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Strategies & Market Trends : Canadian Dollar

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To: Jeffrey Shaw who wrote ()	10/5/1996 12:59:00 PM
From: Steve Wood	of 103

Jeffry, I've been trading the CD for about 6 months with fair success. My trading is strictly technical. For example I'm now long DEC from 73.42 based on technical factors but I have no idea why it has jumped to over 74.10. Do you follow the fundamentals? I will stay long until it drops 1 std. dev. (3 mo basis) from the most recent high. This strategy often costs costs me a fair percentage of a gain, but it ensures that I stay in for the big moves which IMHO is 1/2 of the secret to success in this game. The other 75% of the secret is CUT YOUR LOSSES! Que te vaya bien...SDW

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