Buy on USDCAD based on Daily and 1 hour support levels.
Sunday
Feb
12
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Ross, thanks for the USDCAD trade. I closed out for 21 pips profit. I just can not believe that this is free. I look forward to working with you for life.
Have closed 23 pips and holding the rest of positions at break even (B E)
THANKS ALOT AGAIN ROSS, 23 PIPS, GREAT TRADE, I REALLY HOPE YOU’LL BE AROUND FOR AWHILE ! THANKX AGAIN !
Hi Ross
can you tell me what size stop you tend to use on a trade like this. Thanks Sean
Nice Trade call Ross…great job!…very low draw down….nice entry point!
Sean,
The stops that I use are generally 30 to 50 pips based on similar technical indicators used for the entry (trend lined, support/resistance, etc.) However, I adjust my trade size for the stop required in order to stay within my risk management guidelines which are usually 3-5% of account balance on any one trade. So stops should be adjusted to meet your own risk guidelines.