Tuesday, February 24, 2009

Trade Update - USD/CAD Move to Break Even

This trade opened on a downward move at the end of the 1300 EST bar. Right now it is about +30 or so. I am going to move to break even now (though I usually wait until +50). This pair is acting a bit wonky and I don't want to get caught in a big reversal. I'm putting a 20 pip trailer on it now as well. I'll report further when there is news.

Happy Trading!