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Aug
30/10
Sell USDCAD at 1.0540
Last Updated on Monday, 30 August 2010 02:19
Written by Ross Mullins
Monday, 30 August 2010 02:19

Sell posted to TAP at 10:05am ET sell at 1.0540. Intraday trade based on Fib and historical supports viewed on 1hr and 4hr charts.

USD/CAD Chart Picture

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This entry was posted on Monday, August 30th, 2010 at 2:19 pm and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


3 Comments
  1. CommentsCraig   |  Tuesday, 31 August 2010 at 9:01 am

    CAn you tell me what TP I can use on this one?

  2. CommentsRoss   |  Friday, 03 September 2010 at 2:14 pm

    It is usual to lock in break even on a trade once I see 20 to 25 pips of profit. This gives traders the chance to either close the trade with profit or stay in.

    Choosing a stop loss is often based on individual risk management practices. Several factors can play into this such as margin size, exposure limits and leverage set up. My stops will usually range between 20 and 60 pips base on technical characteristics of the trade.

  3. CommentsVimal   |  Saturday, 04 September 2010 at 4:16 pm

    Mr. Ross
    I am a new forex trader,can you give me some tips in setting a stops


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