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I've spent the last few weeks very inactive. I've taken maybe 2-3 trades, and that in the EURUSD only.
Over the last 24 hours, I've been seeing many of the pairs at inflection points, and have taken several trades. Here is a brief summary
GBPCAD - short
USDCAD - short
CADJPY - long
EURUSD - long
USDCHF - short
EURGBP - long
USDNOK - short
USDSEK - short
GBPJPY - short
Needles to say, I'm a bit overexposed. I'm still seeing even more setups in EURNZD, NZDUSD , Gold, at this point I'm going to have to stop looking at the charts!
Frustrating sometimes when you don't see any good trades for weeks and then they all come at the same time.
My bias, which is clear by the list is that I'm expecting USD weakness, and CAD strength. I'm going to be closing some of the trades tomorrow, or at least reducing position sizing, to avoid over exposure.
The CAD trades are more of a scalp, which i'll look to close Friday.
On the contest account, I'm short GBPCAD and long CADJPY. I'm expecting to close the CADJPY after Friday's data, and keep GBPCAD open through next week. Because it's already midweek, I've gone with relatively small positions on the contest account.
Over the last 24 hours, I've been seeing many of the pairs at inflection points, and have taken several trades. Here is a brief summary
GBPCAD - short
USDCAD - short
CADJPY - long
EURUSD - long
USDCHF - short
EURGBP - long
USDNOK - short
USDSEK - short
GBPJPY - short
Needles to say, I'm a bit overexposed. I'm still seeing even more setups in EURNZD, NZDUSD , Gold, at this point I'm going to have to stop looking at the charts!
Frustrating sometimes when you don't see any good trades for weeks and then they all come at the same time.
My bias, which is clear by the list is that I'm expecting USD weakness, and CAD strength. I'm going to be closing some of the trades tomorrow, or at least reducing position sizing, to avoid over exposure.
The CAD trades are more of a scalp, which i'll look to close Friday.
On the contest account, I'm short GBPCAD and long CADJPY. I'm expecting to close the CADJPY after Friday's data, and keep GBPCAD open through next week. Because it's already midweek, I've gone with relatively small positions on the contest account.
