miércoles, 16 de noviembre de 2016

Totally Wrong on USDCAD -20pips

Again I messed up, took a trade and did not take a screenshot of what I was seeing at the time.
I'm going to try to recall as much as I can what I was thinking though.

It's about 12:05am and I'm thinking that I had my experience with the NZDUSD not getting the turtle soup so I do not want to miss another trade that looks 'obvious' to me as I was seeing equal highs on 1.3585 on USDCAD as can be seen below.


Therefore, I decided to take the long as I was seeing support off an H1 +OB, and took the long at 1.3540, with a stop at 1.3513, which was below the sell stops I was seeing the previous day.

USDX was supporting my analysis:


Because it was holding tight and respecting +OBs. Turns out USDX had a correction and USDCAD went seeking sell stops instead of the buy stops.


So I was completely wrong on my analysis and completely wrong in wanting to get in a trade prior to a good time with tight stops. I guess I wanted to take a trade more than really seeing it.

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