Tuesday, November 06, 2007

Short CAD/USD

Took CAD/USD short at 1.0825. It seems there is support in the Forex market at 0.9235. We have a lower high at them moment and I've decided not to wait for confirmation on the initial trade, when I take a countertrend trade. Countertrend means just that: It's going against the prevailing trend and if you wait for confirmation the move might be already over.

Globetrader_25

Stopped at 1.0810 (see Twitter comments, how the trade was managed)

Globetrader_26

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1 comment:

Blogger said...

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