Buy USD/ CAD – Book profits at 1.0240

Quotes with Resistance & Support

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Buy USD/ CAD – Book profits at 1.0240

Posted on: July 11th, 2012 at 8:22 am

USD/ CAD has good support at 1.0207. Can enter at cmp: 1.0213 for a target of 1.0240. Stoploss: 1.0190

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35 Responses

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Shiva Says:
July 11th, 2012
Posted at: 4:43 pm
I had placed above stoploss in the terminal :(
CB Says:
July 11th, 2012
Posted at: 4:44 pm
Hi Shiva, oh ok. USD overall is down due to the 3 data's that are to be out.
Shiva Says:
July 11th, 2012
Posted at: 4:46 pm
what sl did you guys keep on terminal then...coz you have to have some sl in forex right?
CB Says:
July 11th, 2012
Posted at: 5:29 pm
Hi Shiva, no, its not mandatory. try invest 50% at first and then add more if it dips as these are very volatile.
Sohan Says:
July 11th, 2012
Posted at: 5:31 pm
Hi Shiva, Sorry no comments, i am yet to figure out the best stategy. Yes stop loss should be there in place.

But presently working with 10, 25 and 50 and 200 day MA cross overs coupled with Fib retracement and bollinder bands. Looks like this strategy work good and trading in Asian time when there is no news in Europe with prfit booking in 30-50 pip moves.
But forex markets are presently moving only more with news in Europe.
I will not make any advice to you as of today about SL, looks like the Spain issue needs to get settled down.
I have made some losses in some wrong trades and wild sentiments, request you not to make similar mistakes.
Sohan
Sohan Says:
July 11th, 2012
Posted at: 5:39 pm
Hi Shiva, USD/CAD 15-20 pip upmove at support of 1,0179 same support i mentioned earlier.
Sohan
UNIYAL Says:
July 11th, 2012
Posted at: 5:43 pm
hi cb sir,,, what is USD/CAD trade.... Please guide me how we can trade in this. Have there any lots of USD or CAD against rupees ? I want to know everything about forex trading and i have sharekhan account can i trade in forex market ?
uniyal Says:
July 11th, 2012
Posted at: 5:46 pm
Hi CB / Everyone
I want to know about Forex Trading. Please tell me about how we can trade in USD/CAD call which you given today. I have sharekhan account, can i trade in forex ?
Also please suggest me how much amount required to trading in forex, is forex trading risky or easy then equity trading. Please give me detail.
Thanks
Shiva Says:
July 11th, 2012
Posted at: 5:59 pm
Hi uniyal, I use etoro. It can be started with 100$. If you already have an account with sharekhan, you can directly buy "USD/CAD". May be you can read "how to" provided by your broker...CB also used to use etoro but now he is using something else I suppose..
CB Says:
July 11th, 2012
Posted at: 6:02 pm
Hi UNIYAL, you will need to create a forex account. you may open an account here. it is good for beginners: http://www.etoro.com/A36256_TClick.aspx
uniyal Says:
July 11th, 2012
Posted at: 6:06 pm
Hi CB, Sir i dont know anything about currency market... But i heared from people that currency market has huge profit. Is it true.
Link provided by you for opening account, have there any charges or its demo account ?
uniyal Says:
July 11th, 2012
Posted at: 6:14 pm
Hi Shiva, Thanks, suppose i opened account with $100 it will around 5500 rupees. But is it enought to trade. How i can trade in this small amount. What are charges for every trade.
CB Says:
July 11th, 2012
Posted at: 6:25 pm
Hi uniyal, you can make a trade with minimum of $20. there are no charges to open a account. Forex is a bit safer than stock markets according to many
Shiva Says:
July 11th, 2012
Posted at: 6:33 pm
Hi uniyal, go here : http://www.etoro.com/webtrader/ click "live support" and ask them what all you want..they will guide you
uniyal Says:
July 11th, 2012
Posted at: 6:34 pm
Hi CB, Sir, this is last question, suppose i opened account and have 20$ (1100 rupees).. then how much USD/CAD i can buy in this amount.. And how much charges will broker charge on every buy or sell transaction.
Shiva Says:
July 11th, 2012
Posted at: 6:34 pm
my reply going in spam I suppose..I was trying to give some links to Uniyal..