Found this interesting and wanted to share. Description is on the chart. I entered long after the pin bar was broken to the upside. please be aware that you should not trade any pin or inside bar, only use them as a tool to find enties at a -level- that is interesting anyway. in this case we are observing some kind of 2618 setup which retraced deep, so we have the...
I am looking for reasons and setups to sell at the given price area right now.
Finally placed a buy. This trade looks promising and you can find lots of reasons to go long this pair today in the tradingview ideas.
Take my analysis to support your own idea of where this pair is gonna go or take my analysis to do exactly the opposite and be profitable that way ;) Anyway: have your stopps, dont risk too much and of course i d be very happy to discuss views about usdcad here below the chart in the comment section
We are at the 61.8 retracement up of the downmove that followed the recent double top. you could enter a sell trade with 2618 trade rules or wait for further condirmation (recommended). If this sell trade playes out as planed the bigegr correction may be over and price my break down out of the correction. Observe when price should hit the trendline because another...
price action shows some struggeling with the downmove. i entered 2 buy trades as plotted on the chart. stopp goes below the inside bar area (recent low). dont risk more than 1% of your trading money on that stopploss.
i plotted a good zone to sell on the chart. with stopploss above double top. (if price moves down some more before the retracement starts please adjust the fibs!) dont risk more than 1% of your capital on the stopploss! have fun!
sell after bearish engulfing candle was followed by more downside. stopploss above the high of the engulfing candle. dont risk more than 1% of your trading capital on that stopploss. best open 3 trades and take profit of 1st trade after winning 100%. rest to breakeven. close another on the way down an dlet last one run for potential big time win.
sell high - buy low. bearish engulfing candle is one reason to sell at a high. dont risk more than 1 % of your tarding money!
Put stopploss and calculate your risk. not more loss than 1% of capital! Dont jump in to early. let if confirm that the downside started. i put a little example to the left.
Cable made a correction and now broke the ascending trendline after forming a little double top. you could trade this one as a 2618 trade on lower timeframe, too. enter now or after a little correction with stopploss above the double top. take some half profit at the old low and let rest run.
You maybe want to trade this as a 2618 trade with stopploss above the double top. You can enter now because price pulled back to the 618 retracement already. Or you can wait for a bearish sign of whatever type you like for confirmation. Dont risk more than 1% of your trading account for the stopploss! good luck!
See description in the chart. Dont risk more than 1% of your capital, if you feel like risking that "little" will not make you rich or not even worth the effort then your account is simply too smal. go save some cash and come back. fact. learn how to calculate lot size and risk correctly!
Description is in the chart. Dont risk too much! not more than 1% of your trading capital! e.g. you have a 2000$ account total > if your sl is hit you must not lose more than 20$ If you feel this style of trading with that low risk is bringing you nowhere you might be right, then maybe your account is too small, eh? Fact. If you dont know how to calculate your...
Detailed Info is in the chart. Take care, dont overtrade. Dont risk too much!
Description is in the chart. Dont risk more than 1% of your trading account on that stopploss. if you dont know how to calculate your lot size stopp trading and learn it! if you think with a risk of 1% your gain is too small then maybe your trading account is just way to small to trade for a living / fancy car... fact!
I m not 100% about that idea working out because price has not really broke the old top. But you ll never know so I put 2 little sell trades already. Each is 0.5% of my account. So little risk with a good reward IF the idea workes out. You can have a good number of losing trades this way and it does not matter. Trade your plan and plan your trade and always love...
You may wanna trade this down as a 2618 trade. Stopploss 10 pips above the double top. first half of trade take profit at the last formed lower low, then rest to breakeven stopploss and let it run for lower prices. dont risk more than 1% of your trading account on that idea / on that stopploss calculate your lot size and your risk !!