Short-Term.....Swing Trade (Set-Ups)

[golhuntsleep]

Hey AA How long you going to let this circus talk down to you??? Great trendlines on some of those supposed charts wavez.....some of them have 1 touch you call it a breakout.........why pay for the movies when you can see this comedy for free.........

[marketwavez]

Originally Posted by golhuntsleep

Hey AA How long you going to let this circus talk down to you??? Great trendlines on some of those supposed charts wavez.....some of them have 1 touch you call it a breakout.........why pay for the movies when you can see this comedy for free.........

Hey thanx for the compliment

[marketwavez]

Usd /Yen

Pulling back ? ...............

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[marketwavez]

Canadian Dollar -Update

This is what the trade for this week look like right now .

The US session did not start yet ......

price broke a minor support line

So it's time to
Closing out this trade here right now at- 0697
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Also you can see by this chart price is nowhere close to
the stop level of provided 2 days ago in thew original post ////

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Again trading is about your ability to manage Risk of individual trades ....
(See chart below )

[marketwavez]

Now this Canadian Dollar trade has not been stopped out

but I'm concerned about Risk to Reward
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Last week the Cian Dollar trade made 70 pips

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- the problem with this week's new trade is it has now broken support
if price moves to 0680 the stopline the loss would be 80 pips

So last week- after a gain of 70 pips
a dip of 80 pips this week would wipe out last weeks gains
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Why should I put myself throught that ?

You must think of Money Mangement when you trade
you must think of what you are Risking !

Understading this is more important than any wave-count !

It's the only way to Survrive !.....
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[kosai.]

Here's an updated chart. If the high isn't broken the first TP is still in play.

FxKos

[Automated4ex]

Originally Posted by marketwavez

Back to the Gbp/Usd

Original Post ..................
( Click Here ) Post #908
http://www.moneytec.com/forums/attac...f?d=1182380980
http://www.moneytec.com/forums/f59/s...64/page91.html

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Here's is the Update ........

Thia charts is to follow up this mornings " End of wave 5 " charts!
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Price is once again starting looking a bit toppish

This is what i am talking about...LOSS

[marketwavez]

oh yes ..
I do get it wrong some times also - Didnt you know that ?


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Do you have a call ? ...................