It has been a disappointing week for me as I've lost all of the trades that I placed so far. I shorted the USDCAD at 1.0300 in my last trade. The price action was not going well at first as it even broke above the 1.0300 resistance and the downtrend line (red line in the chart above). The price traded well above those resistances. With that, I decided to close the trade. Just when I closed the trade, suddenly prices started to sink. The pair quickly fell just minutes after I closed my position. Tthe pair sunk as crude oil traded above $80/barrel. I missed the whole downward move. I could have made back some of my earlier losses had I not closed my trade. Oh well. Luck is not on my side so far this week.
On Wednesday March 10th, 2010 at 02:47AM by erib - Like - 0 People
On Wednesday March 10th, 2010 at 03:09AM by ronacoba - Like - 0 People
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