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Please do not rush to buy once we are inside
We want to buy a level 1 signal with our stops just below the last low before our entry.
If we are stopped before passing the critical level we try again
If we go down to TS which is just breakeven, we will exit
Otherwise, it looks good
About 300 pips up to now
What else can we ask for?
That is the power of The PanOptic Trading Method...
USDCAD is perfect example: what trend are we talking about? H4, H1... Humm, I would not put my money following such a short term "trend" simply because there is no trend there.
D1, W1 or even better M1 is where you can see a trend my friend, but let's take my favourite W1.
What do we have here? Evening star in formation after last week's doji candle right at the top of the Kumo onSenkou-Span A, matching also the Tenkan-sen on projected 38.2 fibo.
Please note that this level matches the daily SMA50 resistance.
That's a lot to break higher, don't you think? And Stochastic is barely showing sign of revival.
One of the biggest problems we have as traders is generalizations.Your personal experience is just your experience. Do not generalize it.
As for the trend we are talking about, well, it is the trend that I guess you can not see. You not seeing the trend does not mean that there is no trend. it just means that you do not see it.
If I did not see it i would go and find a trend that I see to put my money on. That is our choice as traders.
As for what I think, well I just put it on the chart. So my suggestion is that if you feel that you have a great idea that is so different from what another trader has, just put it on a chart and make it public so that everyone can benefit.