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Curious to see how my USD shorts will do

I am looking forward to finding out how my Usd short positions will do this week

I am short UsdMxn, UsdTry and UsdZar, looking for retracement from highs and recent
strong move s up - especially on last friday
UsdMxn has retraced quite a lot, and I managed to sell it just below highs
so I was happy with that trade
I am curious to see if I am right about selling the other crosses, too
UsdTry and UsdZar have stalled at the friday highs - which looks good for me,
but I will need them to move down …
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Ending up this week trading with short USD positions

I ended this weeks trading last evening holding three short Usd positions

I shorted Usd crosses yesterday, because I thought retracement should be in order
After losing a lot on Eur and Gbp longs, I decided to switch my strategy again
It looks like Usd crosses are pulling back from highs now,
which could be good new for me - especially my UsdMxn short is doing well
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Repeating USD longs today

I am long Usd again today
After closing my Usd longs yesterday with a healthy profit
I am back in today
Technically a lot of Usd crosses are supported and/or bullish in their setup
This combined with a rate hike coming up today made me re-enter
I am long UsdJpy, UsdCad, UsdMxn, UsdNok and UsdTry
I will be hoping to close my positions with profit just before the announcement this evening
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Trading Plan

My main objective for next week would be to bring back my account balance to BE and in order to accomplish this objective I would only need to take two perfect trades and I'm pretty much sure I'll do more than just to bring back my account to BE.
I'll be focusing more on the USD crosses as I'm expecting a bounce after the recent sell off. The US Dollar is not yer ready for prime time I think we're going to stay in a range as the accumulation process take place, I neither think we're going to mak…
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verindur avatar
verindur 10 May

Good Luck )

Olga18375 avatar

Good luck, daytrader21!!

Daytrader21 avatar

Thanks

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