FX:USDCAD   U.S. Dollar/Canadian Dollar
88 6 0
Another Gann Fan study suggests a correction of the USD.
Hey, nice study, but I think it can take a while before we see a correction here :-) Still bullish.
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motleifaul ForceFollower
It's alwaysnice to read comment hours after the original idea when it is proof that the conclusion was wrong. Looking at the chart now I would have decided like you. So, sorry to say, your comment isn't helpful.
But nevertheless my decision was not a good one and the mistake shouldn't have accured as I made it the second time.
I had made the conclusion already to wait for a better confimation when a decision on the basis of Gann fans shall be drawn. I didn't follow my own conclusions - that's the problem. Errors do always happen, but this was not an error but a mistake. I am stopped out .
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ForceFollower motleifaul
I'm sorry to hear that, I didn't mean to show off or to annoy you. I didn't wait out a bullish candle, so I could comment with the benefit of hindsight either. Anyway, you may finally be vindicated and proved to be right. My long position here is currently suffering. I still expect it to go higher, but it just doesn't seem to cooperate.

Btw I've never practised trading with the Gann fans, because they seem to me to follow no logical rationale, but I think they must be a fun to use. :-)
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motleifaul ForceFollower
Sorry, friend, my comment was not against you. I don't expect a comment immediately after I released an idea, the more that it was very early in the morning. I just wanted to express that it was no help for me any more as time had showed that I was mistaken. And as I realized that I had disregarded my own rules and knowledge I was a bit frustrated. It was my decision anyway and a wrong one this time.
Of course it looks a bit annoying to hear such things like: "Your idea was not good and I would have known better." afterwards, when everything is clear. But I know that your comments are always friendly and funded. They are always welcome!
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ForceFollower motleifaul
Ufff, I'm glad to hear that. :-)
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Nobody can stop usdcad ! :)
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