BUY — Usd/Cad 1.0966 – 40 pip stop, target 120 pips
BUY — Usd/Cad 1.0982 - 40 pip stop, target 120 pips
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These trades are usually based off the 4 hour time and daily time frames, and usually stop loss orders of about 50 pips, with take profit orders of about 70 or more pips, so it’s a good way to profit for yourself. You are entering these trades at your own personal risk, so place your stops and take profit orders according to your personal risk tolerance factors. You may want to have more narrow stops than me, and you may want to take profits sooner, than my suggested prices. I’m hoping my customers and blog subscribers will benefit from my mentoring — my hope is to help a lot of people beat the market! These are not the only trades I’m taking myself, but these generally are trades that require at least 4 – 24 hours to hit reasonably close targets, and I myself, will take profit sooner rather than wait for the last dollar, if the market moves faster than anticipated. Remember, you never lose taking a profit! If I’m deep in the money on a trade, I will sometimes move the stop to break even, and let it ridelet it ride — then worst case scenario, I lose nothing, but potentially gain more profit in the end… point is taking profits, is always a very subjective decision, to say the least!
THANKS – live long and proper – JOSEPH WOHLERS