Fishing
USDCAD [Pending Long]Long Fishing Setup
- Buy Limit
- Moving away from Daily support
- M15 showing higher lows
- Entry timeframe M15
- Late from the previous higer low, try catch if it comes down again.
Setup Entry:
- Entry: 1.37550
- Stop: 1.37379
- TP1: 1.38445
- TP2: 1.39253
- TP1 Reward: 5.23
- TP2 Reward: 9.96
AWSM gapping up over the 200Watching this stock with a lot of potential overhead.
Today is gapping over the 200SMA.
Investing mentality on.
Follow my trades and my strategies:
stocktraderjournal.wordpress.com
EURGBP Downtrend, still. RULES OF "FISHING":
Rule No. 1: use it in trending market
Rule No. 2: obserbe the tops and bottoms
Rule No. 3: if you found the fish head, entry when reversing
Rule No. 4: If you missed the fish head but noticed the reversing, entry when breaking
Rule No. 5: fish tail forming, exit then
Rule No. 6: Stick to Rule No. 1-5
Of course, lots of other rules, but as long as we can identify each phase of the trend, we'll get an opportunity to profit!
Cheers!
-- Big fish Jason