January Trade #4 - SELL USD/CAD

January 14, 2013 1:20 pm (Manila)

Second half is out at +33 pips.  Took it out as the pair is on the oversold level already and might be due for a correction.

Trade Summary:

1st Half:  +30 pips
2nd Half: +33 pips

Total:  +63 pips


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January 11, 2013  4:00 am (Manila)

Finally, a trade that's intended to be a short-term trade hit its Limit 1 at +30 pips.

Second half stops are moved to breakeven making the trade risk-free.


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January 8, 2013  6:24 pm (Manila)

Ivey PMI came out beating expectations giving the CAD a bullish push but still failed to get the pair to break the range.

Trade is currently at +19 pips/lot.  I am keeping this trade - hopefully at least day more before the chaos of tomorrow.

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January 7,2013 2:30pm (Manila)

SELL USD/CAD @ 0.9873
Stop - 0.9920
Limit 1 - 0.9843
Limit 2 - 0.9813

Later tonight, the Ivey PMI survey will come out with numbers good for the CAD.

On the Hourly chart, a pair of shooting stars formed.  Technical indicators also indicate room for a downward trend in the short term.