FX:NZDCAD New Zealand Dollar/Canadian Dollar
strong divergence, iHAS pattern target reached
The first and highest-probability level (.94945) has just been hit - that's where I took profit and closed the long position, because I didn't like the prolonged sideways action. However, if it keeps moving up, the next most likely target (ca. 75% of chance) is at 0.95115. Your targets are also possible, though I give them some 40% of chance at the moment.
yes, I like your way..I am sometimes against trend, but with small amounts and quick trades, otherwise i am with trend as well. Last two weeks I am 768 pips in profit, just two bad trades(again jpy :) ), this month is for me crucial.. I see the CADCHF, very nice, didnt see it as well
I used to fight the trend very often and I lost that way a lot of money. Nowadays, I don't do it all. If I went aganst the trend, I'd feel very uncomfortable. My strategy is going solely with the trend. I have a rule that I don't enter trades that go against the trend. Sometimes I'd even make money doing it, expecting price to retrace to some level, make a correction, but I don't care about that. It wrecks havoc with my mindset, so I don't do it. And if the trend is unclear, then the market goes off my watchlist. My watchlist usually consists of 4-5 markets only. I don't care about the rest that doesn't meet my criteria. And I'm fine with that. I admit, less trading, more waiting, but this way I've got more time for honing my strategy. :-)