"Strong buy on USD/CAD" - What do you all think?

[golhuntsleep]

LOL that didn't work very well....woke up this morning up in the trade, went for a cup of coffee to be almost stopped out.....oh well, that a great example of why we trade small picking tops and bottoms.......

[kastro_316]

Originally Posted by golhuntsleep

LOL that didn't work very well....woke up this morning up in the trade, went for a cup of coffee to be almost stopped out.....oh well, that a great example of why we trade small picking tops and bottoms.......

lol those damm cups of coffee's are killers

When you jumping back on this pair ? - I am still in the long

[golhuntsleep]

I will sell this pair when we get back into the 1.12 area....best case scenario for a buy is you get to try to ride out a bumpy wave 4.....I will trade other pairs that are impulsing coming out of consolidation while keeping an eye on the Cad. retrace is coming, sooner than later. the icing on the cake trade will be the eventual sell trade to Par with the dollar........one thing to remember here Kastro, I was out of this trade pretty quick, I took my shot, it didn't work and almost no harm done to my account......keep your losses small if your still in the buy here, your stops are to big.......inflict damage when your right, suffer little to no damage when your wrong.......

[kastro_316]

Originally Posted by golhuntsleep

I will sell this pair when we get back into the 1.12 area....best case scenario for a buy is you get to try to ride out a bumpy wave 4.....I will trade other pairs that are impulsing coming out of consolidation while keeping an eye on the Cad. retrace is coming, sooner than later. the icing on the cake trade will be the eventual sell trade to Par with the dollar........one thing to remember here Kastro, I was out of this trade pretty quick, I took my shot, it didn't work and almost no harm done to my account......keep your losses small if your still in the buy here, your stops are to big.......inflict damage when your right, suffer little to no damage when your wrong.......

Yea, thanks for the info bud, already learning a lot from you

[ForexTraderMan]

I think it is definitely a strong buy. It might actually reach the 1.00 mark which seemed so improbable at the start of the year.