FX:USDCAD   U.S. Dollar/Canadian Dollar
57 5 1
my plan is long loonie ,stop 15 pp under line\1.3013\
tp 144pp
almoni33
8 months ago
clear bull macd divergence on d frame
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gcplau
6 months ago
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
6 months ago
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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gcplau
6 months ago
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
6 months ago
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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