You're doing alright... The nice thing about these pullbacks is that you could literally just have a strategy where all you do is trade pullbacks after new events for a profit target, and probably be successful with a fairly high probability rate... I, however, am a trend guy, so I'm looking for the big win... (I end up taking a lot of losses for those big wins... I just closed a 300+ pip trade on GBPUSD yesterday...)
Are you being sarcastic? Yea, even though it's hard to predict where the bottom/top is for these pairs, they sure set up some nice channels to trade in. 300+ pip on GBP/USD - Very nice! At what point will you turn bullish USD/CAD? Take care, -Kastro
Actually, no. Yes, I was quite happy. When the market tells me... I actually trade off of a couple different timeframes. One timeframe tells me which direction to trade based on the trend, and another actually defines my entry/exit signals.
FWIW Governor of bank of canada not happy with strength of canadian dollar. http://www.theglobeandmail.com/servlet/story/RTGAM.20060503.wdodge0503a/BNStory/Business/home