May be forming an Inverted Head and Shoulders pattern. Looking for the quick short for +90 pips, and then the big long once price forms the right shoulder.
Trade active
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In profit.
Trade closed: stop reached
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GBPCAD: After going +50 pips into profit, SL hit at BE. I will consider a re-entry, or waiting until it finds support for the big long entry.
Comment
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You can't allow this kind of thing to frustrate you as a trader. It happens too much to get caught up on it. Markets will tap you out at BE and then go on to TP a lot! Hahaaa! What frustrates me is I was supposed to re-enter. I got distracted with a scalp and missed my opportunity. Did you??
Order cancelled
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The plan was to short it until the R shoulder was complete, then go for the long swing. It chopped me off, then abruptly abandoned the inverted h/s. Started the trip up early.... without me. Thought I had this one dead to rights. The markets notified me I am not their boss today. LOL! Next!
Oooh, I see. I'm quite new to this as u can see 🙄
Didn't understand the shoulder. Thought, it already happened. Then I'm calm now and I just believe that all ur idwa will just happen tomorrow.
Thank you so much for your help!
RT_Money
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@robertoklinko,
You got it.
RobertoooK
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I have some trades open from two weeks ago. The highest is 1.7274 to buy.
Still waiting to come up. Rally would be nice
RT_Money
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@robertoklinko,
My analysis has it going lower to support first. That's where I will go long, with the trend.
RobertoooK
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Hi buddy, is it coming high today? If so, where about u think? Many thanks! ✋
RobertoooK
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When do u think it will rise? And up to where?
Thanks buddy
RT_Money
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@robertoklinko,
When price reaches the grey field. Just follow the video.
RobertoooK
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@RT_Money,
Hopefully u roght about it. Missed the short one. 😭🤞
RT_Money
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@robertoklinko,
Aw dang! The short was just a quick 80+ pip! The big show is the long position.
Just wait for proper confirmations before entering.
RobertoooK
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@RT_Money,
Would u mind to post it PLS?
I got few trades from last days open, as I thought big news from BOE will be announced. But shit happened. The highest position to buyI have is 1.7270 😭😭😭
Didn't understand the shoulder. Thought, it already happened. Then I'm calm now and I just believe that all ur idwa will just happen tomorrow.
Thank you so much for your help!