Wednesday, July 17, 2013

EU & ECA Long Trades Triggered

EURUSD & EURCAD trades triggered but not taking them due to mild strength in both USD & CAD, which gives little or no edge in the trade. My goal is to trade strong against weak currencies; so if a potential trade previously identified does not conform to this last entry condition, I will stand down on the trade.

There is no need to trade daily - we look for nice setup; wait for strength and weakness and go for it. EJ trade from 130.80 now @ 131.27 while CHJ from 105.75 now @ 106.19

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