FX:NZDCAD   New Zealand Dollar/Canadian Dollar
75 11 1
strong divergence, iHAS pattern target reached
ForceFollower
2 years ago
I'm still long, but I agree that a prospective correction seems to be warranted. :-) Until then, just a little bit higher...
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itaskar ForceFollower
2 years ago
which area you expect? 0.9550-0.9600?
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ForceFollower itaskar
2 years ago
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.
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ForceFollower
2 years ago
I went long at .9579. Looking to take profit at .9656.
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itaskar ForceFollower
2 years ago
congrats :) i made few pips on short, out for now
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ForceFollower itaskar
2 years ago
You know, I love strong trends... Always on. Well, actually, not always - I missed this current awesome slide on CADCHF. :-( I just didn't see it coming.
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itaskar ForceFollower
2 years ago
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
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ForceFollower itaskar
2 years ago
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. :-)
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itaskar ForceFollower
2 years ago
some of my positive pips are gone :) I need to reduce my watchlist and be more attentive.
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itaskar ForceFollower
2 years ago
btw. you like nzd now :) check eurnzd, there is triangle break
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ForceFollower itaskar
2 years ago
Thanks. EURNZD wasn't on my current watchlist, but I've just gone short, 'cause it looks likely to fall more.
You've got very good results. Keep it that way.
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