I understand what you mean, if there is a large move like that it means a large financial institution with its millions of dollars of investment into forecasting predict that the price will go that way, a large portion of the time, it's right I must be honest, Sometimes it's wrong, sometimes its a dogfight.
But tbh, that wild wick, that was rare, I wouldnt expect one next time, but next time there may not even be a move/price response.
CAD, I plan to go short only on the USDCAD, I want to get in as early as I can, maybe 5 mins before, because I expect that int he 2 mins prior its going to go down 10 pips. Also I do not expect any whiplash if the rate remains at .5, if it decreases, its going be spastic,a nd its a failed trade sure. If it goes up which there is virtually no chance, well theres no chance so thats the end of that. TP 30 pips SL 10 or 15. Trading small. If USDCAD goes down and hasnt hit the tp yet , I want to hold the position for 2 mins and then exxit
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But tbh, that wild wick, that was rare, I wouldnt expect one next time, but next time there may not even be a move/price response.
CAD, I plan to go short only on the USDCAD, I want to get in as early as I can, maybe 5 mins before, because I expect that int he 2 mins prior its going to go down 10 pips. Also I do not expect any whiplash if the rate remains at .5, if it decreases, its going be spastic,a nd its a failed trade sure. If it goes up which there is virtually no chance, well theres no chance so thats the end of that. TP 30 pips SL 10 or 15. Trading small. If USDCAD goes down and hasnt hit the tp yet , I want to hold the position for 2 mins and then exxit
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HMSR