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jack.canadia replied Jun 6, 2009Who is your broker? I would love to trade gold .. thanks
From 10k to 1 million...
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jack.canadia replied Jun 6, 2009Not to say you should do what I say, but this is what I would do. You need a goal per week. Maybe an average of 5% a week? Account = $10,000 Leverage = 1:5 (meaning the max pos. with 10k balance is 50k, 5 mini lots) Week1 - 5% = $500.00, or 100 pips ...
From 10k to 1 million...
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jack.canadia replied Jun 6, 2009If you want to use VSA with a pair, try following its ETF. For GBP/USD, I use the currency shares british pound sterling trust ETF. Check out these charts.
How to Blow $200 account using VSA---
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jack.canadia replied Jun 6, 2009Bones I couldnt agree more.. I am looking to short anywhere from the 38.2 to 61.8 .. I'm thinking I'll start scaling in at the 38.2 depending on the momentum any retracement has. And a nice target is 5300-5500 .. But then we should look to set up ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 6, 2009I am with fxcm.. I know with entry orders you can change it from an at best to market range order .. meaning if price blows past your entry price of say, 1.5000, and you set it to only fill within 2 pips of that, if no price is available within 2 ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 6, 2009They didnt charge you anything .. What happens on some news releases is a large influx of buy or sell orders .. So large that price may gap many pips from the price before the release to a new price that is very different from the pre-release price. ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 6, 2009What strategy are you using? After this much time you should be well into 12-15k.
From 10k to 1 million...
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jack.canadia replied Jun 6, 2009For EUR/USD, I favor a short near 4075/4120 with a 1.3700 target.
Jack C's Trade Plans and Ideas
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jack.canadia replied Jun 5, 2009The pound isn't that clear .. Definitely volatile the past few days. I favor a short in the 50/61.8% retracement zone (6300-6380). Target remains as per my sentiment at 5300.
Jack C's Trade Plans and Ideas
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jack.canadia replied Jun 5, 2009Price action is now bullish on USD/CAD. Here is my plan for the start of the week (June 8). Wanting to buy a 61.8% retracement of current leg up at 1.1030, which is also support/resistance plus a trendline. Bearish 1-hour MACD divergence may help ...
Jack C's Trade Plans and Ideas
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jack.canadia replied Jun 5, 2009Should have been long USD/CAD!! .. Floating +400 on multiple lots.
No Brainer Trades
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jack.canadia replied Jun 5, 2009I see .. still holding my USDCAD trade from 1.08 though .. its doing nicely
Cable Update (GBPUSD)
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jack.canadia replied Jun 4, 2009Yeah .. I mean, in the end what do you or I know? At anytime, during anyday, we could be hit with any type of news when we least expect it (today for example). That caught alot of people off guard, some of whom were still thinking longs. So in the ...
Cable Update (GBPUSD)
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jack.canadia replied Jun 4, 2009I've been watching this one too. I favor the downside.
No Brainer Trades
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jack.canadia replied Jun 4, 2009Well CAD rose really fast .. I don't think that would effect the economy greatly unless we stayed at these levels for an extended period. Nonetheless, I dont think we are out of this slump. One more pullback in equities before we go forth imo.
Cable Update (GBPUSD)
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jack.canadia replied Jun 4, 2009There is actually no consistent correlation between the NFP number and movement of the dollar. Plus I dont like Kathy Lien lol I think NFPs will be worse than expected with the GM layoffs and closure of many dealerships, along with their bankruptsy ...
Cable Update (GBPUSD)