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01/28/09 USDCAD Trade

Written by Hugh, on January 28th, 2009

Surprise box trade.

Short 1 (150) USDCAD @ 2041
Stop @ 2257 (-216)
Target @ 1790 (+251) – previous support on the 4 hour chart

Click above for larger image

Click above for larger image

I got stopped out for a -216 pip loss.  My mistake here was that the breakout candle was too long.  If I did decide to enter after that candle, I should have entered on the pullback, then my risk would have been much lower.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.