Closed Out my USD/CAD Long Trade
Published on Thursday March 11th, 2010 at 02:31AM by HonEB
I recently decided to create a trade plan to go on the USD/CAD pair as well as go long on the AUD/JPY pair until i realized , after executing both orders, they were trading against their correlation. I decided to close out on my Long USD/CAD and hope for the short position to validate my current AUD/JPY Long position and I may take a USD/CAD short position at 0.02250.The loss was only a few pips but luckly my lot size was so small that I barely lost anything (as if the trade didn't even happen). I'm a bit disappointment but My USD/CAD trading plan was still valid and was not invalidated when I took it out. The plan didnt mesh well with my plan to go Long on AUD/JPY.

On Thursday March 11th, 2010 at 03:18AM by virgiliolayug - Like - 0 People
On Thursday March 11th, 2010 at 03:44AM by HonEB - Like - 0 People
On Monday March 15th, 2010 at 06:21PM by HonEB - Like - 0 People
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