dojitrader
Long

Fine Tuning Previous 3 Drive Potential ???

FX:USDCAD   U.S. Dollar / Canadian Dollar
134 0 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 !!!!!!!!!!!!
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