FX:USDCAD   U.S. Dollar/Canadian Dollar
711
38 2 2
711
GOOD MORNING FROM CALIFORNIA TRADERS,

AFTER A LONG HIATUS, I AM READY TO SHARE IDEAS WITH YOU.

SOMETIMES IT IS NECESARY TO TAKE A BREAK FROM THE MARKETS TO ENJOY WHY WE DO WHAT WE DO.

I DECIDED TO MINE FOR SOARING EAGLE PATTERNS AND I FOUND A HIGHLY PROBABLE PATTERN WITH A 9:1 RISK REWARD PROFILE...AS I PREACHED BEFORE, ONLY TAKE TRADES WITH FAVORABLE RISK REWARD PROFILES. THIS WILL ALLOW YOU TO TAKE DRAWDOWNS, BUT STILL GIVE YOU THE ABILITY TO EXECUTE MORE TRADES.

TRADE WITH BALLS AND ALWAYS TRUST YOUR PLAN.
Mincealors99
a year ago
Question from a newbie that has been following you for a while; would you suggest a pending order at 1.224 or just monitor the price until the pattern is confirmed?
Reply
LewipapersFX Mincealors99
a year ago
Thanks for following, opened the trade yesterday when the market found its support at 1.2204 - Ideally this is where you want to enter long.

However, being that this pattern offers two opportunites, you can wait for price action to reach 1.2204 or execute a buy order at 1.2267 - you would still have a favorable reward over the amount of risk. Let me know what you decide to do in this situation.

Reply
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