TAS
Short

USDCAD expecting a move down to the trendline

FX:USDCAD   U.S. Dollar/Canadian Dollar
587 4 25
USDCAD             expecting a move down to the trendline on a three wave decline
Hi i buy eur/usd at 1.088 and now its down and im stressed i have loss now, u recomend close or wait ? And in the usd/cad u recommend me to sell?
Reply
TAS RicardoReyes
Hi. I cannot answer that, it's your money management, If I did answer I could make you loose money. I don't mess with other peoples trades. It might go lower still so if you are stressed already, you may have a stressed week ahead. Please manage your money and risk and don't use larger lots than your account can afford.
+1 Reply
MarkSterensohn RicardoReyes
@RicardoReyes, hey mate! My guess is...Why don't you sell EURCAD? Also maybe EURJPY you can buy it. You could add EURUSD at 1.0670 . Just use microlots. Then you'll be fine. If you use big sizes, that's your fault. @TAS Am i correct?
Reply
TAS MarkSterensohn
@MarkSterensohn, Hey Mark. I'm sure Ricardo thanks you. I don't know what kind of acount he has, if he can trade microlots (One of my brokers starts at mini lots). I also don't know his risk apetite and the equity he has. I'd rather stay out of the discussion. Hard enough loosing my money, don't want to be responsible for others.
+1 Reply
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