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The bullish setup for the pair US$ vs CAD remains valid, but I'd lower the stop loss level to around 120 pips below entry (@ around 1.3540), at the same time I see upside potential to 1.40 or even higher. If the pair should see 1.3830 or higher, I'd move the SL to entry level.

As a side thought, I wrote in my initial post opening this thread how well an investment in Mastercard (went public on 05/25/2006) would have worked out - I'd never invest purely on other's opinion, but it shows how simple an investment idea can be - and has the potential to even outperform the...

Here's another bullish setup, I'd now go long in the pair USD vs Turkish Lira (USDTRY). Timeframe displayed is daily (D). It's now trading at around 6.8540 . SL I would place @ 6.78 , Profittarget would be 7.15 .

... case in point is the pair US$ vs CAD, first two setups did not work out as hoped . I now believe a valid uptrend could catapult it higher, would now be a bull here and buy @ around 1.3662 - place the SL 70 pips below entry and the profit target 280 pips above entry (a potential 4R trade).

@ all - I'm in the unfortunate position of not having any financial means that allow me to trade ! But this may change. If it will, I will of course trade my own setups. As of now, these setups are posted because I hope I'll make some new, great contacts here aka profitable traders who give...

I think Euro vs JPY is now a good setup for a shorttrade, I see a potential of a 4R trade (profittarget would be 4 x the SL level). The pair currently trades @ 120.05, I would initiate a short position right now, place the SL 150 pips above entry and the TP 600 pips below entry, at around 114.00 .

Ouch, the SL got triggered immediately and one would now actually be long in this pair, at around 1.5310 as the new bar opened above the EMA34. Profit target would now be 1.54 , SL would be placed at around 1.5285 .

Strong setup in the pair € vs CAD now, SL could be placed only 20 pips above entry. Profittarget I'd place 80 pips below entry, the pair currently trades @ 1.5292 . All trades need to be monitored, of course, any market can move very fast and change from "short" to "long" and vice versa.

For my fellow Germans - if there are any - or those of you who understand my native language, Markus Keil is a native of Germany who now resides in Switzerland. His approach is completely different from trendfollowing, he scalps in futures contracts, positions are sometimes closed within...

... 2 hours later, and the long position in € vs Yen woud have to be closed at a loss - the dreaded whipsaw. It's now actually a shortsetup, markets can move so fast & setups switch so fast. Now place the SL in the short position 40 pips above entry, TP 150 pips below. The pair currently trades...

Last setup for this week - in Palladium (PALLADIUM on tradingview for the CFD quote), I'm bearish. I think a short position would make sense, SL should be placed 120 points above entry currently trading at around 1923, profittarget would be 220 points below entry. Again, SL should be moved to BE...

I'm now a bull for the pair € vs JPY, would be long now @ 120.66, place the stop loss 40 pips below the entry and the profittarget would be 120 pips above entry. SL would be moved to BE if the pair goes 60 pips into my favored direction !

All short positions in the €uro would now be closed (if not already closed), having to realize a loss or in the case of the € / CAD short, the SL would have been triggered @ breakeven. Important is, if the underlying you've bet on has gone in your anticipated direction half of its profittarget...

I'd now close the long US$ vs CAD position at a loss, around 50 pips, and switch to short ! Now trades at around 1.3540 . SL would be placed around 35 pips above entry, TP around 100 pips below.

I don't think this answer makes sense, sorry - not meant to offend you. Of course, first and foremost, when it comes to trading, one has to be a realist as in everything in life. I'm smiling at your second sentence - there's little to know about Forex, and why should forex brokers (how do you...

Thank you for your input, murray t turtle !

+ (markets will close in a few hours) a long setup for the pair USDCAD (US$ vs canadian Dollar), I would initiate a long position @ now around 1.3589. SL would be placed 60 pips below entry price, Profit target would be as of now 150 pips above entry / fill.

O.K., my "final final" FX setup I present for this week. I think the pair EURCAD looks like a good short candidate here. It's now trading around 1.5240, I'd initiate a short position with a 40 pips above entry SL, and 160 pips below entry profit target.

You're welcome to post setups here in "my" thread, padutrader. Preferably the way I do it, with entrylevel, SL & profittarget.

Pair GBPUSD is now approaching 1.24, I'd move the TP to 1.23 and the SL on entry price, so no loss is realized if the trend reverses to uptrend or alternatively, to 1.25 in order to secure a small profit. EDIT : Same with GBP / CAD, would pull the SL to breakeven or slightly below to secure a...