I remain long, contrary to Greg's advice on pip and run. I am taking a small haircut for now, ~15 pips down but I think this 1H chart might hold up
1.0460 and 1.4090 are targets, entry was 1.0450
I took small position long at 10425, but looking at Greg's charts I might square it. I will keep watch it early in the morning when the Asian markets opens.
This USDCAD trade looks promising. There may be a possible bounce from the support zone. I am willing to risk playing with a larger position size on this trade. As the risk to reward ratio is very favourable at 1 is to 5.
LONG USDCAD around 0.9800-20
Stop loss below 0.9780
Target profit 1.0000
How are you positioned? Don't be shy, tell us the currency pair that you are either long, short or the level you are waiting for.
No need for a chart (unless you have the time) - you can even post a non FXCM/DailyFX chart!
This is just a great way to get everyone to participate and get a sense about market sentiment through our forum sampling!
DailyFX forum - Where pros and rookies are welcome to post!
*Join the forum today to interact with traders. Send an email to azambrano at dailyfx.com if problems with you forum account.
DailyFX forum - Where pros and rookies are welcome to post!
*Join the forum today to interact with traders. Send an email to azambrano at dailyfx.com if problems with you forum account.
DailyFX forum - Where pros and rookies are welcome to post!
*Join the forum today to interact with traders. Send an email to azambrano at dailyfx.com if problems with you forum account.
Trader, Gregory McLeod moderates the DailyFX Forum.
If you are a new user to the DailyFX Forum, or not sure where to get started, please go to: How To use the DailyFX Forum and Introduce Yourself! Section. I’ll introduce you to the community and point you in the right direction.
Please use the “Ask the expert” section to ask me trading questions or reply to me in this thread.
Webinar: Watch me Trade Live Tuesday, Wednesday, and Thursday at 5:30 ET/9:30 GMT inPip & Run Trading Room.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.