updating next week want it to move up on or before feb 15th
still waiting for the downward movement stops @ 143.50
your stops & risk management are the two most important elements of profitable trading.
this is my gbpcad major plan for the next couple of months. ill trade one movement by one movement till the pattern fails. at the near of each high / low i will analyze the h4 one year to see where will the high / low finish. my analysis & decision making process is 100% technical, i do not use any fundamental analysis related techniques. for my technical...
will wait for a couple of month for a complex short ranged correction. if my trading range is broken up / down my idea become invalid. no trading for me on the gbp usd as of the mean time.
this is the only open trade i have as of now. manage your risk. i do not want it to break the low @ 1.6720 to hold . if low @ 1.6720 is broken down, the trade idea become invalid.
in continuation with my mtf analysis, the only valuable information i could get from the wtf analysis, is the i want to the following to take place, and those are the things that i will wait for. in order for me to execute my trading idea, all of the movements am waiting for must take place. 1- i want the current high @ 121.50 to hold for a couple of weeks. 2-...
i have two major long term target @ 126.50 & 135.00 mtf only provide me with the big picture and i do not rely on them in my actual real time trading. my actual real time trading in terms of price, time & pattern analysis is based on the wtf and the dtf. and then if i need i can go as down as the h4. in terms of importance, the wtf & the dtf are my two major...