Friday, December 2, 2011
USD/CAD down but not out....
A cold chilly night, im bored... itchy.. urge came.. urge to click n trade. Never been able to totally cast this bad habit out. It has been alot better though.
So when shit happens, u can only hope that the damage can be minimized, better still... profit from it. But tonight isnt going to be a easy night.
The above printscreen image maybe the ugliest u have even seen, im sorry but im still very much a [accessories >> paint] user.
Time is 2000 local time, 2 datas pointing weakness in CAD... thats when i went in LONG on USD/CAD, entry level @ "1" . After entry, it has been hovering around that area...
Then came 2130 local time, green datas for USD, it confirms my believe that this pair with go higher... BUT!!!! Prices plunge down for dont know what fciasjcsax reason, and end that 5min session with a long shadow.. Sadly, my stop loss got triggered as a result. Thats for "2".
Went LONG again, on "3", targetting around "4" area.. TP hit, profitted 5pips at the end of the day.. Moral of the story? Market doesnt care about ur predictions or whatsoever, its merciless i guess??
But im happy to end green for the day after a scare at the start...