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Thread: Is we should Leave Forex Trading after three times losses?

  1. #31
    Junior Member yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain's Avatar
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    Short Trades

    Go short after the next bearish price action rejection following the next touch of 1.3620 or 1.3650.

    Place the stop loss 1 pip above the local swing high.

    Adjust the stop loss to break even once the trade is 20 pips in profit.

    Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

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  3. #32
    Junior Member yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain's Avatar
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    Long Trades

    Go long after the next bullish price action rejection following the next touch of 1.3565 or 1.3529.

    Place the stop loss 1 pip below the local swing low.

    Adjust the stop loss to break even once the trade is 20 pips in profit.

    Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.

  4. #33
    Junior Member yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain's Avatar
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    The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

  5. #34
    Junior Member yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain's Avatar
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    I wrote yesterday that the CAD remained very weak due to the still-falling price of Crude Oil. This pair could start to rise again later after the New York open. I was prepared to take a bullish bias after another good bounce at 1.3565. This was a good call as although the price made a low just a couple of pips above the level before turning around and challenging the highs again; however, the price has not been able to exceed earlier highs yet.

  6. #35
    Junior Member yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain is just really nice yawarhussain's Avatar
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    It seems that the bullish move may be running out of momentum, but the odds are still with the bulls as we have a clear long-term bullish trend here. I would be bullish after a strong bounce at 1.3565 if it happens later.

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  8. #36
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    There is nothing important due today concerning the CAD. Regarding the USD, there will be a release of CB Consumer Confidence data at 3pm London time.

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