I have a specific method I use for trading cad/usd and aud/usd. Heavily involves the taylor method. Take a look at his book. Its much shorter term but you might find it interesting.
Trackstar - I've deleted your commentary and other post regarding other pairs. As I said in the original post, keep it limited to USD/CAD.
getting a nice move on that. Cool that you've locked in some profit on a retrace, but I think this does have a little bit to run. esp today. Dollar has alot of strength (relatively speaking) going into the weekend.
Nice call Yvan... In order to understand your money management, 250k makes your pip at 250$? right? so % wise why you do not decide to take your profit NOW than "risking" to limit your profit to 50 pips at .99 stop profit it can surely goes up to par...however the 5 or 10min charts show retracement below .99 so at .9934 you do the calculation 34pips at 250$ is good money to put aside... For the love of the game ZC
Because if you believe the trade is a good one, and your direction is positive, you need to let winners run. You can't just clamp them down because they're positive. Patience - especially in USD/CAD - is crucial in these trades and makes the difference between a good trade and an awesome one.
That's not fair that the mods can delete posts from their threads to keep things "limited" to the topic. ET should extend that luxury to all thread starters to keep the "playing field level".