All Blogs / Analytics & Forecasts

Trade Plan | USDCAD | Buy when price falls at actual Support

28 June 2018, 12:26

Yohana Parmi

543

Hello traders,
greetings.

USDCAD

At the time USDCAD is moving in the sideways area, ~ price can be jump/fall anywhere.
We must have a trade plan to prevent market trap.
This is actual Support we should wait for buy position.

The trade plan above is requested by some friends
who interested in creating trade plan before
enter the market.
You can also create your own trade plan here.
How important is a trade plan ?
Find out here.
Get user's guide :
English https://c.mql5.com/31/202/A2SR_User_Guide_EN.zip
Chinese https://c.mql5.com/31/237/pcv5A2SR.zip
https://c.mql5.com/1/81/A2SR_-_Price_is_walking_on_each_Actual_SR.gif

But, for people who do not understand the meaning of the picture above,
then it is true that trading forex may not be suitable for all people.
So, please ensure that you fully understand the risks involved in your trades depends on your knowledge
or your trade instruments..
Do you already have trade positions, and market against you?
-- A2SR will assist you by this technique.
By the way, a trade plan above is not trade recommendation,
but .. you can use it if you agree and understand that
-- or please use your own trade plan :)
Good luck, traders
wish you all the best

#support, resistance, usdcad, a2sr

Source

Share it with friends:

Yohana Parmi 2018.06.28 13:28 #1

After red news US GDP.
Price correction at current Support.
Do not sell at Support to prevent floating.

Yohana Parmi 2018.06.29 06:48 #2

Patience

Pending orders are in place.
Simply wait and continue our other activity,
because the market will decide when the price will reach the demand & supply (SR) area.
At the same time, we can also create a trade plan for another pair.
Because the market is also waiting for the right opportunity to move the price on each currency pair.

Yohana Parmi 2018.06.29 12:37 #3

Price action in the high impact news ( lower time frame for details ~ M15 )

Yohana Parmi 2018.06.29 18:08 #4

Summary.
Today, market is hot :)
User's Guide.
Rule: 1st Strong Support today is at Avg Daily Fall (ADF) @ 1.31419,
and at actual S level that near with ADF.

Trade plan has been changed to ADF level.
Result :
Solving.
This is example how to solve the situation if market against our position.
Assumed that we did not change pending order to level Support Avg. Daily Fall as described in the user's guide.

We can wait price reach t/p, or exit at the best price we want:

Result.
Mission accomplished.

Yohana Parmi 2018.06.30 20:12 #5

	Trading is simple, but not easy. We must already have a trade plan when dealing with the market. With the right tools, we can plan the position as well as possible. And we can solve the problem when the market is against us. That way our psychology can be well preserved. Because bad psychology (e.g bad mood, emotion) is a high-risk enemy when we facing the market.

Yohana Parmi 2018.07.02 13:00 #6

Strong actual Support
is good demand level for long call positions (buy)
then our position is not too late.
-- do not sell at actual support there :)

prefer to use stop-profit for additional safety.

Yohana Parmi 2018.07.04 08:21 #7

This is how market works in the actual SR.

Previous trade plan here.
Next actual Support at 1.31158 is available since June 28, 2018.
Today, actual Support hit.
See price action after hit actual Support, up to 43 pips price correction.
No lagging, no repaint.