Europe vs. Cananda
Updated
Hi guys!
In this pair, I am STILL looking for longs!
"But Moe, you got stopped out twice or more! Why would you still hang on to this?!"
-> Rule number 1: Trust the system! As long as you trade the Breakout, your Stops will be eliminated, and you will end with a win. It's as simple as that.
We are in the target area of the blue, big, sequence. So I expect the price to correct the whole blue sequence! And therefore I am still buying this pair.
Right now, I do wait for the price to correct, and therefore offer a "B-Area". From there, I want to see that price breaks the last high (our possible point A) and then wait for the correction of that move. That is my entry.
But Moe, why are you posting this today, if there is no direct entry? Makes no sense!!"
I am posting this, to show you guys, how a plan works. If you create a plan, you can wait for the trade to come to you, instead of chasing entries around the globe. I can today tell you where I am looking for an entry. Not the exact price, but what I want the price to do and where I will enter the trade. That is a plan. As long as there is nothing going on in this pair, there are more than enough to trade.
In this pair, I am STILL looking for longs!
"But Moe, you got stopped out twice or more! Why would you still hang on to this?!"
-> Rule number 1: Trust the system! As long as you trade the Breakout, your Stops will be eliminated, and you will end with a win. It's as simple as that.
We are in the target area of the blue, big, sequence. So I expect the price to correct the whole blue sequence! And therefore I am still buying this pair.
Right now, I do wait for the price to correct, and therefore offer a "B-Area". From there, I want to see that price breaks the last high (our possible point A) and then wait for the correction of that move. That is my entry.
But Moe, why are you posting this today, if there is no direct entry? Makes no sense!!"
I am posting this, to show you guys, how a plan works. If you create a plan, you can wait for the trade to come to you, instead of chasing entries around the globe. I can today tell you where I am looking for an entry. Not the exact price, but what I want the price to do and where I will enter the trade. That is a plan. As long as there is nothing going on in this pair, there are more than enough to trade.
Note
Look what happened:Now we need to break the high at A and then correct, so we have an Entry for our desired long position. Patience is key!
Note
Are we there yet?!Wow, that move came in with power! Boom. Next sell order is in place.
Look at this next setup:
Note
Now look at THIS:This is how exactly this System works!
Big Thanks at StefanKassing for sharing his complete System with us!
Note
Speechless, on how good this works...
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