Trade of the Week: USD/CAD H1: 12-14 May: +2.5% Profit (+86 pips)
For more details, click "Examples of Trade" in the menu
We had a wave 3 on H4 and we expect a wave 5. On H1, we have a setup at Francfort Open while it is a sleeping alligator on H4 too. The initial SL is at 30 pips and our PO is 17 pips away from H4 limit so price as enough space to move. We are triggered and the price drops. The next day at Francfort open, we have an exit possible (break of box) but we can also choose to let it run as on H4, the alligator is opening down. Then we have another entry the next hour at London Open, we exit both entries, the next day while the price breaks the upper limit of the box. The total profit of the campaign is +3% and +1% = +4% (142 pips) or +2.5% (86 pips) if you chose to exit as described in the pic below.
For more details, click "Examples of Trade" in the menu
We had a wave 3 on H4 and we expect a wave 5. On H1, we have a setup at Francfort Open while it is a sleeping alligator on H4 too. The initial SL is at 30 pips and our PO is 17 pips away from H4 limit so price as enough space to move. We are triggered and the price drops. The next day at Francfort open, we have an exit possible (break of box) but we can also choose to let it run as on H4, the alligator is opening down. Then we have another entry the next hour at London Open, we exit both entries, the next day while the price breaks the upper limit of the box. The total profit of the campaign is +3% and +1% = +4% (142 pips) or +2.5% (86 pips) if you chose to exit as described in the pic below.
One got to keep in mind, it’s never about one day or one month, it’s about longer distance, so we should never try to gain everything in one week, as that’s something we often find traders going for and end up with losing. I always keep my safe side and that’s entirely to do with OctaFX given they have mighty 50% bonus on deposit, it’s really handy with also been use able, so through this I can perform really well and help me achieve good results.
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