Ivan's Trade Thread, part II

I'm liking this trade to short USD.CAD spike when ES looks to plunge and recovers -- again today shorted 1.2382. Didn't go against by more than 2 pips I think. Somehow I didn't stay the full 100 pips it gave today -- talked myself into covering 1.2340 just a few minutes later. It seems usd.cad stuck in this range between 1.21 - 1.2450. I noticed the spikes are at lower levels each time. 1.2455 , 1.2425, and today 1.2385 or so. So maybe this corr trade might be coming to an end. Anyone trading the EUR or GBP profitably with these equity moves?
 
Quote from lynx2004:

I'm liking this trade to short USD.CAD spike when ES looks to plunge and recovers -- again today shorted 1.2382. Didn't go against by more than 2 pips I think. Somehow I didn't stay the full 100 pips it gave today -- talked myself into covering 1.2340 just a few minutes later. It seems usd.cad stuck in this range between 1.21 - 1.2450. I noticed the spikes are at lower levels each time. 1.2455 , 1.2425, and today 1.2385 or so. So maybe this corr trade might be coming to an end. Anyone trading the EUR or GBP profitably with these equity moves?
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I'm long USD/CAD. Looking for a week or so. Even though the spikes the lower, it's putting in higher lows and trend is still up
 
Quote from forex-forex:

But I will be in Group A soon, as I clearly posted.

http://elitetrader.com/vb/showthread.php?s=&postid=2178035#post2178035

forex-forex :)
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Group D to Group A in one step.
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lol, you obviously didn't understand the rest of the post!

Group D "the most likely next step they will fall into is group E......Like salmon swimming upstream to spawn and getting caught in the jaws of death, so too do these traders in their ill prepared mad quest to be in group A, wanting to bypass groups C and B altogether......"



forex-forex
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Group D-for-Doofus Loser



Now go play somewhere else sonny, this is a traders thread and you ain't one :D
 
Quote from davidmaria1:

2pape.jpg


We're still trading, right?

EUR/AUD
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Have you considered maybe using a short-term trendline to help you stay in for a few more pips, potentially there was another 150 in that long pretty much right up to where you went short...

Great entry, but poor trade management and exit?

(ps what's that little + symbol?)
 
The + symbol is the next candle.
Using 5,15,30,and 1 hr charts.
I've been using the longer timeframes for entry, maybe use the shorter (1-5) for staying in?

By the way, it's bouncing at .9500 pretty hard
 
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