EUR/CAD is in the sell zone go short Target at 1,43349 at daily S3
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gcplau
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Whether your view direction is correct or not correct is another issue....the big issue is your Risk/Reward ratio is 0.8R and which I can 100% tell you not acceptable; unless you are using computer trade or EA that's specially written for high frequency trade. I hope if any single thing you can learn about trading ... not pattern ... not price action... the most basic first step is money management. I"ve been writing this based on sincerity.
tmanuelasorina
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Thank you for your comment.I know my risk reward is not very good,but this is not agreat problem.I can adjust TP if the direction of price is good.
All that counts is that I am cosistently profitable on my trading plan and for somebody like me who never spend money on expensive books and indicators and who learned in a foreign language everything about trading it is something amazing .Î started from zero and I learned from internet about trading.
How many traders do you know making these performances?
gcplau
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Yepp...self free learning on internet and successful is not much I guess....good luck and all the best! BTW, TP is not adjusted for reason of a good r/r ratio, it's placed at an analysed point of level with higher probability of reaching...the same SL is not to be set closer just to keep a good r/r, it's set at level that will nullify your analysis.
tmanuelasorina
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If self learning from internet and beeing successful is not much ,what do you say about guys who learn from expensive courses with thousands of dollars and finally became losers.If I am on this site it is from curiosity,I dont trade the ideas from others traders,I trade only my ideas.
And by the way i trade without robots.I trade oN MT4.Happy trading mister
gcplau
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GOOD JOB lady...keep up. May be I should be more generous in praising...haha Honestly...? Still a good job!.
tmanuelasorina
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Thank you mister,nave a nice day
gcplau
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short is not a good idea....cos' you have not study price action well enough. you have to wait the close of the bearish bar fully pass the start of the long green bar to confirm the reversal. Further, main trending downward followed by horizontal consolidation, and follow by a swing new high with strong green bar.... then you plan to short; meaning you're not familiar w/ price action....pls. keep study .. and good trading! (Fundamentally, not only about PA knowledge....trading 240 time frame needs good mastering of day trade first..seems you are not yet there.)
tmanuelasorina
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what do you say now?Short was a good idea.I want to see your comment now
gcplau
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Lately I'm following Jack, he had a good r/r ratio, even he's half correct half wrong, you can gain good money. See one of his idea here: Remember, this chart still pending for price action signal (area which you need improve); but I guess Jack will update his idea once he thinks PA signal is there. Good luck and happy trading! For me, in 2 months term I see EUR/CAD up as well. So...you are waiting for a long; not short.
tmanuelasorina
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I know very good the advanced pattern,but believe me ICHIMOKU ANLYSE is better than the patterns.Here at this set up you must wait untill the pattern is complete and then you can enter to buy With my recent analyse EUR/CAD was going short.And by the way I follow some traders here on this site but I am trading only my ideas.ICHIMOKU HINKO KYO is something special when you know how to trade the secret method,which is not written in books.
I wish you a green week.