USD/CAD

But what comes first? Lower low here or a push back up? Looks like it is a slow ass break out right now on some heavy support agreed. But that doesnt mean it will bounce right back up.

Still have my long tp 1.0040

I took my loss, will make it back soon enough. Dont want a margin call, ever

if your worried about a margin call you were a bit too leveraged my friend... i'm still in my position, its leveraged but nothing crazy.

looks like tmrw is a relatively quiet day news wise, all eyes will be on riots in athens me thinks

50:1 ?

Well the drawdrown was at my 10% my emergency stoploss. So what would you rather do: sit out for a week and look at a big loss that could get bigger, or cut that and be able to trade this week and make it back if not more?

Were you all in 50 to 1 or is your account 50:1 im using about 9:1 at the moment, still high...

But yeah taking a loss to trade another day is the virtue of a good trader so thats good

I was using about half of my available units.

7) >>> Usd/Cad <<< Weekly view - 4 Hours Chart (21-25th of February):

To YOur Success,
Doctortyby

I took my profits earlier @ 1.004 for 41 pips

why????

Usd/Cad-1Hour chart-28.02-Update

-Bullish Probability above the Key Level 0.997(confluence between 200SMA,Weekly Main Pivot and Downtrend Line Dynamic Resistence)price could confirm the breakout from the Downtrend on the 4Hours chart and move up to 0.999(100,50 and 30SMA future cross)and further to 1.00(Daily Pivot from Tuesday)and reach the Key area between 1.003-1.004(Monthly S1 Pivot,confluence with Weekly R1 Pivot and Daily R1 Pivot from Tuesday,also a possible confluence with the Main Downtrend line on the Higher Time Frames).

-Bearish Probability;Price is standing on 0.995(Daily S1 Pivot from Tuesday),just under 0.997(Key Level,confluence between 200SMA,Weekly Main Pivot and Downtrend Line).

We could see a small retracement back to the Weekly Pivot and then a downside move to reach first 0.993(Confluence between Weekly S1 Pivot and Daily S2 Pivot from Tuesday)and further to 0.99(support and Downtrend secondary line)and 0.986(Key confluence between Weekly S2 Pivot and Daily S3 Pivot from Tuesday).

To Your Success,
Doctortyby - Tiberiu

I have a long which is 38 feet under water now. But I'm a scuba diver and I've been @ 140 feet deep, so holding on!

haha,u r a joker! but i do share your sentiment abt this pair too! big rally coming for this pair!!! come on!

49 feet deep now, still peanuts for the hobbyist,
I'll add long @ 0.9905

ya man bro! where is Big Rally coming?

The USDCAD pinbar at parity was a nice entry into this current move lower.
http://www.forex-fx-4x.com/wp-conten...-breakout1.jpg

Dont worry Bro! a big rally is on its way! maybe when US market opens? keep our fingers crossed,my chart tells that this pair will rally to 1.0020 Min by today.

LTRO pushed me down to 73 feet, but like any good trader I doubled my position @ 0.9898 and now I'm almost in shallow water again.

Note: I didn't add to a losing trade, I'm just scaling into a winning trade.
30 feet deep at the moment.