dojitrader
Long

Triangle Measured Move ???

FX:USDCAD   U.S. Dollar/Canadian Dollar
286 3 3
The larger degree looks pretty good for finishing 5 waves
with a thrust out of a triangle allowing for an aggressive long
opportunity possibly harvesting pips in an a-b-c- corrective move.
{{should this come to pass a Great Selling Opportunity, Too}}
Drilling down it looks like the final 5 of 5 that could bottom
@ 1.0940 or so just slightly above the triangles measured move
@ 1.0925. Possible divergence on the RSI to support this long entry.
Smart stops should go below the last ledge of support. How far is a bit
of a moving target to my eyes.
Perhaps the candlesticks will provide the needed guidance.
~~~~~ 30 minute chart in the comments ~~~~~
dojitrader
2 years ago
snapshot
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dojitrader
2 years ago
Trade has been entered and the divergence is positive.
The candlesticks, as yet, are not particularly bullish
and I can see how this 5th wave could extend into 5 waves itself.
The waiting starts ~~~~~~
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dojitrader
2 years ago
RATS !!!!!
Divergence everywhere I look and it STILL gets stopped out ~~~~~
Just shows nothing is for sure, and yet, I felt so positive about this
trade. A reasonable wave count - likely harmonics - into support.
Sometimes I think I should figure a way to use myself as a contrary
indicator. The better I feel about a trade the more everyone else should
take the other side of the trade, and, the more a sweat bullets, the better.
There must be a way ??? I'll work on it . . .
To balance out the day, I took this trade from JesusDias post
drilled down to the hourly chart - found lots of good divergence,
and so far, it's in the money:
Such is trading, huh ?
snapshot
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