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The_Cannalyst
Sep 9, 2016 4:44 PM

Trying to catch "the falling knife" Long

Australian Dollar/U.S. DollarFXCM

Description

Haraikiri idea: countertrade! RSI overbought, BBs stressed out.....very narrow sl close to todays low, tp ~ 38,2 fibo

0.75891 would be the scalp tp ( 38,2 of the last downwave)

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if the ultrashortterm trend will be dominant, you have to exspect the next downwave and the test of the sl

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in the 5min we have the chance for a double https://bottom...https://www.tradingview.com/x/yOHDIIJE/

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for a scalp, an adjustment of the sl to the entry is good now!

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now the hairaikiri is riskless....now trail it till you have enough pips :-9

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radical sl adjustment to the mini-uptrend manual

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i thinkk it will stopped out now...

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those who have more buying power could install their stopps direct below todays low...

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if we stay above that level, the chance increases

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do u also see the H&S?

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trigger H&S = present SL = trigger for a shortposition.....but not a real trigger..the real one is todays low - but let us hope for a further upwave

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slm triggered-short opened

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same game again..sl to entry = riskless

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reached tp
good evening Regards Mary

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and here the "real trigger" short

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bullish wedge? you see, the view changes tick by tick

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0.7588 is the level to watch imo !

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is anybody out there?

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perhaps sl to entry? ...trailing...perhaps again switch to long....and so on.. and so on.. i am off..c u

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Trade closed: target reached

real trigger tp reached
Comments
R34No925
never catch a falling knife
IvanLabrie
Great trades mate. Cheers.
samderits
observer here
pugpack
Still here - watching the master
PA-FX
Yes, but on the sideway watching how it's going :)
ArtFly
Nice lessson, thanks
SharkbaitAl
A risk-less trade in 17 minutes -- that is great! Thanks for the idea
luthfi.zain
I think in the 15 min chart, the road to the upper channel could only be a sideway move. But considering that this is a harakiri idea with a tight SL, let's just give it a try.
The_Cannalyst
i fully agree! the road to the upper channel could be the same than the last one...sideways...
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