Sunday 7 April 2013

04/04/2013 USD/CAD Short (break even)



Another trade based on the 3 time frame strategy (explained here). Risk was 0.5%, aiming for 3:1 RR. Here is the entry chart (click to enlarge).





and here is the exit chart. As you can see, price went down and hit 1:1 RR. At this point my stop loss was moved to break even and price went back up and stopped me out. Most trades using this strategy will end up at break even.



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