Friday, April 24, 2009

Trade Update - USD/CAD is still open

Click here for the original trade idea. This trade is still open and currently at about +200 pips. The pair has moved down well all day and is moving toward some resistance at the 1.2000 level. If the pair gets there, I plan to exit the trade. Otherwise, I'll continue to let the trailing stop do the hard work and the trade will end when it ends. We have 160 pips locked in, so we can't do any worse than that (which is a nice feeling going into the weekend). I hope everyone has a great weekend and I'll update when there is more to report.

Happy Trading!