Knife Catch Long for 50 pips

29 jun 2018

Pullback to the daily ATR-ADX stop, other instances of retest of this stop circled. UWT DDWT DXY

29 jun 2018

Nota

Looking to place stop buy limit on previous 1HR candle high to get in a trade, I see max downside the 50% pitchfork line.

29 jun 2018

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Also very close to backtesting this cyan ascending line.

29 jun 2018

Nota

Managed to come down to that blue trendline. Still waiting on a high break of a previous 1 hour candle. RSI on 4HR is oversold now (bottom indicator).

29 jun 2018

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In my opinion this will be a larger long eventually as gauged by the attached post in the Related Ideas section. It's a big weekly level trade.

29 jun 2018

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Here are CAD futures continuous, possible scenario I see. There is daily decay in currency futures (and all futures) compared to the spot price but same idea.

29 jun 2018

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Zoomed in a little for clarity.

29 jun 2018

Operación activa

Broke high of a previous 1HR candle @ 1.3150. In long.

29 jun 2018

Nota

CAM weekly (camarilla) S4 also helped here. Notice that the range this week for USDCAD is perfectly CAM Weekly R4 to S4.

2 jul 2018

Nota

Target @ 1.3200 still in play, moved stop to break even. Half way there.

2 jul 2018

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Moved stop to 1.3170. 20 pips profit no matter what at this point.

2 jul 2018

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2 pips to target... and a back off. Moved stop to 1.3175.

2 jul 2018

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Stop updated to 1.3185.

2 jul 2018

Operación cerrada: objetivo alcanzado

2 jul 2018

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1.32000, out.

2 jul 2018

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I will be flipping back short again in about 2 minutes. Stay tuned.

2 jul 2018

Nota

Went short at Weekly CAM R3 and Day CAM R4. See this post: