Although i got a entry signal i did not enter this trade Still back testing the strategy...
Just got the cross of the 10 ema below the 20 ema Now i will wait for a retracement back up to the 50 ema on the 1 HR chart
My profit was hit! although i did exit 1 pip above my take profit But overall very good trade
Got filled on the 38.2 Fib retracement Now we wait and see...
On the 4 HR chart the 10 ema crossed below the 20 ema After i mark what time the ema's crossed i drop down to 1 HR chart ( they crossed at 4am) On the 1 HR chart i drew a Fib from recent high to recent low and pulled up the 38.2 retracement My entry will be 2 pips away from the 38.2 Fib
After holding my USD/CAD short over the weekend i got filled for a nice little profit while i was sleeping. That is the beauty of trading once you have your emotions in check all you have to do is wait for your setup and then set your stop and take profit target and forget about it.
The 10 ema crossed above the 20 ema on 4 HR chart So i went to 1 HR chart and drew Fib from swing low to swing high My entry to go long will be on the 38.2 Fib
USD/CAD had a push lower after the FOMC meeting today and the 10 ema crossed below the 20 ema on the 4 HR chart so that mean its time to look for a short position i am waiting for a retracement back up to the 50 EMA on the 1 HR chart
On the 4HR chart the 10 ema crossed the 20 ema Then on the 1HR I drew a Fib from swing high to swing low My short entry will be on the 38.2 retracement i will target 40 pips ans my stop will be 20 pips above entry