Usd/cad

Quote from illiquid:

Don't mean to mess with your head, but "no stops" only has to not work once, if you know what I mean. Hope you have a mental number in mind.
More...

I would reconsider my postion if it hit .1150 and it looked like there was a clear downtrend.

I was getting tired of the intraday volatility. My stop would get hit and I would suffer a huge loss only for the pair to be profitable five minutes later, had I still had my position. My stop was over 150 pips away from my entry and it would still happen!

It just goes to show how unique this pair really is. I see what you're saying and I don't reconmend anyone follow my style but it's working for me.
 
Quote from The Kin:

I was getting tired of the intraday volatility. My stop would get hit and I would suffer a huge loss only for the pair to be profitable five minutes later, had I still had my position. My stop was over 150 pips away from my entry and it would still happen!
More...

I have experienced similar agony with this pair. I get scratched out 100 pips north of my entry and then half an hour later, it's right back where I entered the trade.

Now, I only enter this trade (short) on the spikes higher.
 
kalzayani ,

Once again, please post about the CAD. This is NOT the thread for CHF or Cable. We've had to ask you several times about this, I don't know if it's English or just that you forget.
 
Quote from Ivanovich:

kalzayani ,

Once again, please post about the CAD. This is NOT the thread for CHF or Cable. We've had to ask you several times about this, I don't know if it's English or just that you forget.
More...

Thanks, Mod. :)
 
To pick up on a previous points on stops - what are people's views?

Is it better to have a wide stop (100-200pips) and smaller leverage, or vice versa?

I say this as the CAD can be volatile, but nothing is more frustating than your stop being hit and 2 days later, your original position would be profitable by 100pips.

My current position is short 1.136 tp 13, sl 1.146
 
Is it better to have a wide stop (100-200pips) and smaller leverage, or vice versa?
More...

It depends on the pair

USDCAD = no stops when I'm long
USDEUR = stops are 20 pips or less

I'm new to the Forex game but I truly believe each pair has to be played differently. USDCAD is definitely one of the unique ones. Obviously if I'm not going to have a stop, I use less leverage.
 
Why no stops when long? Do you use stops if short on CAD?

I suppose the 20pip stop on the eur/usd is fine if you use a 5/15min chart, but a longer time frame you'll get stopped all the time?

Do you know any examples of "all-in" set-ups in fx trading, I always wondered if there were any or just a myth?
 
Quote from YeahIknow:

Why no stops when long? Do you use stops if short on CAD?

I suppose the 20pip stop on the eur/usd is fine if you use a 5/15min chart, but a longer time frame you'll get stopped all the time?

Do you know any examples of "all-in" set-ups in fx trading, I always wondered if there were any or just a myth?
More...

Again, I'm new to the game. Just experimenting. I have no idea what a all-in set-up is.
 
You must log in or register to reply here.
Back
Top