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Dynamic Trader Blog - Forex Chart Pattern Signals

Tuesday, September 25, 2007

Loonie Struggled


Chart courtesy of Advanced Get. Data provided by eSignal.

The USDCAD (15 minute chart) struggled yesterday but did manage to push up and has given about $500 profit. I have managed my stop and scaled out allowing me to be risk free on this trade. Now I will just wait and see what it does.

If you have also taken this trade then I would suggest you try to break even if you can but only if you have the abilty to do so without violating your ATR rules.

My next update will be next week on Monday.