Hi Guys , as promised in weekly outlook I am posting those short term trade on USDCAD and the GBPCAD (this one will be in the update so that i don't spam the site with too many charts) This is a nice sell setup with potential for bigger downside.
@cemfx, nice brakeout.... nothing fake about it :))) I trade always the opposite direction than anil says and I am very successful with that. When he says - buy , I sell and opposite :) try it ... works to 78% until
Now
anilmangal
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@JovanVeskovic, how about you show us your trade setup? so we can all make money
JovanVeskovic
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@anilmangal, I blew away until today around 60 accounts ( at least cent accounts) away:) , so I am not a person who could give advices. I did the last few trades in the opposite direction and they were great because I realized in the past it goes very often first in the opposite direction:) and than in "your" direction. My trade set up looks like this: I receive an email with your advice and I buy / sell immediately after that. So I have no idea about technical analysis , waves and so on. I don't even know how to create a trade setup :)
t703623
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@JovanVeskovic, That is the most unexpected answer :-)
But your logic is valid in that case.
The trend shifts firts to the very opposite direction of what Anil projected, it then sinks to the bottom after a wave correction in almost horizontal direction.
Anyways, Anil was right as usual. You would have made a good sum if you set the entry below the flag and made sure the take-profit limit was not set too high.
I am glad I can follow the action here.
JovanVeskovic
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@t703623, no of course. No doubt that Anil is amazing,otherwise I wouldn't follow him! Still my apologies if I hurt some feelings here and there. I took a nice profit ( percentage wise) from his USDCAD trade set up. I go always few pips in the opposite direction , take profit. Wait for a nice flag for example and follow his advised direction. Most of the trades of anil were great for me and I am thankful!
@JovanVeskovic Anil is just sharing his idea and if you think you are more successful, then sir please make us successful too, why you don't share any idea?