motleifaul
Long

Time to follow the trend again.

FX:EURCAD   Euro Fx/Canadian Dollar
100 23 0
The trend has not changed yet. We arrived at the bottom of the pitchfork and have the chance now to resume the uptrend from here.
vaicru PRO
3 years ago
Are you sure ?
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vaicru PRO
3 years ago
the trend can change
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motleifaul vaicru
3 years ago
You are right and I am not so sure at moment. I will have a close look on it.
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ForceFollower motleifaul
3 years ago
You should be good. Just let it find its footing. 1.5000 is a good choice. It's also at 1.618 extension (C-APP-1.618). So, in my opinion, it should go up on Monday or Tuesday.
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motleifaul ForceFollower
3 years ago
This may easily be. 1,50 may be. May be even lower. In this case I will buy it up. You should take a first position now and if it falls further increase it. Just my opinion.
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ForceFollower motleifaul
3 years ago
If I may share with you my money management strategy, here is the introduction: https://www.tradingview.com/v/w1x5h8w2/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish
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vaicru PRO ForceFollower
3 years ago
Old strategy usually used by roulette casino players.
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motleifaul vaicru
3 years ago
No, not at all. I don't see a reason to justify myself before you.
The strategy to increase positions when the first failed is wron, even in casinos as the probability is to small. They don't have enough money. You should read Shehezerades story of the doubling rice corns. This is not my style. I never increase a position when the deal failed. Only if it didn't fail. How do you handle your position sizes?
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vaicru PRO
3 years ago
look this :
EURCAD
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motleifaul vaicru
3 years ago
Yes, I believe it. I saw this possible S-H-S before. made the neckline at bit different and came to a target at 1,4916.
But I don't believe in S-H-S formations very much in FX(stocks are another thing). That's why I ignored it at moment.
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motleifaul motleifaul
3 years ago
It is exactly the target of the the S-H-S formation that has been reached. This time it worked. But as to my experience the probability of this formation in fx isn't very high as I said above.
snapshot
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vaicru PRO
3 years ago
Halloooooooooooooo :)
Down !
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motleifaul vaicru
3 years ago
where?
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vaicru PRO motleifaul
3 years ago
here
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motleifaul vaicru
3 years ago
And again where? And as I said I bought some at 1.50. I am happy with it.
And, I had ask you a question. And, as I see: no answer. And: No reply is also a reply. I think what I think about it. And good buye to you.
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vaicru PRO motleifaul
3 years ago
no body loves me
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motleifaul motleifaul
3 years ago
And, byt he way this is not my level to discuss, Did you ever read such a comment from me about one of your chart ideas?
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vaicru PRO motleifaul
3 years ago
never
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vaicru PRO vaicru
3 years ago
ok sorry
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motleifaul
3 years ago
The same comment as for "Intact"(GBPCAD). It was the CAD that reacted hardly on the ADP data.
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motleifaul motleifaul
3 years ago
Is it a change of the trend? Not yet in my eyes. But out now.
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motleifaul motleifaul
3 years ago
It's a pitty. It was the great day of the automated trading systems of the big players.
If you didn't have a wide stop you gave them your money today. No chart could help. The big silence now everywhere. But live goes on. It was a non-event. So what? Everything that was valid at the beginning of this discussion is still valid. I cite myself: "The trend has not changed yet. We arrived at the bottom of the pitchfork and have the chance now to resume the uptrend from here." Go ahead if you are still liquid. :-)
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motleifaul motleifaul
3 years ago
So I could finish this deal with profit at least. Sometimes patience pays out.
It's always good to be liquid. I had the take profit order a bit below the median line. These things more than sometimes work.
What now? As the median line was reached the retracement had taken place. We should watch the shorter time frames now whether the uptrend will resume or...
The pair played Carambolage with us. NizarRahalii's S-H-S target was reached as well as my median line.
So I am without a target now. I still prefer the upside but won't rade on this preference at moment.
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