ThinkExist Dynamic daily quotation
“Many of life's failures are people who did not realize how close they were to success when they gave up.”
- Thomas Alva Edison
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Thursday, April 8, 2010

19th trade


This was taken on the 8th april, on USDCAD 60 min. ENTRY was @ 1.0070 and SL was @ 1.0130.
On the 13 April the trade was set to breakeven and profit target is 0.9950.

Currently 14th april 1900 (GMT+8) i am setting the SL to 1.0010 (risk to reward becomes 1:1). Its better to protect the profits then let it lose like i did in trade 18.

Now its 15th April 1325 (GMT+8) i am setting my SL to 0.9995 (RR = 1: 1.25), reason being saw some resistance at this level.

Well my SL @ 0.9995 triggered at about 1700 to 1800 but it was a cool 75 pips gain.

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