Towards the end of the week the Canadian dollar’s weaknessbecame apparent. Maybe this has
something to do with the bad economic news in Canada. I decided to buy USDCAD
at 1.07818 and GBPCAD at 1.78107 hoping to make a few quick pips. Sure enough, these positions were winners. I made 19 and 15 pips on USDCAD and GBPCAD
respectively. The loonie’s weakness this
week was also confirmed by my winning CADJPY short position. My loonie trades were 100% accurate giving me an additional34 pips. Combined with my big CADJPY
trade I made 51,492.50 USD last week.
Enough to get me in the top 30 position of the contest.
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