Trade Update - GBP/CAD Short CLOSED

Update 02-28-08 8pm:
As expected, we made a loss on this trade. Lesson: Double check the charts & patters including the date & time before placing a trade.

Total Pips: -154 (51.3 * 3)
Total Loss: $157.20

Update 02-28-08 6pm:
I just realized that I may have made a mistake with this trade. I was looking at the chart from MetaTrader for this trade, and I didn't notice that the chart was not current. For some reason, MT4 does not have real time data for this pair. And the charts in DealBook does not show the same technicals. So lets see how it ends up.

The Trade:
So I have once again decided to enter this trade short. The signal was obtained using the OzFX system. But this time, I used a different charting software (the chart seem to be different on each). The signal was obtained on the daily chart.



Lots - 3
Entry (Short) - 1.94183
Stop Loss - 1.95183
TP1 - 1.93773
TP2 - 1.93283