Janyary 2004
- Thread starter rezo_s
- Start date
You entered 1.3128 long usd against cad at 7:25am, then only 15 minutes later by 7:40am price started free fall until 10:20am to 1.3038. Now, price is 1.3049.
There was enough hints, that usd would be weak today. around 6:20 am price was 1.3038 from 1.3140 at 3:20am. So, you should have wait waited to go long after price crossed at least 1.3140.
May be your trade will work out this time, and do not hit your stoploss at 1.3015, I do not know. But, you are gambling.
Good trading.
There was enough hints, that usd would be weak today. around 6:20 am price was 1.3038 from 1.3140 at 3:20am. So, you should have wait waited to go long after price crossed at least 1.3140.
May be your trade will work out this time, and do not hit your stoploss at 1.3015, I do not know. But, you are gambling.
Good trading.
Hello Everyone,
USDCAD long position is still open at 1.3128, currently we are trading at 1.3080 after diving yesterday to 1.3037.
Stop is in place at 1.3015.
We are in channel on 240 min charts, which should be targeting the 1.3360 target area in the next move unless we break the channel. For now there are no changes in this position, and the outlook is still north on this pair.
As I already mentioned in the beginning of this week, Canadian is proving to be the weakest against USD at the moment. Even though we had a rally of 280 pips on cable, 220 pips on Euro and Swissy from day lows vs USD, whereas UASCAD declined only 130 pips from its yesterdays high.
That is it for now.
Oh, and dear manz66 : I apologize for not adding you to my ignore list after your show last week - I must have forgot. I will do it right awaw. Sorry again.
USDCAD long position is still open at 1.3128, currently we are trading at 1.3080 after diving yesterday to 1.3037.
Stop is in place at 1.3015.
We are in channel on 240 min charts, which should be targeting the 1.3360 target area in the next move unless we break the channel. For now there are no changes in this position, and the outlook is still north on this pair.
As I already mentioned in the beginning of this week, Canadian is proving to be the weakest against USD at the moment. Even though we had a rally of 280 pips on cable, 220 pips on Euro and Swissy from day lows vs USD, whereas UASCAD declined only 130 pips from its yesterdays high.
That is it for now.
Oh, and dear manz66 : I apologize for not adding you to my ignore list after your show last week - I must have forgot. I will do it right awaw. Sorry again.
Hello Everyone, hi eurextrdr!
Well, bad luck with the stop: I moved the stop to protect 50 pips after it was over 130 pips in my favor; stop was at 1.3178 and low was at 1.3177 on retracement from 1.3259...so it took my protective stop, and resumed the move towards 1.3290...now its at 1.3255. So I am out with 50 pips profit.
This was not a stop hunting, although its very unpleasant to see the stop hit and reversal of 100 pips in your direction. All data sources I checked showed low of /77 or /78, so there is no room to talk with brokers. Well, after all, its +50 pips...
Ok, that's it for now,
cheers
Well, bad luck with the stop: I moved the stop to protect 50 pips after it was over 130 pips in my favor; stop was at 1.3178 and low was at 1.3177 on retracement from 1.3259...so it took my protective stop, and resumed the move towards 1.3290...now its at 1.3255. So I am out with 50 pips profit.
This was not a stop hunting, although its very unpleasant to see the stop hit and reversal of 100 pips in your direction. All data sources I checked showed low of /77 or /78, so there is no room to talk with brokers. Well, after all, its +50 pips...
Ok, that's it for now,
cheers
Quote from eurextrdr:
......nice call rezo.....keep it up
eurextrdr -
It was not a nice call, only reason usd went up, because of the fomc reason, and nothing to do with technical analysis or prediction.
If feds did not hint of increasing interest rate, than that call would have been total bust.
