USD/CAD Trade – Now Closed
| March 27, 2009 | Posted by admin under Forex Technicals |
The USD/CAD pair closed above the stop level. Positions should have been exited near the close today, as we were about 50 pips above our closing stop level. Trades can also be exited at the open on Sunday night/Monday morning. If for some reason the market gaps below 1.2377 – then a firm stop at this level should be used.
But this trade is now considered closed, as we have hit the stop-based on a closing price.
Final Result: +289 pips (1st target), +519 pips (2nd target), +298 pips (closing above stop today at 1.2412)
See last post here, and link back to previous updates from there.
http://vantagepointtrading.com/archives/1142
To Your Trading Success,
~Cory Mitchell
Market Strategist
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