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Category Archives: Aussie, Kiwi, Loonie
Short USDCAD @ 1.0654, Stop 1.077
This is my first real forex trade after a year minus one day of studying the market and paper trading. Shorted USDCAD based on the following intermarket observations: Yesterday’s equities sell-off held around S&P at 1050 Overnight Asian market seem orderly, not every market followed through, but most did European markets down move were slow [...]
Lucky exit for CAD/JPY long yesterday, downtrend resumes now?
I booked my profit on my CAD/JPY long last night mere pips away from the top. It was a lucky move, that’s all. Now it looks as though CAD/JPY will do one of the following:
Paper trade: Closed all CADJPY long @ 88.40 for +152 pips
CAD/JPY reached my target of 88.00 last Friday. It broke through 88.00 nicely and tested 88.50 on Tokyo open just now. I decided to book my profit in the demo account on this CAD/JPY long position entered at 86.88 and 87.87. See Figure 1 for the 3-hour chart with the entries and exits marked. Main [...]
Paper trade: Long CADJPY @ 86.88, Stop 86.10, Target 88.0
I entered CADJPY long at market for 86.88 just now. This is a continuation of my previous USDCAD short position. However, USDJPY is on a run upward so I’m switching to go long on the loonie with yen instead. Figure 1 shows the daily chart of CADJPY. Notice the imminent MACD bullish crossover and the [...]
Paper trade: Stopped USDCAD short @ 1.0540 for +131 pips
Finally a profitable trade in my USDCAD short after being stopped out a few times. My decision last week to hold this for longer after USDCAD touched my target paid off. I moved my stop closer last Thursday evening and the order got filled on Friday. However, as I type this on the following Monday, [...]
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
Closed USDCAD short @ 1.06525, breakeven