EURCAD 4-23-07: Trade Entered

Our trade has triggered.
Below is the chart for our position tade. Use the Kijun Sen in the daily timeframe for the stop. As it moves down, readjust your stop. Expect a lot of consolidation since th Kijun Sen is going through the cloud. Also, expect some consolidation right now since the Chikou span is at the edge of the cloud and looking to break out of the cloud. DO NOT LOOK at your charts over and over. You have your plan and it is in action so go do something else………. If you watch the screen, you will get nervious due to the consolidation and may decide to alter your plan.
For EDUCATIONAL USE.    Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .

About the Author Manesh Patel