The title is my thoughts. I also have my fear and greed. But most important, when I need to go, I GO. You jump I jump. But I check somemore first. LOL.
Alright, we had a nasty trade in #cadjpy that resulted in a 10 pips loss after so long.
— TerraSeeds FX Tflow® (@terraseeds) October 29, 2015
Here’s another look into #cadjpy after a reminder from student.
High timeframe analysis again
Still resisted by previous high. This retracement up now could be seen as a retest to pt2 (refer to chart above on 1234 mapping).
Price resisted by ED high. Currently mapping a 1234. I am guessing that price might retracing back again to have a low SL, higher risk limit sell (note this is a limit with no trigger). If it doesn’t, I hope that F6 confirms.
Update 2 Nov 8.47am
No bearish day close in CADJPY. This is something I don’t like.
I’m filled on sell limit at 92.10. However, with the day/week close not bearish, I rather wait till there’s a trigger then decide what to do.
Hope that my buy at break even of my sell at 92.10 is filled. *finger crossed.
And if I were to attempt cadjpy again, then I must remind myself: Strictly wait for trigger. No trigger no trade.