I’ve closed my EURCAD long as it hit resistance of 145000… I wasn’t sure what would happen from here.

I got around 50 pips which is a nice profit nonetheless.

The market could easily go higher now and reach my intended 100 pip target…

I am not sure why my broker had put the price to above 100 pips when the market was closed. Nevermind though..

One of my biggest trading nuances is that I can’t seem to hold onto winning trades.. I hope this will improve in 2008!! 

Tags: daytrade, daytrading, eurcad, foreign exchange, forex, position trading, resistance, technical analysis, Trading