Trading off the Daily, 1 hour chart using the 1 hour chart to fish out the entry.
Working on Fibonacci retracement, as well as Fibonacci extension.
Working on price action with a few of my indicators and chart patterns. When placing this trade I were confident that price would return back to my key level marked out on my Weekly and Daily chart, which gave me extra confirmation when fishing out on the lower time frames. Once the price block hit 2R I had moved my stop lose to -0.5R.
You can't cheat the grind with USDCAD! Working on maximising the used indicators to its full ability as well as price action.
Going off higher time frames, working on using moving averages, chart patterns and key levels to aid my trade.
intraday trades taken place. 2 trades 5R, focusing on risk to reward!
Throughout the two trades I took, I scaled in going through the time frames to get the best possible entry. Uses a 1:1 and 3:1 RR
Back testing with technical analysis through the swing/intraday time line(W1, D1, H4 and H1).
Right about now I'm working on trend trading with support and resistance as well as price action.