Thursday, April 2, 2009

Trade Updated - USD/CAD Still Open

This trade opened at the close of the 1400 EDT hour bar yesterday. I was in at 1.2595 with my stop set at 1.2725. The pair dithered a bit, going back up to our signal line before slowly falling until we hit our break even of 1.2550 at just about 2200 EDT. I put a 20 pip trailing stop on the trade and so far we have saved 40 pips and our stop loss is currently at 1.2555. I'll keep you posted on trade progress.

Happy Trading!