Traded this really badly recently. Whipped around the 1.08/1.09 region. (Red circle on weekly chart).- Downtrend is evidently still very much in place from monthly and weekly charts.
- Have to be involved - shorted again 1.0600, 0.9% EAR. This will NOT be increased to prevent repeat of last bad trading experience; unless it moves deep into the money.
- Think of this as a long term investment; a peripheral trade.
07 October 2009
USD/CAD : Try Shorting Again
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