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InsideMarket
Sep 8, 2015 11:42 AM

Trade #2 USDCAD - Trading the trend. Long

U.S. Dollar/Canadian DollarFXCM

Description

Price-action suggests trend continuation. This pair has been in consolidation for a while.

Happy trading!

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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.

Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.

If target one is hit before opening positions, the trade is cancelled automatically.
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