Hello, traders.
4Hour chart USD/CAD with some FIBs
Trying to go with the overall trend which I think is down for this pair, and I do not see support till around .9050 my target is .9380 but it might stall around .9440
What I really want to know is…
A) Is this an ok trade?
B) Is my stop reasonable?
It’s the kind of thing I always stay clear from, it’s countertrending, far too often is shoots past, there’s a very valid reason for the saying - The trend is your friend.
Sorry, I read it wrong, I though it was a long entry, so on that score you were right, it’s a with trend trade, but I think it would be better to short on the break of the little retracement.
better to short on the break of the little retracement…(i agree) Just for more confirmation of support turning into resistance?
yeap, id short to .9350
SL around .9710
I would have been looking to short about where your stop is going and have taken profit by now. In the current situation I would leave alone. Looking at the chart, I would say you are ‘selling low’ rather than ‘selling high’. (not to say the trade won’t work out, just one I wouldn’t have taken).
not to mention, EUR/USD looking to tank, giving USD a bit of power high…
I personally dont even mess with this pair, Im strickly EURUSD,
But I can pretty much forecast anything, LOL,
I don’t know about ‘tank’ but with you on EU short. Been short since Friday and its still looking good. :33:
Not too bad a trade, but it was pretty risky, but right idea, a with trend trade after a bounce.
I hope no one minds that I make this thread my Journal/Blog thread. With all the school work I have and all the new links/sites ive been introduced to lately I need to keep it as simple as possible. I went on Meetpips.com and while i loved the fact that I was able to make a trading plan there, its just way too confusing to ask questions here with screenshots and all and then going back there and doing the same just isnt very productive. So Im gonna post all the trades I take on, here. Still trading just one unit per trade. Dont really care about the paper money I just want to take good trades and stick to my plan and be disciplined.
Ok heres another trade I took, same old FIB hit off .618 on USD/CHF and going with the overall weekly/daily trend which i belive is down… 4h chart, any comments and suggestion ALWAYS welcome.
Its a tough call… GJ will broadly follow GU and GU will broadly follow EU. Its a paper chase! LOL Keep an eye on EU at all times! 
GJ meaning GBP/JPY? and GU meaning GBP/USD? and EU meaning EUR/USD??? lol sorry for the retard questions but im new to forex. so basically EU can be used as a sort of leading indicator for trades in GJ and GU?? (kind like the QQQQ for NASDAQ stocks?)
No thats a valid question… sorry for the shorthand, yes to all of the above. Yes EU is the big wheel to look to given that around a third of the daily $3.5 - 4.2B is traded on EU. It moves, you can bet it will impact to a greater or lessor degree on the others.
Do I have the right idea here? Is this weekly trend reversing? I know it could just as well make a new 5 year high from here.
I think you meant 3.5 to 4.2[B]T[/B]
A big T at that;)
LOL… ‘T’… ‘B’ its late here! 
