FX:USDCAD   US-Dollar / Kanadischer Dollar
1019 10
Selling with outlook that the blue line will hold price below. Break above & close above 1.2940 will invalidate the setup & we should take loss. Targets are mapped according to symmetrical movement.
looks precise, hopefully it lands around those lines, I'm counting on it to drop significantly soon..
Thank you for this idea. One thing i'm curious about, if you have the time:
What would have to happen for you to decide not to go all the way through to T2 and take profits early? When I see the price bend upward, sweat and nerves can break my confidence. Best regards,
FxSaint Steven_Maas
I flip couple of time frames to see if whether there can be some resistance established (since its a short position) then I watch price whether price has momentum to break that resistance. If it break the resistances with momentum filled candle then I encash most of my position leaving only tiny lot just incase if it drops again. This tiny piece I never close manually, instead I let it get stopped out to breakeven. Example
+1 Antworten
FxSaint FxSaint
Also sometimes its about target in itself, there are some structures which will attract price towards them, in those case till price reach those structural point, I dont close trades, no matter what. This is not those kind of trade, its not about target in this trade. But there are some trades of mine which I aim very very big moves since I know price will be pulled towards those structure.... I m attaching couple of pattern & charts where I aimed at targets.

Wow. That first screenshot is actually a trade that I wouldn't even think about considering it's a move that can take about a month or more to complete. I'll happily follow your ideas and keep a close eye on your updates. Thank you very much FxSaint for the details!
+1 Antworten
Hi @FxSaint, thanks for the reply. I actually get it. So that tiny lot is there to just see it through as a test of sorts and if price then reverses in your favor again, you're still able to add to the short?
FxSaint Steven_Maas
Yes, but if it fails to break resistance with momentum & with some price pattern, then I will have like half of my lot running for target 2.
Great one FxSaint.I also had similar idea
+1 Antworten
FxSaint Roncriss
Good one Roncriss
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden