#USDCAD #long after #professionalbuying and a test #VSALite
USDCAD long after professional buying and a sucessful test VSALite
Trade strategy using the Tradeguider VSA Lite software. Papertrade on Tradingview, placing the trade with real money on Activtrades (FX Markets).
Checklist:
• Signal of professional buying at 01/10 13:30
• Successful test at 04/10 18:00
• 4 consecutive short term indicator green bars
• Entry on a bar that closed on it’s high
• No previous price action at this level for a few days
• A background of strength
Management of the trade in accordance with my trading plan on 15 mins
Trade strategy using the Tradeguider VSA Lite software. Papertrade on Tradingview, placing the trade with real money on Activtrades (FX Markets).
Checklist:
• Signal of professional buying at 01/10 13:30
• Successful test at 04/10 18:00
• 4 consecutive short term indicator green bars
• Entry on a bar that closed on it’s high
• No previous price action at this level for a few days
• A background of strength
Management of the trade in accordance with my trading plan on 15 mins
Comment:
seems to be a lot of pressure to the downside, although the volume is low. I've moved the stop to below a high volume bar on 15 min
Comment:
stopped out for a loss
