Hello Forex traders,
I am somewhere between a beginner to an intermediate forex trader. I placed a trade on USD/CAD on Thursday. Although I made some profit, It was not how much I expected.
Can you please review my trade. I have posted my analysis behind the trade at -http://the-forex-trading.blogspot.com
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Overall, not too bad . . . you made a profit.
Considering the timeframe you are trading, I don’t understand why you are referring to a an exit at 1.1006 “which looked like an important resistance”.
It looked like recent resistance was ~1.1055 and sloping upwards.
I would have tried to ‘trade the range’ of it coming down to ~1.1055 and having hat as a ‘buy on stop’ or not had any exit order in place, in the hope there was significant weakening due fundamental events (of which there are many these days).
Comment by andrew f — November 14, 2009 @ 12:54 pm
http://www.confucius.org/lunyu/persian/p…
Comment by randyluc — November 14, 2009 @ 12:54 pm