Caddie
Trade #12 USDCAD - The Dollar correctionHappy trading!
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
If target one is hit before opening positions, the trade will be cancelled.
Trade #20.1 GBPCAD - The stairway down of pound.My attempt to trade the trend down.
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
Trade #18 USDCAD - Trading after the breakout. (Pending long)This is a close up at the late correction of USDCAD. I've identified as a 4th wave of 5 at daily timeframe, which is expected to go sideways for some moments.
The entry is not aggressive as the projections leading price to the $1.35 in near future. Fundamentally it is quite possible as the recovery of the US economy and its 5-years-low-rate instigates a rate hike in near future compared to the canadian economy based partly on exportations low-priced commodities and recently lowered interest rates.