Aiming for the gap to be closed

29 Feb 2020

That is close to 180 pips if the gap is closed.
Remember sell high buy low.

So, we are selling high now and aiming to buy back later at a lower price, that is how to make a good profit.

See you downstairs !

2 Mar 2020

Trade aktif

short - 1.34328
SL - 1.34638

2 Mar 2020

Catatan

Praise Lord, we shorted twice ,took profits at 1.335 and short again when it is 1.337 and holding position still......

3 Mar 2020

Catatan

resistance at 1.338, support at 1.332. the price action can range bound at this range before one side takes over.

4 Mar 2020

Catatan

We were taking several times small profits as it ranges sideway but the last green candles strike out and we were stopped out.

7 Mar 2020

Catatan

strong resistance at 1.343 and support at 1.338. You can see the price is just ranging around this price level since 5 Mar 20. And at 1.343 , you will also noticed the long spikes above the candles showing sellers presence attempting to push the price down.

Last night, Oil went super low , 9% crash and I am surprised USDCAD is still ranging instead of going up parabolic. Who knows, it may happen next week. So, short sellers, beware and take care of your profits and have stop loss in place.

8 Mar 2020

Catatan

So what if I am right about this prediction ? I neither switch to long USDCAD nor short Oil ? Haha, that's life, isn't it ? But what is worse, is attempting to catch the late action and hoping to ride to the end of it. Don't do that ......unless you are sure what you are doing (do you?).

Now is not the time to be a Hero else your funds turn to zero or negative, stay cool and study the charts closely before taking any actions. And reduce your position size if necessary to mitigate risk as well in times like this. This is a special time where market gyrations have taken many by surprise and more may come as the coronavirus development is shaping outside of China. Will it ever end ? Nobody knows as a cure is still being developed. What's important is for the affected countries to contain it as much as possible , to reduce the number of people affected , restrict travel and contact and do the necessary hygiene steps to keep ourselves clean. May the Lord watch over us in this time of trouble, let our hearts not be troubled but continue to hold on to a ray of hope and faith. May his mercy rain down on earth and take care of the extremely vulnerable group - the diabetic, elderly, disabled, young babies, etc and provide wisdom to the government officials around the world to think of a good solution to combat this pervasive and anxiety-causing disease.