USD/CAD Trade

Hi all once again…

I’m going to be selling this pair now…

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Sell= 1.2740
Stop= 1.2840

Remember…one lot only, and we adjust the stop at the high of each day that closes.

Hi folks,

Well it looks like we had a perfect entry point and the trade moved nicely in our favour :slight_smile:

I’m adjusting the stop to the high of the last candle which just closed.

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Stop= 1.2758 (including 4 pip spread)

Lets see how tomorrow will go.

Hi all,

Well today was a little volatile but our stop wasn’t hit so the trade is still going. All we do now is adjust our stop once again to the high of the previous day candle which closes on my meta trader at 11pm.

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Stop= 1.2748 (including 4 pip spread)

Its not that much lower but we’re reducing our loss if it moves against us. Lets see how tomorrow goes :slight_smile:

Hi all,

Ok we’re going to adjust our stop once again, but this time we’ve locked in some profits :slight_smile:

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Stop= 1.2671 (including 4 pip spread)
Pips Locked= +69

Now we just sit and wait, because we can’t lose now :slight_smile:

Hi all again,

Well its been an awesome day for us, as the the pair fell rapidly :slight_smile: Once again we’re going to adjust our stop to the high of the day and lock in more profits now :slight_smile: Even one of the moderaters “happy pip” is now looking to short this pair, but we got in at a better price than her :stuck_out_tongue:

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Stop= 1.2613 (including 4 pip spread)
Pips Locked= +127

Hopefully tomorrow we should see more of the same :slight_smile:

Warrior, what condition(s) did you see that caused you to enter this trade. I’m just wondering if it was partly because of a glaring triple top set over the last couple of months at 1.3000, or were there other technicals/fundamentals at work here also? Thanks in advance, Rob.

2470 to 2451 should be considered at the moment as a side order to your short, and understand that that short will turn into a long pretty danged soon – watch and see !

next week should be considered !

try charting with the LRC which brings things into the light much clearer.

enjoy and trade well

mp

[B][I]Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !

As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence – BUT I KNOW WHERE THEY HID THE KEY !! [/I][/B]

Hi guyz,

To= mp6140

Whats “LRC” and how does it make charting clearer?

To= rob54

The triple top mate was the first signal, then the “shooting star” on the third peak, and then stochs and volume all came together and made the signal concrete :slight_smile:

Hi all,

Once again lowering that stop to lock in those profits :slight_smile:

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Stop= 1.2515
Pips Locked= +225

Lets see what happens next week!

LINEAR REGRESSION CHANNEL

more info at 301 Moved Permanently

enjoy and trade well

mp

Hi all, hope you all had a good w/end :slight_smile:

Well our trade still remains open, so all that remains to do is lower our stop.

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Stop= 1.2466
Pips Locked= +274

Hopefully we should have a good day tomorrow and lock in more profits.

Hi all,

What an awesome day for our trade :smiley: Hopefully tomorrow’s day candle aint gonna be that high so we can lock in some wicked profits.

All we do once again is lower our stop to the high of the day and lock in more profits!

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Stop= 1.2380 (including 4 pip spread)
Pips Locked= +360

Our original trade entry had a 100 pip stop, so you can see we have more than tripled our risk/reward ratio :smiley: Long may it continue!

Hi all,

Another cracking day!! We just keep locking in those pips!!

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Stop= 1.2126 (including 4 pip spread)
Pips Locked= +614

Hi all,

Well our stop finally hit taking us out of the trade :slight_smile: But its all smiles because we got away with a massive +614 pips!! That can’t be bad for christmas, especially when your playing �20 a pip :smiley:

Have a great xmas and new year and I might post another trade next year :slight_smile:

Great trade Warrior, and thanks for all the updates. Have a wonderful Christmas and a prosperous New Year!
-Rob-