A way of trading that will change how you percieve forex

[forexsubscriber]

Hi Forexsubscriber,

Yes i can see the V formation on GBPCAD H1 & USDCAD H1. did you get an entry… but later I see price had reversed impluse… how do you manage this situation?

one more question

do you monitor the chart all day? every hour?

thanks:-)

Hi Vijaim,

I only monitor the chart every hour once I check it has come to my area and I have a v formation. Until price has come to my area I will only check the charts a few times a day.

When we have our v formation we need price to fail again on our 1hr/30min, with a big exhaustion candle or a prolonged period of stagnation where price appears horizontal. Like on the GBPCHF USDJPY trades.

Now price has pushed down again I will be looking for another v formation upwards before I think about buying this one.

[forexsubscriber]

Buying USDCAD with 30 pip stop loss aiming for recent highs.

[forexsubscriber]

Buying USDCAD with 30 pip stop loss aiming for recent highs.

Abandoning GBPCAD and USDCAD due to the length of the retracement 30pips lost on this one.

[vijaim]

Buying USDCAD with 30 pip stop loss aiming for recent highs.

i couldn’t see any V formation after…why did you go long?

[forexsubscriber]

i couldn’t see any V formation after…why did you go long?

Impatience got the better of me here vijaim.

You are 100% correct. Not only was there no v formation we also had retraced very deep.
Oh well 30pips lost not so bad. There will be more than enough trades in the future to make up for it

[brutus2]

Hi … Anything happening these days?

[forexsubscriber]

Sorry for my lack of trading activity.

I have just been really busy with stuff going on at my end.

I will get back to updating trades next week cheers guys