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Here is the FAMOUS PATTERN- ALMOST FAMOUS- this pair is very volatile and the spread is too much. Hard to get to 1 to 1. I am out with breakeven. Next one please
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Happy to report my USDCAD, SEED, BUD(BUDDY) TRADE, PRICE reached 1 to 1 target. Since the move up looked very much like corrective, I decided to closed all my positions. The Buddy trade had produced fruits!!! Cheers, (wd) :-bd
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Here is my update trade in progress, the EURUSD. I decided to exit with 5 pips in profit because I saw hesitation moving up as suggested by the closed of the hour candle ( 10 oclock ), However, I am going to put entry above the seed candle if the market want to continue up since I am aware that I am in the countertrend move. I have to be very defensive!
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The GBPUSD is calling again, this time the SEED, BUD, FAMOUS PATTERN, all in the Asian session. I had encountered similar problems with 1 to 1 target ratio with this seed, bud, famous, where market cannot give me what I want. It is very clear to me now that the structure of the market shows exactly where it wants to reverse and I am totally aware of it before taking the trade, but I refused to accept because the spread of my trade is a bite more (it is 2-2.5pips). I am determine to ratify this challenge. I either find better structure where there is more rooms, fine tune entry with fruit entry from the opposite side, or use different broker who can give better spread( perhaps fine tune them all :-bd ). Here is my trade almost got stop out in Asian session
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