EUR/CAD Short trade is doing ok still and I'm now seeing a turn in the MACD indicator. I will leave this trade open over the weekend unless severs price action upwards swings up to take me out. I have a profit stop locked in so if it does it will likely head lower after it takes me out. :-) such is the way of the forex. That happens often in this market, it is of no consequence, one can simply take their profits and try again. No one has a crystal ball. So Thats why I take risks, I just don't bet the farm on my trades
Friday, December 19, 2008
EUR/CAD: Short @ 1.7426 is still up 400 pips
EUR/CAD Short trade is doing ok still and I'm now seeing a turn in the MACD indicator. I will leave this trade open over the weekend unless severs price action upwards swings up to take me out. I have a profit stop locked in so if it does it will likely head lower after it takes me out. :-) such is the way of the forex. That happens often in this market, it is of no consequence, one can simply take their profits and try again. No one has a crystal ball. So Thats why I take risks, I just don't bet the farm on my trades
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