Tag Archives: CAD

Lucky exit for CAD/JPY long yesterday, downtrend resumes now?

By Paul | Published: February 22, 2010
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:   Click here to continue reading... (189 words, 1 image)
Posted in Aussie, Kiwi, Loonie | Also tagged JPY, market analysis | Leave a comment

Paper trade: Closed all CADJPY long @ 88.40 for +152 pips

By Paul | Published: February 21, 2010
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.   Click [...]
Posted in Aussie, Kiwi, Loonie | Also tagged exit, JPY, long, paper trade | Leave a comment

Paper trade: Long CADJPY @ 86.88, Stop 86.10, Target 88.0

By Paul | Published: February 17, 2010
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 already [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, FTC, JPY, long, paper trade | Leave a comment

Paper trade: Stopped USDCAD short @ 1.0540 for +131 pips

By Paul | Published: February 15, 2010
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 [...]
Posted in Aussie, Kiwi, Loonie | Also tagged bad trade, exit, paper trade, short, USD | Leave a comment

USDCAD short target hit @ 1.0581, trying something new–to hold for longer

By Paul | Published: February 10, 2010
USDCAD comes to a halt at 1.0581 today.  My original target was 1.05761.  A mere 5 pips difference.  This position is now +79 pips on paper.  I moved my stop to breakeven last night.  Normally, I would have covered most, if not all, of the position at this point.  But I’ll hold onto the [...]
Posted in Aussie, Kiwi, Loonie | Also tagged paper trade, short, USD | Leave a comment

Paper trade: Short USDCAD @ 1.0671, Stop 1.0756, Target 1.05761

By Paul | Published: February 9, 2010
Perhaps third times’ the charm? I tried to short USDCAD twice last week already. Both times I’ve been stopped out for a total of -0.2% of account loss. My intermediate term analysis remains the same as before. So I won’t repeat myself here. Entry signal for this particular short is shown in [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, FTC, paper trade, short, USD | Leave a comment

Paper trade: Stopped out of USDCAD short @ 1.0640 for -67 pips, re-entering @ 1.0680

By Paul | Published: February 4, 2010
Well this was awful. USDCAD continued on a rampage upward and I was caught on the wrong side of the fence.  Total loss for this was 0.12% of my account.  At least I was light in it. In retrospect, I broke my own rule and didn’t enter at one of the 4 fundamental entry points. [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, exit, FTC, paper trade, short, USD | Leave a comment

Paper trade: Short USD/CAD @ 1.0573, Stop 1.0640, Target 1.0415

By Paul | Published: February 2, 2010
Taking a first position in USD/CAD short here at 1.0573 on a 4-hour moving averages cross-over (Figure 1).  I’ve also placed a limit order to add more at 1.0519 below Fibonacci support (shown in Figure 1).  Reason for this trade is that USD/CAD is moving away from an upper bound channel with a overbought stochastic [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, FTC, paper trade, short, USD | Leave a comment