Friday USDCAD Trade

Took another long trade using our successful trading method in the trading room today with a  small stop of around 20 pips. Trade moved up and down for a short while then we had some US news which sent it down slightly.

Price then carried on into its predicted new uptrend when the news was finished and we closed 1/2 of the trade for + 20 pips.

Bad euro news then hit about S&P downgrades to EU countries . The eurusd fell like a rock  and our trade took off hitting our take profit on + 38 pips for 2nd half of trade. So + 58 pips total for the trade.
In retrospect the close was maybe a bit too early but we traded the plan and took our piece of the pie which is what its all about! ( and of course hindsight is 20/20 vision)

So we are now up +130 odd pips in the live trading room for this month all done using low risk safe trading.

Have a nice weekend all !