My currency positions pulled back yesterday after the mini USD rally and I decided to take profits. Entry into a position is never the hardest thing to do, its closing that position that can give you sleepless nights! I sold the majority of my holdings in EURUSD and AUDUSD for a profit but [...]
My positions took a slight tumble yesterday after oil dropped like a rock but then they firmed up. That little pull back triggered two of my three limit orders and I added to my EURUSD and USDCAD positions. I’m still short USDCAD, long EURUSD, and long AUDUSD.
Like I posted before, I expect the [...]
I get an IM from TraderGav this morning and he messages me this, “look at your Euro and Aussie. it is time for some beers.” I logged into my account and sure enough I’m sitting on some sizable gains! I think I’d rather have my coffee first before I start drinking beers. [...]
I went long the AUDUSD pair last night with the same intent to build a longer term position in it. My belief is that this pair will go to parity with the USD this year or early 2009. I’m still long EURUSD and sitting on a nice profit; I’ll be adding to it [...]
Two days ago I went long EURUSD and just sat on it. My aim was to build up a larger position in the Euro on pullbacks because I believe this currency pair is going through 1.70 over the next few months. Today I sold half my position after bagging a +202 pip profit.
Days [...]
While its visually stunning and has some technical merit, I won’t be using the Ichimuko charting indicator to trade off of going forward from here. I probably don’t know enough about it to fully use it and will resume my breakout strategy. After three strikes, err stop outs, its out for now!
Heres yesterday’s [...]
I was reading Christian’s blog yesterday when he gave the Euro a target of $1.76. Wow, that would be like Financial Armageddon for the USD! You don’t need a neural net to tell you that the trend for the Euro is UP and I’m waiting for a pullback to go long. My [...]
