Live backtesting on EURCAD 24H. Mistakenly got stopped out on trade ~147 pips. Should have exited position ~155 pips.
Hi everyone! It's Max here, as always going live Pre London with few charts and setups that can be ready pretty soon. If you like this kind of videos and took some value out of my content please don't hesitate to click like, follow and happy to answer your questions. Have a good one and be patient! Let the setup come to you
Selling the EURCAD at the lower curve , short term selling on a lower time frame ( 15 min ). Intraday trade. Lower probability . I saw this and took the opportunity. Even IF I get stopped out, I only loss for 10 pip. which is worth $39 for a reward of $97. So its a 1:3 RR. For a short term , thats consider to be ok already. Im ok with the risk. But if the price...
This is a short video of how I look at the markets and use Elliot Wave with Technical Analysis
This is a possible head and shoulders pattern formation on eur cad on a 4h time frame but remember to wait for the brake of the neck line!! Happy trading Max OM-forexhelp
Hey guys, one bloody good setup + Pre London setups.
There is possibly a new trend and channel developing for the south. I'm watching this one carefully and placing alerts at key levels.
In this video I discuss, using a recent live trade, how dynamically managing trades is superior to the "set it and forget it" approach to stop loss and profit taking levels.
An inside bar/fake-out setup formed in the EURCAD minor pair last week. These types of setups can be very powerful false break signals where large numbers of retail traders were tricked into going one direction and price immediately whips in the other direction, trapping these traders. That can provide strong movement in the other direction as these traders are...
lololol wave analysis
We are below the MA's so no reason to look for shorts on this pair. CAD has had really good data and we can see actually CAD pairs responding to this. Target would be 1.54 if it breaks below the current support zone, and since I trade with the trend, I would have a my SL in accordance with my MA's
Break of Trend & Retest complete.