I looked at the price action after 7AM PST on USD/CAD and found a setup on the 15M chart.
I used a standard lot for a sell and made $165.30 USD.
I always try to make the set ups simple, only taking the highest probable outcomes. When you see extreme levels, on both ends of the chart you can find the range you want to look for.
I found the price to be overbought and found an area of consolidation that made sense to me where buyers and sellers could debate the price.
The price went way down today but my aim has always been to consistently make money with the highest probability.
Another thing I like to do is move my stop loss once I get good momentum from the high. If the price moves half way to my take profit then I want to move to breakeven.
Stay humble and you will be able to protect your trading account balance.
I used a standard lot for a sell and made $165.30 USD.
I always try to make the set ups simple, only taking the highest probable outcomes. When you see extreme levels, on both ends of the chart you can find the range you want to look for.
I found the price to be overbought and found an area of consolidation that made sense to me where buyers and sellers could debate the price.
The price went way down today but my aim has always been to consistently make money with the highest probability.
Another thing I like to do is move my stop loss once I get good momentum from the high. If the price moves half way to my take profit then I want to move to breakeven.
Stay humble and you will be able to protect your trading account balance.