I am disappointed that the $/Cad has not moved as planned. I have decided to get out of this trade at 1.0381 at 1.15 GMT.
Wedges should explode and this one looks lifeless. This is a profit of 36 points on a 1/3 position size. This is a profit of 12 full points and brings the total over the first three trades on this blog to 217.
I will look for opportunity and post my findings later in the New York session.
Good trading .
Wednesday, January 6, 2010
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