Tuesday, November 06, 2007

Short CAD/USD

I just took CAD/USD short at 1.0782 into the spike near the 50% channel line and the first target from yesterdays trading range. I'm looking to scale into the trade as I think USD/CAD will fall further to the 0.9250 level which corresponds with the 1.0807 area, but then might see a bounce I don't want to miss.

Globetrader_15

You might have noticed some changes to the sidebar.

I added the Twitter service, which allows me to make quick announcements. It works like sending a SMS.

I also elected to add Tags to my posts. Will see if that helps to organize things better.

Got stopped at 1.0780 into an upward spiking CAD/USD. No need to stick with that trade any longer.

Globetrader_16

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