Videos, Manual, and the Canadian Dollar

[Rob]

A few of the students have expressed an interest in having me put together a series of "videos" illustrating the 10 principles that make up the this "Fibwit" methodology. I will start by doing the first ones Monday morning since the markets will probably be crazy and we have the Fed announcement this week adding even more fuel to the fire - a good time to start. Taking this idea one step further, I have decided to totally update the workshops to better reflect what we are looking at and how we are trading in todays' market environment.

Now, just to get things moving around here, interest-wise, I'm going to toss out a little trade for everyone to follow along with. I am looking to short the Canadian Dollar.
My trigger price is .9795 My stop will be .9896 (yep, a biggie, but thats the reality of todays markets unfortuneatly) and my two targets are .9760 and .9713
You can also do this trade in the spotFX market and dial down the size to decrease the monetary risk. BUY USD/CAD at 1.0198 with a stop at 1.0095 and target at 1.02458 Let's see how it goes!

[Rob]

If the Can. Dollar trade doesn't trigger by 11:00 am EDT, cancel it.

[Scottintexas]

How did this turn out? Did you bail?