It appears my short term pip strategy was stopped out too early due in part to the large devaluation of the USD currency.  I may have misjudged my stop loss and made it too tight.

Thus, my new strategy is to ‘invest’ instead of ‘trade’ the markets with a longer term perspective.  I will be looking at the long-term charts specifically, the weekly charts for a direction and position taken.  Per my other recent posts, I am trying to trade with only a few being USD/CAD, AUD/USD, EUR/USD as they are not as volitile as  cable or the Japanese Yen pairs.

Here’s my latest trade and it will probably take a few weeks to materialize before anything significant happens.  I am up +59 pips at the moment so we will see how it goes!

USD/CAD, October 13, 2009 Trade




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