Usd/cad

Discussion in 'Forex' started by Ivanovich, Sep 30, 2005.

  1. Relevance of one's stops will match the entry.

    If your enter positions at meaningful junctures (whether technical, fundamental, psychological), your stops will have meaning as well.

    If your reason for entering a position is because "it's up/down too much", then yes, your stops will be meaningless. But it just so happens that these are the situations where having no stops will blow you up. The solution in this case is obvious: don't do the trade.
     
    #441     Mar 1, 2006
  2. RSI can be a valuable tool - and I classify that as "it's up/down too much".
     
    #442     Mar 1, 2006
  3. If rsi gets you in the trade, how does it get you out in a strongly trending market?
     
    #443     Mar 1, 2006
  4. If I use 15min chart to enter the trade, 20 pips stop is perfect.
     
    #444     Mar 1, 2006
  5. You don't use RSI to get you out. You use it to confirm the time you should get in to go counter a trend. It's a "bounce locater" if you will.
     
    #445     Mar 2, 2006
  6. With a total debt for the U.S. now of around $40 trillion, I believe a better question would be who's going to buy your country out.
     
    #446     Mar 2, 2006
  7. It seems you've riled someone from the North who decided to join our party a little late, Illiquid. Be careful, they have mounties!
     
    #447     Mar 2, 2006
  8. Closed my 1.136 short today at 1.1335, seems soggy here. I think it will bounce upto 1.14 from here
     
    #448     Mar 2, 2006
  9. Impressive exit, at the exact low tick (offer) of the day, or even below that, depending on the feed.
     
    #449     Mar 2, 2006
  10. I was thinking that myself. :)
     
    #450     Mar 2, 2006