Tag Archives: USD

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, short | 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, short | 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, short | 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, short | 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 [...]
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Paper trade: Closed AUDUSD short @ 0.9057 for +126, +26, -13 pips

By Paul | Published: January 21, 2010
My AUD/USD short from yesterday played out exactly as I planned.  But I took profit a few pips earlier than I wanted because the bounce from 0.9025 fooled me.  As you can see from Figure 1, AUD/USD is resting on 0.9000 support as I predicted.  Now the million dollar question is, should I go long [...]
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A change of wind for Australian dollar: Shorted AUDUSD @ 0.9183 and AUDCAD @ 0.9546

By Paul | Published: January 20, 2010
I have been barking up the short-Aussie-tree since the beginning of the year.   See post #1, #2 on AUDJPY, and #3, #4 on AUDCAD for the long term analysis.  (Also see my post on being early shorting the Aussie.)  Anyway, now that AUDUSD has backed off the 9300 level with a bang, it seems that [...]
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Why I shorted CAD/JPY @ 88.57 instead of long USD/CAD @ 1.0251

By Paul | Published: January 15, 2010
CAD/JPY failed a major resistance level at 90 and has edged out an obvious intermediate-term downtrend (Fig 1).  USD/CAD is also bouncing off a major support at 1.0200 (Fig. 2).  And crude oil is below $80 on a slippery slope.  As such, shorting loonie seems like a good move at the moment according to my [...]
Posted in Aussie, Kiwi, Loonie, Trading Strategy | Also tagged CAD, entry, FTC, JPY, paper trade | Leave a comment