sell cad/jpy at 84.75, sl= 85.85, tp-1= 83.69, tp-2= 82.57, tp-3= 80.32 cad/jpy have completed wave 1 and wave 2 in 4 hour chart. now it is running in wave 3. if wave 3 can't reach tp-3 then it will reach in wave 5. by this trade cad/jpy daily trend has been changed to sell.
I noticed on your account statement (before you hid it) that there was a loss with 900 pips SL. 😲 I wonder where you got the idea of placing such a wide SL? The 30% drop in your account was in my opinion due to the fact that you were betting on the yen to go down again. I almost made the same mistake, but I got out in time. The Japanese central bank has declared war on other currencies (that's right, it is a currency war), and you should never fight a central bank! That is a lesson we all learn in time.
merrygoround, that was my second mistake to complete my strategy with a filter. you know i had enough equity to continue the trade but my broker opened 20 hours late than other brokers at 2nd January that automatically hit my sl.
actually human learn from mistake. now i have a good filter that tell me to avoid high risky trades.
Its a pity you deleted your account history. I was following it with much interest as nobody on this entire site was able to provide strong argument proving that you were in wrong trade, and all your trading ideas looked so promising.
The market will go up, failing which, it will go down.
wlk1 posted: Its a pity you deleted your account history. I was following it with much interest as nobody on this entire site was able to provide strong argument proving that you were in wrong trade, and all your trading ideas looked so promising.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.