USDCAD Short_ Patience is a virtue or a curse?
Original Entry Short at 1.24530. Stop- 1.25207. T1-1.23862. T2-1.23194 T3-1.22526
Patience was key as this trade has cleared out and stopped out. Usually I like to trade half way to the stop, but a full stop out is the best. Get in while blood is in the streets. Markets go in the correct direction with as few traders as possible.
Entry location doesn't really matter, just as long as the stop is strong behind this most recent highest high.
Stop - 1.25589
Entry - 1.25270 Difference of .00319 pips
T1 - 1.24951
T2 - 1.24632
T3 - 1.24313
Comment, Like and follow! Will be turning my TV account into my trade journal soon with live running balances. Stay tuned!
Patience was key as this trade has cleared out and stopped out. Usually I like to trade half way to the stop, but a full stop out is the best. Get in while blood is in the streets. Markets go in the correct direction with as few traders as possible.
Entry location doesn't really matter, just as long as the stop is strong behind this most recent highest high.
Stop - 1.25589
Entry - 1.25270 Difference of .00319 pips
T1 - 1.24951
T2 - 1.24632
T3 - 1.24313
Comment, Like and follow! Will be turning my TV account into my trade journal soon with live running balances. Stay tuned!
Trade active:
Sorry, this is a little late, I did enter 60K at 1.25270
Comment:
Trade closed: stop reached:
Stopped out. Patients was a curse, in this case DXY has not retraced as expected, but has not made higher high yet. Had stop set a little tight but thats part of the plan
Comment:
Had the stop way to tight. Had I actually used the higher high, we would be at a 1-1 winner.
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