Open trading account 
TYPE : Swing – Overbought level
Maximun risk : -2,50%
Time frame signal : Daily
CAD/JPY made a high last days completely out of the lower Bollinger band. At same time the width of the bands widening at maximum and now it is starting to narrow. All this means to me that the market is swinging. As weekly chart presents downward vias on Momentum indicator, it is the confirmation that I will not trade against the main trend.
Initially stop loss is always set at a maximum loss of 2,50% of balance account. Then, day after day, the trailing stop will be rising to minimize possible losses.
Maximun risk : -2,50%
Time frame signal : Daily
CAD/JPY made a high last days completely out of the lower Bollinger band. At same time the width of the bands widening at maximum and now it is starting to narrow. All this means to me that the market is swinging. As weekly chart presents downward vias on Momentum indicator, it is the confirmation that I will not trade against the main trend.
Initially stop loss is always set at a maximum loss of 2,50% of balance account. Then, day after day, the trailing stop will be rising to minimize possible losses.
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