Monday, March 22, 2010

March 22 - USD.CAD Closing Trade

This morning I am closing the USD.CAD trade almost at 1.0240 at a small loss. The break below the recent supports shows me that this trade is not working anymore the way I originally intended it to. An easy break of the support makes it easy for it to be broken again and shows that there is no longer a hard support there at around 1.0200. Here is as the chart looks right now:

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2 comments:

  1. Best Trading StrategyMarch 23, 2010 at 2:14 AM

    Actually, very rarely do the races start on time which brings in this ill-discipline of closing out at the correct time. However, if you're looking to lay and take SP you must have a liability of over £10.

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  2. RKMarch 23, 2010 at 9:42 AM

    I'm not sure what you're trying to say here... Where would £10 come into the equation?? This trade is a straight currency play between CAD and USD.

    Please clarify what you mean. Thx.

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