1h and 4h is showing some bullish divergence.
But we just got another lower low on the hourly. TP'd half. Looking for a test of .9925.
But we just got another lower low on the hourly. TP'd half. Looking for a test of .9925.
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
USD/JPY - USD/CAD any thoughts? 4 replies
CAD export / USD/CAD price 3 replies
DislikedAgree with you two. I'm really pessimist for my long. Just waiting for the release of 10year bond data or for a clear break of my 30m tl.
I'll not hesitate to cut with losses and damages if the datas are bad for us.
That's the game !Ignored
DislikedI like long positions at these levels as long as I had the margin to see it through for a few months.
In my eyes, CAD is still benefiting from the sidelined cash and the "risk on".
So either we go into another panic "risk off" - USD jumps. Or we continue to see normal growth and normal market reactions and USD grows from good news in the housing and job markets (med -long term). But that's just meIgnored
DislikedI like long positions at these levels as long as I had the margin to see it through for a few months.
But that's just meIgnored
DislikedThank you for your positive feelings !!! It's not a question of margin call, I've made enough green pips in scalping in and out with the kiwis this night and this morning. I just want to be stricly disciplined in cutting position, when it seems that It must be done, bcz the charts tell me to do so.Ignored
Disliked
I.E. If I'm long USD/CAD right now. If I want to initiate a stop loss, I instead ask myself if I'm comfortable opening a short position here. Essentially your loss is already gone, will you make more money going long or going short from here? The other scenario is... I don't know what the hell is going on, so I'm out until there's more clarification.Ignored
DislikedIt may one day bite me. But I'm not a huge fan of "stop losses". If I get out of a trade, I go through the exercise of taking an opposite position.
I.E. If I'm long USD/CAD right now. If I want to initiate a stop loss, I instead ask myself if I'm comfortable opening a short position here. Essentially your loss is already gone, will you make more money going long or going short from here? The other scenario is... I don't know what the hell is going on, so I'm out until there's more clarification.
I dunno, that's my process haha.Ignored
DislikedI look at it like this. If you think it's going to go against you for a little bit before eventually turning, might as well try to get a better price. You don't need to reverse the position because the r/r isn't the same. If price happens to turn right at your stop and you don't get a better price, you bite the bullet and miss out on a a few pips. USUALLY though, you'll get a better price and be happy you exited and then re-entered.Ignored
DislikedIt may one day bite me. But I'm not a huge fan of "stop losses". If I get out of a trade, I go through the exercise of taking an opposite position.
I.E. If I'm long USD/CAD right now. If I want to initiate a stop loss, I instead ask myself if I'm comfortable opening a short position here. Essentially your loss is already gone, will you make more money going long or going short from here? The other scenario is... I don't know what the hell is going on, so I'm out until there's more clarification.
I dunno, that's my process haha....Ignored