USD/CAD | Swing Trade Update 1.2
The market giveth and the market can take it
She is only fair if you are reasonable and disciplined. Have you been eating your popcorn like I suggested a few posts back?
Weekly & Daily dynamic TL’s have been tested and broken. The nay sayers will come out of the wood works and tell you “but kind sir, it pulled back and closed above it so it failed.” Indeed my new disciple, you have lots to learn.
Only because she has failed does not mean her intentions weren’t clear. Testing lows and shaking the weak out of their positions with reversal candle stick type patterns are their rhetoric.
Indies below 50 with plenty of room to fall and continuation patterns should be presenting themselves. Observe price action and don’t hope the market will move in your favor. Trade what you see and not what you think.
Break time, I need more popcorn....
She is only fair if you are reasonable and disciplined. Have you been eating your popcorn like I suggested a few posts back?
Weekly & Daily dynamic TL’s have been tested and broken. The nay sayers will come out of the wood works and tell you “but kind sir, it pulled back and closed above it so it failed.” Indeed my new disciple, you have lots to learn.
Only because she has failed does not mean her intentions weren’t clear. Testing lows and shaking the weak out of their positions with reversal candle stick type patterns are their rhetoric.
Indies below 50 with plenty of room to fall and continuation patterns should be presenting themselves. Observe price action and don’t hope the market will move in your favor. Trade what you see and not what you think.
Break time, I need more popcorn....
Comment:
They want you to think its a bullish rally. They want you to close your positions, get emotionally involved with the idea that the train is leaving the station without you. If you're not heavily invested, add to your positions, if you're under capitalized, I hope you've learned your lesson. Multiple entry multiple exit strategy in the long run with minimizing losses to 1R is the way to go. Stay tuned.
Comment:
Be patient. Daily TF, Follow the patterns.
