Trade #3: Now Risk-Free

April 25, 2008 02:20 by Jon

After my first profit target on my USD/CAD position was hit yesterday, the pair retreated a bit today.  Since I've moved my stop on the remaining two thirds of my position, this trade is now essentially risk-free, so I'll let it breathe a bit more.  Hopefully tomorrow it will start moving back up, but if not, I've banked profit on a third of my position, and will not lose anything on the remaining two thirds.

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December 3. 2008 21:17

nice post!!thanks for the info..that's great!!

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