Knife Catch Long for 50 pips

29 giu 2018Pullback to the daily ATR-ADX stop, other instances of retest of this stop circled. UWT DDWT DXY

29 giu 2018

Commento

Looking to place stop buy limit on previous 1HR candle high to get in a trade, I see max downside the 50% pitchfork line.

29 giu 2018

Commento

Also very close to backtesting this cyan ascending line.

29 giu 2018

Commento

Managed to come down to that blue trendline. Still waiting on a high break of a previous 1 hour candle. RSI on 4HR is oversold now (bottom indicator).

29 giu 2018

Commento

In my opinion this will be a larger long eventually as gauged by the attached post in the Related Ideas section. It's a big weekly level trade.

29 giu 2018

Commento

Here are CAD futures continuous, possible scenario I see. There is daily decay in currency futures (and all futures) compared to the spot price but same idea.

29 giu 2018

Commento

Zoomed in a little for clarity.

29 giu 2018

Trade attivo

Broke high of a previous 1HR candle @ 1.3150. In long.

29 giu 2018

Commento

CAM weekly (camarilla) S4 also helped here. Notice that the range this week for USDCAD is perfectly CAM Weekly R4 to S4.

2 lug 2018

Commento

Target @ 1.3200 still in play, moved stop to break even. Half way there.

2 lug 2018

Commento

Moved stop to 1.3170. 20 pips profit no matter what at this point.

2 lug 2018

Commento

2 pips to target... and a back off. Moved stop to 1.3175.

2 lug 2018

Commento

Stop updated to 1.3185.

2 lug 2018

Trade chiuso: obiettivo raggiunto

2 lug 2018

Commento

1.32000, out.

2 lug 2018

Commento

I will be flipping back short again in about 2 minutes. Stay tuned.

2 lug 2018

Commento

Went short at Weekly CAM R3 and Day CAM R4. See this post: