A blog that combines philosophy, psychology and technical analysis in regards to Forex trading
Tuesday, May 4, 2010
USDCAD—update
I took partial profits at +100 pips on my long from 1.0135. I also opened another position at 1.0190 earlier and at which the stop is better than breakeven. The pair is hesitating around 1.0230, a bit higher than I thought it would find resistance at.
My name is Dianne Fecteau. I'm a recovered fundamental investor, having invested in stocks since I was a teenager. I now trade using technical analysis, mostly in the Forex market. I have a finance and information technology background and have also completed programs in such mind body programs as the Feldenkrais Method and QiGong. I am a Chartered Market Technician, having passed the three exams required to earn the CMT designation from the Market Technician Association. I am discouraged by how much misinformation is out there about trading and how so many "traders" seem to make their living from selling seminars. In this blog I want to show some of the trades I take and tell you why. I hope that it will be instructive and helpful to new and even more experienced traders.
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