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02/17/2009 EURCAD Trade

Written by Hugh, on February 17th, 2009

Long 2 (200) EURCAD @ 5856 and 5849
Stop @ 5775 (-81 and -74)
Target 1 @ 5941 (+85)

TriScreen trade, downward channel isn’t looking so great but there is nice divergence and what appears to be a fakeout outside of the range.

Click above for larger image

Click above for larger image

The first position hit the target for a +85 pip profit.  The stop on the second position was moved to +10 pips and I was stopped out for a grand total of +95 pips profit.  I feel good about this trade.  It is  a great trade for a ranging market.




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Category: My Trading   Tags: ,

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