Set up on USD/CAD

M

Massimo1

There is a tipycal "holy graal" set up on USD/CAD daily.
1) Large lateral from June to September with double max.
2) Trend starts in Sept from 1,020 up to 1,07
3) Retracement (pull back) to mm 20.
4) ADX (14) > 30 going down after a max.

higer probability now for a rebound up with possible target in the area of the precvious max 1.65-1.70
Stop either the min of the today bar for early position or mm 20 if the position is taken tomorrow after green bar.
A confirmation (a filter for entrance is needed on a shorter timeframe, for example 1 h)
Regards
Massimo
 

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Quote from Massimo1:

There is a tipycal "holy graal" set up on USD/CAD daily.
1) Large lateral from June to September with double max.
2) Trend starts in Sept from 1,020 up to 1,07
3) Retracement (pull back) to mm 20.
4) ADX (14) > 30 going down after a max.

higer probability now for a rebound up with possible target in the area of the precvious max 1.65-1.70
Stop either the min of the today bar for early position or mm 20 if the position is taken tomorrow after green bar.
A confirmation (a filter for entrance is needed on a shorter timeframe, for example 1 h)
Regards
Massimo
More...
nice call
I got long wed afternoon at 591
got stopped out of 25% at 564
re bought on a stop at 595 this am

so makes me long a full load at 592
 
Quote from Massimo1:

walking to target, 10644 now. :)
More...
did you take your profit? I'm still long from 592

man it's tempting to take that profit everytime it trades above 700, but that would make me too short usd
 
Quote from kid.fx.cross:

ah, I took my profit

now I'm short again from 638

man, that was a grueling trade

so many chances to get out at 700 ob
More...

Trading is still closed on most retail FX platforms, where did you execute that trade Kid.Fx.Cross?
 
Quote from xelite777:

Trading is still closed on most retail FX platforms, where did you execute that trade Kid.Fx.Cross?
More...
ib, opened at 1900

at anyrate I'm flat at 653 (7:23:53)

I'm waiting for 8:00 need to call ib

man, I'm dreading that service call

They made me upgrade to a new TWS

now my hot key that I use to enter a new postion reverts back to my predefined presets

no biggie, just another aggravation

when I get that set back up the way it use to work, I will go long USD.CAD

otherwise, nice quick profit last night

I deserve one, because that last trade lasted for weeks
 
oh yeah, I forgot to mention that the CAD was actually a loss
but it was just one pair

good night to be short aud and gbp

bad night to be short usd.cad and usd.chf

oh well, you win some and lose some

size is everything
 
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