A blog charting my trades in forex. This is a brand new strategy that I have developed myself. So far it is working well, and people are free to take my suggestions and put them on their own account. Just remember that it would be YOUR decision to do so however!
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.
Labels:
guaranteed profit,
Resistance,
Support,
USDCAD
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