DislikedEC- Stopped out. This setup was either not good enough or a had my stop too low at 30 pips. Looks like it may work now though. Maybe i should stay away from the minors unless the setup is extra special?
ECHF - Had my order in for a while but when price finally hit it at 2894's it was not filled due to a margin mistake on one of my brokers. Worked well though.
Thinking maybe i should stick to the majors.Ignored
To illustrate,.. EURCAD will show you move's that are derivative of moves in EURUSD and USDCAD. Cause their is not enough money flowing (not much people trading it) into EURCAD to hold PA-SR without the order flow in USDCAD and EURUSD impacting it.
U can see LJ trading them but he would agree with me that trading minors is not as simple as trading majors cause of proper supply and demand factor that makes your SR and PA hold in majors like EU and UC but you dont get that comfort when trading 50 fibs on minors cause any change of dynamics in thier associated major pairs will take it out of the equation as there would be no real orders to hold it on its on against the derived move.
So for an example if u want to trade Ecad u better know what should happen to Ucad and Eu in order to make Ecad go in your way.
Another point, Yeah u can trade big PA bars on daily and above on Swing high lows and major monthly PPZ's but my point is that when u are taking 50 fibs on 1h (just an example not targeted at anyone) u better know what i am talking about above.
Its a little advance stuff so i'd advise to stick to majors in ur early days.
P.S: USDX is not tradable its just a basket of several other Ccy's.
http://en.wikipedia.org/wiki/U.S._Dollar_Index
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