USD/CAD - Update

This is an update from the trade i mentioned in the last.

I'm glad i bought half-stake at 30 pips ...

I had to go out and decided to move my SL to 0.9923. "Pips in" but not as many as i'd have liked.

USD/CAD Half-way through

This trade is still ongoing ...

15min chart

Entry, SL and TP are marked on the chart but you'll notice that there's no trigger to enter this trade...









This is because the trigger is from the 1h chart, as shown below.
 

1h chart

I've sold half-stake when price reached 30 pips and brought SL to BE.

"Before and After" 15min USD/CAD trade + SLIPPAGE - 28/02

Another post from the series BEFORE and AFTER.

This is a 15min chart of USD/CAD of this morning. 

BEFORE - click to enlarge

There are notes on the picture, but it's same basic principle.

1º) Purple ema (20) is below the Red ema (80)

2º) The pair is in a downtrend, as it presents lower lows and lower highs.

3º) CCI is above 100 but starting to move down.

      Stoch is above (or touching) 80 but starting to move down.

Entry: 0.9768

SL: 0.9793 just above D-P (daily pivot)

TP: 0.9729 at D-S2 (daily pivot second support)

This is the "after" chart with TP reached.

AFTER - click to enlarge

USDCAD is still moving down as i write and has reached W-S1 (weekly pivot first support) but i'm out.

SLIPPAGE

I admit i never took slippage too seriously. I know it happens and i know how it can affect a trader, but perhaps i should take the slippage factor into consideration when choosing a broker. Even though my entry was at 0.9768, the order was only kicked in at 0.9757, 11 pips below. 

I found this article that explains slippage. http://www.financial-spread-betting.com/Slippage.html