There is this possible USD/CAD daily trade with a BUEB at swing high. We learned from Jonathon’s method that BUEB must be traded from swing low. Here we have the BUEB at swing high. But I have an inquiry. Can the BUEB be a PA signal for the continuation of the uptrend like in this example?
It’s all about advance set ups talked in FSO…
Since 2 month USDCAD is ranging. The BUEB looks indeed good, but we are not really at a swing low.
USDCAD Daily
Elaborate please
At FSO we also play engulfing bar as a continuation signal, this is the most I can say…
It’s BUEB at swing high and BEEB at swing low .
I don’t know , as far as I know ,we trade BEEb at swing high and BUEB at swing low .
I think your entry is invalid , you set your pending above the second candle , 2bar is consist of 2 candles and you should set your order obover or below those 2 candles .
i’ll take both of them. i think that a continuation, and consistent with the trend.
Regards
sould you please explain why will you give it more time in this situation?
Usd/Chf D1 + 4Hr
Price is in a strong down trend.
Breakout and retest of 0.8750.
Price is winding up under 0.8750.
May continue in the original direction=Down.
Pinbar printed on the daily chart.
Possible BEEB on 4hr- some time till candle close GMT 13;00.
Inline with Long Term Trend=down.
Big news today may stick a rocket up this trades A-hole.
At swing high.
At KHL-Key Horizontal Level.
Is the signal large and obvious =Yes D1-Pinbar
Is the signal sticking out away from other bars.=Yes
Is the trade with Long term trend = Yes=Down.
Is the trade with short term trend= No=Up.{ Short Term is up}
Market =Trending.:59:
Think about it logically, and just answer the question yourself! 
Where was your stop on this setup?
it’s really choppy . I would prefer to trade on breakouts
At the end tail of the BUEB but there was FTA at 1.53763 with lot of traffic I would’ve closed it there if it was going short. But I took the prize.
It looks like you went along around 5530 - and closed out the position for 30 pips around 5560 - is that accurate?
So your stop was around 5330?
What is FTA - first target area? If you were going long, how could your FTA have been below your entry?
So from the onset, you accepted the risk of potentially losing 200 pts - but closed the position up 30?
If that’s the case, how does this method not blow up your risk of ruin table?
This trade was -6.5:1 Risk to Reward? (In other words, for every one dollar of profit, you were willing to risk $6.60).
Hi FXultd,
I can’t speak for Heisenberg, but we aim for taking sure fire profits from the market. That means sometimes putting an unbalanced stake at risk. I can’t advocate here how much, but what I do advice to every trader is to go for a trade that offers a very high possibility of hitting FTA, then take some profit and go be and see how the rest playes out.
Doing that pays off big over time,even if the r:r is not so appealing.
Best