Cabot101Management
Short

The Euro rally is loosing steam here! Who wants 200 + pips ....

FX:EURCAD   Euro / Canadian Dollar
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8
167 6
So we are fast approaching some resistance on a couple of levels ,
Waiting for a retrace to the daily high @ 1.4930
Stop @ 1.5050

TP1 @ 1.4570
TP2 @ 1.42.40

The Cad is weak right now and OIL is down but this wont last forever .

( Be patient ) this is a longer term trade ................

Hope your all having a great Bank holiday .............
Comment: We have retraced to our level, and will enter after Euro zone PMI's to see what reaction we get to the data .
Comment: Okay so Euro zone PMI's due out this morning ,

Stay tuned it could get interesting.....
Trade closed: stop reached: stop reached for now no harm done , out for 90 pip loss keeping an eye on this as oil is tanking right now, which is why this has turned , going to wait until around the 1.53-1.54 levels before selling again and that will have got the french elections rnd 2 out fo the way aswell .

Trading is about giving back less than you make remember this is why we set our stops were saying to the MKT this is what we are willing to give back should it go against us
Comment: Okay so we promised you 200 pips and you have 250 so far , we reposted this and entered short again after the macron win Sunday @ 1.51 , buy the rumour sell the fact was the latest blog

Another profitable trade
I didn't get in on this one, but it's an important lesson. Learning to lose is just part of winning
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Okay we have started selling at 1.4960 levels

Stay tuned ......
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So. what now ? wait more? thx for you info!
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@MRDennis, what's your risk tolerance levels and timeframes for your trading ???
We cannot tell you where to get in .... only what we are doing with all the info provided , it's then upto you to make an informed decision that meets your trading criteria .
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I will gladly take those 200+ pips ;) Thank you!! Happy Monday!
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@JennEWhitney, Thats the spirit....
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