If you want to know more about drivers for the 2 CANZUK currencies, I linked my last AUDCAD idea at the bottom of this one.
Here I'm just following the trend, and I am going for the usual capitulation candle:
As happens typically:
And the best for last:
Ah, on myfxbook I see that 86% of weekend traders are long AUDCAD, and on FXCM 83% are long USDCAD. Good, that's what I like to see.
Here I'm just following the trend, and I am going for the usual capitulation candle:
As happens typically:
And the best for last:
Ah, on myfxbook I see that 86% of weekend traders are long AUDCAD, and on FXCM 83% are long USDCAD. Good, that's what I like to see.
הערה:
Reminder of what I am looking for:
It was very choppy, if the trend truly resumed it won't be choppy.
The trend could be soon over.
Now I consider I waited long enough, and it is really going so I'll have a stop more tight. Like what I showed with EURCHF and AUDCHF, price has to continue down strongly.
Some people breakeven or win a little and once in a while they have a huge loss that keeps getting bigger and they fall into despair, fear, panic, hopelessness, depression.
For me, and those that actually gave this trade room, the win keeps getting bigger and we are euphoric, cocky, etc.
You had to give it room based on the implied volatility, or ATR.
Here with AUDCAD since this idea is an AUDCAD
Same with AUD against any currency not rushing to zero, like AUDCHF I mentionned, "on the verge of collapse":
And final word, for a good laugh:
It was very choppy, if the trend truly resumed it won't be choppy.
The trend could be soon over.
Now I consider I waited long enough, and it is really going so I'll have a stop more tight. Like what I showed with EURCHF and AUDCHF, price has to continue down strongly.
Some people breakeven or win a little and once in a while they have a huge loss that keeps getting bigger and they fall into despair, fear, panic, hopelessness, depression.
For me, and those that actually gave this trade room, the win keeps getting bigger and we are euphoric, cocky, etc.
You had to give it room based on the implied volatility, or ATR.
Here with AUDCAD since this idea is an AUDCAD
Same with AUD against any currency not rushing to zero, like AUDCHF I mentionned, "on the verge of collapse":
And final word, for a good laugh:
הערה:
Congratulations to anyone that managed to stay in.
Now just hold and enjoy.
Now just hold and enjoy.
AUDCHF is on the verge of collapse!
s3.tradingview.com/s...shots/t/tRs1lsy8.png
I will trade it based on previous price action:
And so on. Backtesting and thinking time.