FX:USDCAD   U.S. Dollar / Canadian Dollar
CAD
60 5 1
my plan is long loonie ,stop 15 pp under line\1.3013\
tp 144pp
you have the right view, but your entry is worse cos' you ignore PA, your SL is hit and too much beyond til it bend up. I see USDCAD up as early as 2014, down as early as 1.38 and near up as early as 1.25~1.27. If you disagree your lack of awareness to Price Action, that's fine.
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almoni33 gcplau
I don't understand what the dispute - Professor -
my stop was only 15 PP and - yes - he was captured . so what ?
the main thing is the ratio of the profit \ stop loss .
well and the amount of profitable pips
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You have a lot to learn based on this idea. #1 for a mere 15pips, you should not be trading based on daily chart, you are almost like scalping. #2 MACD is lagging in comparison to RSI; again for a mere 15pp SL, MACD divergence on D frame is almost irrelevant. #3 from the day chart you published, you have too little understanding on PA, cos' there're zero signal of price up. Lastly showing a D chart and SL15pips is totally inappropriate or you do not want to show your low time frame analysis.
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almoni33 gcplau
perhaps you are not clear what was written . it is written that stop = 15 PP below 1.3015 this means 1.30 - apparently
I felt the us\ loonie growth potential but you do not . cad then went up in october , 2015 don't see ? Professor
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clear bull macd divergence on d frame
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