USDCAD – trigger happy
I sold and it shot up... I was impatient and wanted some trading action and lost 20 pips! Have to be more careful...
Posts Tagged usdcad
The hardest thing in trading – knowing when to close out – Forex trading
I really seem to be getting the hang of trading the forex markets lately and my account is at all time highs... long may it be like this. I don't really know if it's me who has improved or simply that the markets are favouring my style of trading... anyway, I am happy with how things are working out except for the fact that although I enter quite well, I seems to be taking profits far too early still... here are my trades for today... I went long the USDCAD forex pair at 12515 and close
2nd January – Trading update – or lack of!
Hi all, I'm not back to full swing as yet... remember I was talking about the EUR/CAD last night? Well, it did go higher in fact, it went up to 1.4690 and is currently sitting at 1.4641. I should have kept it at the 100 pip limit order when I took profits at 1.4500! I have just gone long USD/CAD at 0.9937 with a 100 pip stop and target, I'll see if I can hold this. The reasoning for the trade starts off by looking at the daily chart. If you look at the stochastics, you can see that it h
