Hi,
Thanks for your contribution, I really appreciate your efforts, if I may ask, is there any filter one can use to avoid drawback of trade setup like that of EUR/USD of 11th Jan, 2010. Thanks
Quote:
Originally Posted by AshFX
Hi all,
So today we have two setups on the AshFX V2 System. Namely:
- Buy EUR/USD
- Buy EUR/CAD
The EUR/USD would have been a good setup was it not for the longish upper wick. It may turn out good, but I'm a cautious trader, so not taking this one.
the EUR/CAD looks like a risky setup, because a) the SL is over 250pips, and b) it's EXTREMELY close to the 23.6 Fib line, as can bee seen in the screenshot, so resistance may take over.
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