Timing is key
Long

Nice Test of the Lower Parallel

FX:USDCAD   U.S. Dollar / Canadian Dollar
235 2 2
Good test and rejection,,,,,,,Black ML is the Target
Apologies for some of the diagonals....Sloppy on my part see below

Regards,

TIK
snapshot
Reply
Timing is key Timing is key
Hello all,

Well this one reversed with a small loss, however, there was an obvious error in my analysis which I failed to pickup at the time but I need to clear up for the record. This trade should only have been taken long if the orange DOT parallel went through the converging lines at the black dot parallel.........The Lesson Here ( For me also ) is 3 converging lines also preceded by a reaction on the lower fork parallel would have been an excellent long however there where 2 warning signs that this was going to fail......1/ Over Shot and closed 3 times below orange dot parallel, 2/ The next hour after I posted it closed below the black dot parallel ( Red alert to stop & reverse ). Should I have picked this up at the time, I also would have known that a failure at the bottom parallel would have given me an excellent short at the very next warning line which would have been the next take profit area.....

More is learn't from your losses than from your wins

Sincerely,

TIK

snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out