A little bit concerned
I’m growing a little bit concerned and impatient with my short USD/CAD positions, I’ve lost on all my trades the last couple of weeks simply by trying to get in early on a breakdown… wasn’t that a stupid idea 
At the moment my realised P&L is still positive however if it doesn’t turn within the next couple of days I think I’ll take my losses and wait for something to actually happen. There is a trendline within very close proximity, if it pushes fully (there was an intraday break today) through that then I think I will shut down my positions, though hopefully that is when it continues it’s descent.
I currently have 2 short positions, one at 1.06692 and the other at 1.07825, I’m most concerned about the 6692 position and have moved the TP to just below it hoping to catch a small profit if there is a short term breakdown.
Update: It turns out that my placement of TP’s was pretty good and I managed to turn my positions into a ~1% protfit.
Filed by Popeye at June 19th, 2007 under Finance, FOREX, Trading