USD/CAD trade profitable

I have not lost a trade in 2 weeks, not since week 8, one of my worst weeks to date.  Granted, I have only made 5 trades in the last 2 weeks but I’m finding that this style suits me.  I am by no means bragging about this because I can just as quickly lose 5 in a row.

I made the above trade yesterday and exited this evening.  My exit was going to occur based on when the price closed back into the Keltner Channel.  Unfortunately, I had no way of determining this at work today and I let the position go a little furthur than it should have.  I would have made another $200 if I exited earlier but it turns out the CAD has regained control and it is now heading back down.

I went short on the Yen last night also and it looks like it has taken control in every way tonight.  I entered at 118.46 last night so I was down about $900 earlier.  I had a stop at 119.06 but the resistance below this looks quite strong with the price unable to break this level in 5 tries since 2006/02/03.   The pair have made its way back to my entry point so I’ll let this ride for a while and watch the charts to see where this will go.  I’ll move my stop down a bit also. 

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