Monday, August 31, 2009

Trade triggered

I'm now long the US/CAD... a 1/2 position. The pair has not fully rotated yet, but the short term oscillators seem oversold. This way I'm in, but not all the way if it continues to rotate. It is also important to note that the Melody ADX on the 4 Hour is not overbought. 60 is usually the exhaustion level. Stop is 1.0922 and T1 is 1.1112.




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