Canadian Dollar Message Board

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Strategies & Market Trends : Canadian Dollar

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To: Steve Wood who wrote (9)	10/10/1996 12:43:00 AM
From: Lorne Larson	of 103

Steve, I'm a bit of novice at the futures game, but went long the Canadian dollar about 6 weeks ago. So far it's looking good. What caught my interest in your post was your statement that you had set your stop at 73.86. The last I looked the December dollar was at 74.12. I would be interested in knowing your rationale in setting your stop level - is it based on the profit you are looking to lock in, or on a technical analysis, such as weighted moving averages for screening out "noise", etc ? Regards Lorne Larson

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