Showing posts with label trade triggered. Show all posts
Showing posts with label trade triggered. Show all posts

Wednesday, October 19, 2011

Back in with the USDCAD

We have had another trade triggered with the USDCAD. This time it is a sell. I got into this about an hour or two ago at 1.01234 (seriously!).

This has a strong trend going downwards, so I am a little more confident about this than the EURCHF. I think that was the major problem with the EURCHF trade, is that for a start it was whipsawing, and because of that, there was no strong trend. On that note I would say that it was me being wrong to get into the trade rather than the strategy/charts with the wrong signal. It is a learning point, and one I will be remembering. The strategy is supposed to target trades with a huge chance of going to profitability, and some of that is paying a little more attention to what the charts tell me!!!

Any way, here's to some more good trades, and hopefully more profitability!