Thursday, February 19, 2009

Trade Result - USD/CAD +66

As I said in yesterday's post on this trade, the trade opened short at 1.2588. It frittered around (technical term) for a while and finally decided to continue its move down. It went to break even at +50 pips early this morning and put a 20 pip trailer on it at that point. We got stopped out just after 1000 EST at 1.2522 for a +66 pip gain.

Happy Trading!