Thread: Help me Please, i have a problem with Eur/Cad

I don't think he's coming back. His Drawdown was 6000$ on 8k account when price was still at 5900 today it moved up another 300 Pips.

wow! I know a lot of people are against trading with stops, but people please! If you believe that your stops have been hunted place in a worst case situation set and stop it 100 pips away from the current price action.

I discovered the hard way trading corn with no stops - lost 6k in around 15 minutes. Never again - now I always understand my cry uncle point.

Personally, I don't see why you would risk over 50 pips on every other trade. Should you enter near pivots, supply-demand lines and the price moves over 50 pips from you - you were incorrect! Time move on to the next trade and to take the fact.

I wish you the very best of luck and hope you take this as a costly learning experience and continue trading.

The game taught me the match.
And it didn't spare me rod whilst instructing.

-- Jessie Livermore

Originally Posted by ;

wow! I know a lot of people are against trading with stops, but folks please! If you think your stops have been hunted only put in a worst case scenario stop and place it 100 pips away from the current price action.

I learned the hard way trading corn with no stops - lost 6k in about 15 seconds. Never again - today I know my shout uncle point.

Personally, I really don't see why you'd risk over 50 pips on any commerce. If you enter near pivots, supply-demand lines and the price moves over 50 pips from you - you were wrong! ...

Thanks so much for encouragement, success in gambling

What is your account doing?
Failed to stop at 1.62 as it appears.

Originally Posted by ;

It is not that CAD is feeble, it's the strength of USD. EUR/CAD = EUR/USD * USD/CAD and since eur/cad follows since usd/cad keeps going up and usd/cad nearer than eur/usd it compels eur/cad higher. A potential hedge could be moving long on USD/CAD, but at this stage it might be too late. You could wait for a pull that is good back in USD/CAD and proceed, but use your discretion. Very good luck.

How do some compound currency pair follow one portion of this equation more tightly than another? It is a simple mathematical multipliion. Do you mean EUR/CAD is more responsive to fluctuations in CAD than in EUR?

Originally Posted by ;

How do some compound currency pair follow one part of the equation more tightly than the other? It's a simple mathematical multipliion. Do you mean EUR/CAD is receptive to changes in CAD than in EUR?

Http://en.wikipedia.org/wiki/Correlation
http://www.mataf.net/en/forex/eurcad

You are correct stating that it is a simple math equation. I think those two links will answer the question, if not, let me know and I'll be delighted to help.

Now you guys have gone and done it. Did you check his profile? One of you?

You were able to piss off a Vampire!! Look, it's right there: Romania. Good going people.

Yea, yea, just trying to help the poor guy out of a jam. No fantastic deed goes unpunished. We're all screwed.

Don't believe me, need further evidence. Tune in to TNT (they know drama) and see if it ain't so:

Originally Posted by ;

http://en.wikipedia.org/wiki/Correlation
http://www.mataf.net/en/forex/eurcad

you're correct stating it is a simple math equation. I think those 2 links will probably answer the query, otherwise, let me know and I'll be delighted to help.

Thank you for the links. I had a crap misconception that some currency pairs are easy of currency pairs. Since these factors aren't independent, what you said makes sense to me.

Originally Posted by ;

Thank You for the links. I I had a misconception that is crap which some currency pairs are artificial by-products of other currency pairs. Since these factors are not independent, what you said makes sense to me.

I meant since these factors are independent