Thank you for posting your chart. I scalped the USDCAD last night. Currently I am a little skidish on the USDCAD because of the mess in the Eurozone. As Europe burns, I expect commodities to take it on the chin even more. When this occurs the dollar will become stronger, as it has in the past.
I know this thread is about PA. I use PA all the time but I also consider the fundamentals too. It has kept me out of trouble in the past.
Happy Trades,
fxstir
Ignored
Well, it looks like I was wrong about the USDCAD and fundamentals. I started out with fundamentals and sometimes they keep me out of trouble. Today they kept me from earning a boat load of pips. I need to trust PA more and let a portion of my trade run. I'm still learning.
Happy Trades,
fxstir
Ps. I think I'll have some crow for breakfast - yuck.
Update: Originally the trade started going against me but it has come back down. I don't like the price action and may not stay in it for very long.
Happy Trade,
fxstir
Ignored
I should have stayed in this one or at least let a portion run. I had posted the 30min chart but this morning I looked at the gbpznd daily chart - WOW!
Does anyone here position trade using PA? Your thoughts?
