This is a controversial one for sure...... all I ask is for you to ponder my video and let me know what I think....
Why am I sharing?
I used to trade this way! At the end of Q1 with Covid hitting the world, I kept finding myself on the wrong side of the moves , it got me thinking the money to be made is if I was in the trend - not trying to catch the...
CADCHF Buy Entry : 0.68755
Stop Loss : 0.68605
Multiple TP options shown below:
TP1 : 0.68956
TP2 : 0.69156
TP3 : 0.69556
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
Still time to enter this buy...
USDCAD H4 - Slow markets like I mentioned in the video rundown, typical Monday, USD bear setup here on UC. New lows being set is required, nice break and retest already seen, CAD was an out performer last week, and USD was weak, trying to established whether this is a continued theme into this week too.
Strategy has identified a sell trade on the M30 time frame as shown.
As always enter at your own risk, the trend will come to end at some point and we are starting to see price push lower.
Manage your risk, lets see.
Using the currency strength meter our members have can also help add even more confluence - the 'Sell' was a losing trade at the end of last week, but GBP was still a lot stronger than AUD therefore was a lower probability trade.
Although, trading the strategy independently is fine as you can see with the back testing results - it can just help either remove...
Buy trade from end of last week, could we start to see some dollar strength this week? Who knows, it doesn't matter to us - we will follow our strategy and price either way. Keep it simple.
New trade identified by our strategy, this does all of the hard work for us.
A great trade on the way up and we now just have to enter and wait and see how it plays out.
We will hold until a reverse signal in line with the strategy but if you enter, trade as you wish.
Potential to follow this move still - we are seeing a strong Pound this week.
The strategy 'buy' caught the break out nicely - for those that trade technically (we don't anymore) - but if you do, you will have seen a resistance area, this would have caught some traders out selling at that level, we had momentum to the upside and the Buy triggered on the...
New trade just printed on EURJPY, lets see how it plays out.
EUR has been a great mover this month so far, the last buy trade hit SL - so lets see how this selling pressure plays out currently.
Key word right now that I want you to keep in mind - Inflationary.
Why? That's the period we are going through, when this occurs you can tell metals rise, check out copper, gold, platinum ...the list is endless...! I can go on about various other instruments too. We could even go back to 60/70's Want to know further in depth what happened then - message me...