Thursday, December 3, 2009

USDCAD—Nice move

Hope some of you went long a couple of days ago when I did at 1.0413 as the trade has finally moved up to 160 pips profit. I’ve taken a bit more off the table but will now let the last third run if it’s going to run. It now has to fight its way through some resistance.

© Dianne Fecteau, 2009. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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