dojitrader

Fine Tuning Previous 3 Drive Potential ???

Long
dojitrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
1
This exhibits much better symmetry and proportionality than the previous
3 drive published using the more common 1.272 fib ext instead of 1.618
Looking for a long in the 1.2900/30 area with a stop placed with consideration
of the 40 pip spike low of D2 hoping that D3 will not be any bigger. Of course
markets always do something more/less than a traders assumptions.
And, always hoping the candlesticks provide a clear trigger and smaller risk.
Comment:
If only . . . every trade was this painless, I guess we'd all be millionaires !
With no limit order, woke this am to find a lower entry than 1.2930.
So, entered long @ 1.2915
But, this is Friday - moving stops to 1.2945 - just in case it breaks
support on the 15 minute chart
But, this is Friday ~~~~~ to hold or not to hold over the weekend ???
Trade closed: stop reached:
Wow! Just in Case ?
Out on stops
Have a great weekend !!!!!!!!!!!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.