AUDCAD Long
Updated
Saw this double bottom form on the daily at a big demand zone and waited for the structure to break.
The I went long - pretty simple. Now let's see if it works!
What I haven't mentioned in earlier trades is that I typically cut my losers quick if they start going against me. Let's see what I do with this one.
The I went long - pretty simple. Now let's see if it works!
What I haven't mentioned in earlier trades is that I typically cut my losers quick if they start going against me. Let's see what I do with this one.
Comment
Nice push to the upside - I will likely let this one run over the weekend.Comment
Big gaps down - not nice. I put this trade at breakeven so I can focus on other potential setups. Only way I'll care about this one is if it decides to go my way again.Trade closed manually
SL at break even got hit. No problem - these things happen. Limiting your losses is the best way to keep going forward.
Comment
And it's a good thing here at YoungFinance we focus on preserving capital just a little bit more than making profits! When you cut your losers, you win!Disclaimer
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