Saturday, December 8, 2007

Taking another shot.

My last entry dealt with a potential trade in NZD-CAD. Plan was to sell it at 0.7580 and ride it down to 0.7480. See previous post for the chart. Well, the trade didn't take place as NZD caught a second wind and continued higher.
Now a new set up has been created which looks promising. I have an order to sell NZD-CAD at 0.7755 with a profit target of 0.7655. I'm still looking to capture 100 pips for this move.

http://img412.imageshack.us/img412/4450/nzdcad2editedjz5.jpg

So here we are, trade is set and ready to go.
Granicus.

As alwyas, click on the link to see the chart.

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