Boris and Kathy's FX Blog www.bktraderfx.com
12/20/2006
Today's Email Alerts:
Alert #2 Short USD/CAD T1 Banked
AHHHHHHHH!!!! Do you sometimes want to just scream in frustration? Welcome to trading. We banked our T1 in short USD/CAD at 1.1503 early this morning for +20 and moved the stop to breakeven only to be tagged out by 1 pip and then see the pair collapse another 60 points lower. Alas that's trading. There will be hundreds probably thousands more trades in our lifetime but if we abandon our discipline of never letting a winner turn into a loser we may not be around to enjoy them. In any case for those of you still in the trade take T2 at market (currently 1.1463) for a nice +80 on this trade. As for us we are taking our +20 and moving on.
Alert #1 Taking T1 on Short USD/CAD
USD/CAD finally collapsed to our T1 target in very thin markets in a matter of seconds ( hey sometimes its good to be on the right side of liquidity :) We took T1 at 1.1503 banking (+20) and now go to breakeven targeting T2 at 1.1435. Stay Tuned.
Alert #2 Short USD/CAD T1 Banked
AHHHHHHHH!!!! Do you sometimes want to just scream in frustration? Welcome to trading. We banked our T1 in short USD/CAD at 1.1503 early this morning for +20 and moved the stop to breakeven only to be tagged out by 1 pip and then see the pair collapse another 60 points lower. Alas that's trading. There will be hundreds probably thousands more trades in our lifetime but if we abandon our discipline of never letting a winner turn into a loser we may not be around to enjoy them. In any case for those of you still in the trade take T2 at market (currently 1.1463) for a nice +80 on this trade. As for us we are taking our +20 and moving on.
Alert #1 Taking T1 on Short USD/CAD
USD/CAD finally collapsed to our T1 target in very thin markets in a matter of seconds ( hey sometimes its good to be on the right side of liquidity :) We took T1 at 1.1503 banking (+20) and now go to breakeven targeting T2 at 1.1435. Stay Tuned.
posted by BKTrader # 12/20/2006 08:23:00 PM 
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