Last 1.0340.- Short 0.9% EAR at 1.0600. This was deliberately initiated in small size due to a few painful rounds of selling lows and buying highs previously. Regret now.
- Due to small initial position, hard to pyramid meaningfully without destroying good average in rate.
- Frustration (minimally sated hunger) of a different kind. But I absolutely refuse to chase this down. Usually such situations = proof that trade is good.
- Think we will test previous downtrend support line on monthly chart = appx 0.9850.
13 October 2009
USD/CAD : Right Trade, Wrong Size
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