Wednesday, July 18, 2012

Some order amendments for the USDCAD trade

Well, things have been going pretty well with this trade, and as such I have made some slight changes. The new SL is 1.01381, so we are guaranteed a profit. The new TP however has chaned to 1.00730. A couple of reasons for this. One my signals are telling me that this trend will continue, it has broken some support levels, and the SL is actually slightly above this new resistance, so we will be protected if there is a sudden change. The new TP is just above an older support line, and I woudl be happy to take this.

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