Tag Archives: short

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, CAD, exit, paper trade, 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 CAD, paper trade, 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 CAD, entry, FTC, paper trade, 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 CAD, entry, exit, FTC, paper trade, 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 CAD, entry, FTC, paper trade, USD | Leave a comment

Paper trade: Short GBPJPY @ 146.32, Target 143

By Paul | Published: January 21, 2010
GBP/JPY finally broke below an intermediate term wedge pattern formed from Dec 30.  See Figure 1 for the daily chart.  I am noticeably late in this GBP/JPY short entry because I was preoccupied with other positions (e.g. my EUR/CHF and GBPCHF shorts) today.   Click here to continue reading... (301 words)
Posted in European Crosses | Also tagged entry, GBP, JPY, paper trade | Leave a comment

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 [...]
Posted in Aussie, Kiwi, Loonie | Also tagged AUD, CAD, entry, FTC, paper trade | Leave a comment

Paper Trade: retrying AUDJPY short @ 84.52, Stop 85

By Paul | Published: January 6, 2010
My previous AUDJPY short entry was early as I surmised (entered without short-term confirmation).  I made a number of ins and outs with that trade as depicted in Figure 1.  Some were winners, some were losers.  In all, it’s around breakeven in that trade.  However, I have re-entered this short in AUDJPY just now at [...]
Posted in Aussie, Kiwi, Loonie | Also tagged AUD, entry, JPY, paper trade | Leave a comment