That sounds really interesting cambist - why from a technical analysis standpoint would you be really happy if some of those orders get filled ?

~Black Box

Hi Blackbox,

Sorry for the late reply, I'm still getting used to the C2 platform and didn't see your response here on the thread.

I trade on a longer-term technical perspective. Most of my trades will take place over several days rather than several hours. I find this is the best way to trade forex when considering profitability and lifestyle.

That being said, I usually have technical biases for most currency pairs that I trade on a regular basis. News events like Non-Farm Payroll, however, can add some volatility that disrupts the longer term technical bias. Often times, these news events can provide catalysts to very attractive entry points... again, from a technical perspective.

I was filled in two of my orders. One of them wasn't as accurate of an entry as I'd have wished, but the other was gorgeous. I'll give the latter away (it's not closed yet)... I had an order to buy USD/CAD at 1.0005 and the pair traded to a low of 1.0002 While I had a stop at 0.9960 and target of 1.0140 I'm still holding for my target, but the stop loss is currently at break-even for a risk free trade. It was an awesome entry and worked out perfectly with nearly zero risk. I wish every trade could work that way.

Let me know if you have any other questions.

Cambist