Disliked{quote} The GBPCAD is a real mover. It likes to sleep then BAM!!! Whips both ways as Supply and Demand hit the market on news events. Call it stop hunting or whatever but I've notice this to happen alot on this pair. Price is to easy to move. I use to trade it. Really good signals (as PA goes) and follows the harmonics well but I couldn't take the pain of having my stops further then ussual.Ignored
As you were saying, would have to stick to our preliminary stoplosses as price moves rapidly. I have to work on the proper placement of these stoplosses as far as ab=cds are concerned.
I follow only one person and his strategies...