Tag Archives: CAD

Paper trade: Short AUDCAD @ 0.9489, Stop 9540

By Paul | Published: January 6, 2010
I’ve been stopped out of all my Aussie shorts on the breakout today. But my setups for AUDUSD and AUDJPY are still intact as the resistances are still safe. Having failed so many times in shorting AUDJPY (first try, second try), I am taking a conservative approach on that particular play. Although those setups are [...]
Posted in Aussie, Kiwi, Loonie | Also tagged AUD, entry, FTC, paper trade, short | Leave a comment

An introduction to my Forex Trend Continuation Setup (FTC)

By Paul | Published: October 29, 2009
After many trials and errors with paper trading the forex market for a month, the first of my trading setups is finally taking shape.  So I would like to document this approach here after a well executed trade this week (illustrated below). This trading setup is based solely on technical analysis.  Here’s an overview of [...]
Posted in Aussie, Kiwi, Loonie, Trading Signal | Also tagged entry, exit, FTC, good trade, JPY, paper trade | Leave a comment

Paper trade: Long USD/CAD 25% @ 1.02988, stop 1.02080

By Paul | Published: October 16, 2009
This log is written about 18 hours after the entry.  I entered long USD/CAD at the market last night for a 1/4 position size.  USD/CAD took a brief run up of about 100 pips.  Naturally, I moved the stop to just above breakeven to make this a risk-free trade for over the weekend. I entered [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, paper trade, USD | Leave a comment

Paper trade: USD/CAD long 1.07426, stopped out 1.06999 (-42.7 pips)

By Paul | Published: September 30, 2009
I went long USD/CAD this morning with 1/3 position when we bounced back up to 1.0800 and then retraced to 1.075.  It was stopped out about an hour and a half later.  In hindsight, this was not a good trade for one major reason.  I should not have gone against the short-term trend on a [...]
Posted in Aussie, Kiwi, Loonie | Also tagged entry, exit, long, paper trade, USD | Leave a comment

Paper trade: USD/CAD all out @ 1.0872 (+196.6 pips) and 1.0821 (+145.6 pips)

By Paul | Published: September 29, 2009
USD/CAD made a quick run to 1.10 and retraced back down to 1.08.  Since my entry at 1.06754 almost two weeks ago, there’s been both run-down and run-up as I have noted.  Although this trade turned out well with an average paper gain of 171.1 pips (see stats below), one thing that I’d definitely need [...]
Posted in Aussie, Kiwi, Loonie | Also tagged exit, paper trade, USD | 2 Comments

US Dollar vs. Canadian broke above resistance after FOMC and before G20

By Paul | Published: September 24, 2009
In one fell-swoop, USD/CAD gained about 200 pips in mere minutes today (Figure 1) after the FOMC meeting.  With the G20 meeting going on this weekend, there’s going to be some expected volatility.  However, a bright spot in this is that USD/CAD has broken above a trendline as shown in Figure 2.  This is a [...]
Posted in Aussie, Kiwi, Loonie | Also tagged long, paper trade, USD | Leave a comment