AdamFx42's Blog

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One long USD position remains open

I have carried one long position into the weekend - UsdCad
a few hours After the FOMC I wanted to close my Usd long positions
I put tight stop losses on all longs, and I thought they were all closed
It appears my UsdCad long did not hit its stop loss -
although it was only 2 pips from it when I closed my trader platform last evening
all my other positions had hit their stop losses and were closed
I had just assumed it was closed
And then, after market close, when I looked at my trader contest a…
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USD strength returning

Usd strength is returning to the market today
After a dip below 110, the UsdJpy pair is firmly above 110 again today
Remarks made by the Fed members about a possible hike next month
have sparked buyers to step in
UsdCad is strong too, after breaking and holding above 1.30
Possible target is previous highs
gl all today
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Trading plan for the coming week

I am planning to buy Usd the coming week
To me, a UsdJpy long is a no-brainer (see my post yesterday)
UsdChf and UsdCad look strong too
I will wait to see how the market reacts at open and then chose the levels to go long
Based on my technical analysis UsdJpy is supported above 106.50
and should brake 61.8% Fibonacci expansion level (after already testing it once) this time
Next target will be 100% Fibonacci expansion level around 108
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Trying to buy UsdJpy lows

I am going long UsdJpy and UsdCad as the lows seem to be holding
The lows in UsdJpy and UsdCad seem supported and I am buying above the levels
UsdCad seems supporterd above 1.25 for now,and UsdJpy above 1.06
I am hoping for a bounce from these lows of about 100 pips on each pair
I am long with positions of 4.2 lots, with SL below support
gl all
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Having a tough time going USD long

I opened three long positions Usd yesterday
I went long UsdJpy, UsdCad, and UsdChf yesterday and have been struggling
all day with all three positions
The biggest problem is UsdJpy weakness:
I was hoping for a bounce off 1.11, but it not happening (yet)
It seems that the pair is too weak to muster a move up
and will probably retest previous yearly lows around 1.1060
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