USDCAD waiting for price to reach 1.2518; bull candlestick formation, and buying CTL breaks all the way up to 1.3339. I am out of the trade between 13339 and 1.4014 and then long into 1.5289. Thanks!
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Getting close!!!
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OK, I have been triggered into my first scalp on this at 12518. Price will most likely retest the morning star at that level. Then we can begin buying CTL breaks all the way up so we are active.
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still looking north and active
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I'm on it and I am continuing to buy from 12515 already pulled about 120 pips through two trades off this thing
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One off at the back side of the trendline in a few and were gonna add when we get onto the other side of the trendline. XO
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This is an excellent place to take profit here... 1.29488 is the .618 on the two hour chart.... we are trading a down AB boundary... if we break above 129500, we could head higher into 13067 and 1.3217. You guys know that I am a position trader, so what I do is go to break even and hold. I am riding from much lower 12515, but as of today I have four off of the trade. Make sure you have taken profit on this!
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Getting good pullbacks on this... Looking at this level and if we do not get the pop, we can go from 100 pips lower... Looking to add..
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We may see this market fall back into new lows between 12627 and 12735. I've just posted a new chart if you are positioning on this one.
Comments
hope.bleecker
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I'm still on this trade and have pulled one off for 300 pips. Out of the seven positions which are currently running, I am looking at this possibly pulling back to form the right tip of the crown as shown in the diagram. Make your decision accordingly. For me, I've pulled some profit, break even and am riding into 13339. Thanks for all your kind notes and your support. This has been a great trade for us!
Sakakikunmakio
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1.21xx
pyramids_Forex
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Hey Hope
what you mean by UTP strategies? and which pattern you using?
Thanks
hope.bleecker
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Trading fib levels on 21 pairs. support resistance.
pyramids_Forex
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sam.aziz
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been in it since 1.2516 :)
hope.bleecker
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Awesome. Sometimes it takes a couple of times to get these going. We have CAD news tomorrow so we may have to reenter from lower. Otherwise we are taking trendline breaks all the way north.
sam.aziz
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Got it. I know the counter trend line break strategy, so you keep buying every time the counter trend line gets broken?
sam.aziz
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How did you learn trading so I can do the same ?:)Please share
hope.bleecker
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Sam, I sent a note off to Zach Bennett and he will email you. I am also running pound yen from 157.57 to 159 just wanted to let you know. It was great chatting with you and I hope to be able to trade strategies if you start using UTP. That will be fun. consider me a personal coach. Take care!