AUDCAD(30MIN) - theory of curves tradeThis is a long position and it's a bit late for entry. It's worth watching though because of the 'theory of curves', for experience.
TOC trades are difficult and are trend following. There are no preset targets and stop-losses are difficult to define. Losses can be heavy but gains can be well in excess of 'harmonic-type' trades. Exiting this sort of trade is tricky if going long because sometimes there may be a spike down through the curve and then price takes off. This is also the reason why stop-losses need to be bigger than expected. (Can't afford the loss = stay out)
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
