USDCAD Long

Quote from Gcapman:

Hate to break it to you - but as I see it.....big downside coming soon
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my new bestest trading buddy Gcapman:p

This is just a technical base day trade not a position trade. I know I'm swimming upstream ......again ugghh

Since you mentioned it can you tell me about your analyis?


update:

SLD 200,000 USD USD.CAD Cash 1.0438 CAD IDEALPRO 13:29:31

looking for possible short
 

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Quote from Masterchanger:

SLD 200,000 USD USD.CAD Cash 1.044 stop 1.0445
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a stop .0005 away...

It's so obvious you're leveraging way beyond your means. Let me guess 200:1... maybe 400:1?

Stop trading now. You will regret it otherwise.

I'de put a short of 200,000 on your account if I could. Now that sounds like a winner.
 
Quote from Insurinator:

a stop .0005 away...

It's so obvious you're leveraging way beyond your means. Let me guess 200:1... maybe 400:1?

Stop trading now. You will regret it otherwise.

I'de put a short of 200,000 on your account if I could. Now that sounds like a winner.
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Thanks for your input, i'm looking for that.
I made a mistake in the the entry and stop placement.
expecting a resistance level to hold. I didn't need to risk 50-100
pips
to test that hypothesis. I was too early in that entry and i'm still getting a feeling for forex. If my approach to trading these scenarios is not gonna work, I'll know without loosing thousands of dollars IMHO.

BTW, I'm only using 40:1 leverage.
 
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