking to go short we need price to climb a bit, like at least to 1.013.
Reply
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