Saturday, June 13, 2009

USD/CAD closed

Short 10 * USD/CAD at 1.1010
closed at 1.1190
Realized loss: 1800 pips

Short another 1 * USD/CAD at 1.1013
closed at 1.1190
Realized loss: 177 pips

Short another 7 * USD/CAD at 1.1011
closed at 1.1190
Realized loss: 1253 pips

Short another 1 * USD/CAD at 1.1003
closed at 1.1025
Realized loss: 22 pips

Short another 1 * USD/CAD at 1.0980
closed at 1.1025
Realized loss: 45 pips

Total loss: 3297 pips

Lesson learned: trade with breakout expectation (buy at high or sell at low) is very risky.. If fail to breakout, the loss amount can jump very fast.. Burned twice.. :(

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