Find a trend and milk it for all it is worth. That's how to be profitable
- Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Find a trend and milk it for all it is worth. That's how to be profitable
I have found this pair a bit of an animal to trade. A few days ago I had a choice between usdcad, euraud and eurgbp. I traded the other two. For me its movement is very erratic.
BTW: Slurpee where have you been?
Olu
Yeah, it is kinda weird...
I will give it a chance though...I am very busy lately, so the only time I have free I try to have some rest
Live it or leave it!
I decided to move SL to BE + 5 on both positionson my USDJPY trade as they are now at + 60 pips, just incase there is any intevention.
Good job, it was a valid trade... But be careful, with 100-150 pips SL and Target around 30-50 pips, your winning rate would have to be much bigger than this system has...
Live it or leave it!
- | Joined May 2010 | Status: Member | 357 Posts
first SL hit at +170 pips, second trade running per rules...
You must mean first TP hit ?
- Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Find a trend and milk it for all it is worth. That's how to be profitable
- Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Find a trend and milk it for all it is worth. That's how to be profitable
I shorted EUR CAD on IBFX mini platform. I think I'm taking this pair out of my possible currencies.
I've lost twice with this pair now, and it doesn't seem to fit in with system.
Thats ok hyper...don't give up.
Watch for the 1.4300 area.
If that rejects....then look for short for a few pips.
Please check out the weekly chart.
Stuck btwix 1.4300 and 1.3400.
Above 1.4310 weekly close then higher.
good hunting,
golferfx
- | Joined Aug 2011 | Status: Member | 41 Posts
Thanks for the support Golferfx, I appreciate it. 
I think I may have entered prematurely on EUR/CAD. I entered when the 2nd red candle closed right below the 100 MA, literally 5 pips below the 100 MA.
However, it looks there may be a better entry later on, as you said after it hits 1.43000 and then goes below the 100MA, I may re-enter. Maybe I should look at the weekly trend to confirm down trend.
EURCAD is going straight up in weekly stochastics.
Here's the chart:
I think I may have entered prematurely on EUR/CAD. I entered when the 2nd red candle closed right below the 100 MA, literally 5 pips below the 100 MA.
However, it looks there may be a better entry later on, as you said after it hits 1.43000 and then goes below the 100MA, I may re-enter. Maybe I should look at the weekly trend to confirm down trend.
EURCAD is going straight up in weekly stochastics.Here's the chart:
- Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Find a trend and milk it for all it is worth. That's how to be profitable