Well, I just had a gift hit my trade in USDCAD which almost got me about even. Overall I’m down about 1/3 of a “R”isk unit which is a very small loss compared to what may have happened a full 2-3 R loss on the trade. This morning the trade was rolling over nicely so I left on the trade, but soon after the markets opened here in the US and news came out at 9:55 over sentiment and inflation, USDCAD broke out again hitting my 2nd stop for the trade along with my 4th entry short. I was thinking I should have taken my full 1 R loss and closed the trade this morning. My trader stats tell me I loss more money by not allowing the trade to finish so I left the trade on but I was going to watch it closer throughout the rest of the day. My early one and done trade in HD allowed me to focus on USDCAD entirely for the rest of the day. Well, finally at about 12:15 EST price just dropped hard creating a huge wide range bar allowing me to exit my final two lots with a nice profit on both almost erasing entirely my 2 losing lots… I’m down just 1/3 “R”isk unit for the week on my trade in USDCAD… Have a great holiday weekend everyone! Click on chart for a larger view…
