Tuesday, March 31, 2009

Short USD/CAD

Short 4 * USD/CAD at 1.2575
Short 4 * USD/CAD at 1.2571
Short 4 * USD/CAD at 1.2570

2 comments:

Financial Journalist said...

Currently USDCAD is 1.2673, what will you do? No stop limit?

Hands said...

I know about that, I have hard time last night when considering the stop limit due to the big position opened..

But, based on my experience, the more I move the more I make mistakes.. Since I feel confident at the first place, so that I will stick to my plan.. If it managed break about 1.2750 "steadily" (means that not artificially created), then I might cut loss.. This is because, I have noticed there are many fakes break up that will come back even lower from the previous support..

Most major movement should be happened tomorrow.. So, I still observing it closely.. I expect it should come down again today.. If it is not, then I will re-consider my plan accordingly.. :)