Recently added another usdcad short position.
As audusd has a new higher high in place, it’s probably safe to say that it will continue to go even higher in the long term, and so I will add another long position when the timing is right.
Closed usdcad trades for the reason that usd looks bullish all around the table, so I didn’t want any unnecessary risks going further. I still think usdcad should go lower in the long term, so I will watch for another opportunity to enter short when the timing is right.
I always tend to go for very long term positions, if the opportunity to do that presents itself, as I thought it did for usdjpy and gbpusd. But, upon rechecking my analysis, I discovered that I had opened both of my positions on the corrective waves. And luckily I managed to get out even with a small profit.
Results are looking good, I do notice some pretty big floating losses on a number of videos though, what is your maximum allowed drawdown?
Thanks! Those are not really losses in the sense that you mean it. They are from unwinding the hedged positions, where naturally if you have both sides open, the other side will automatically be in a loss.
I’m sure you have the risk all figured out, your anaylsis looks good, i look forward to seeing more of your results.
Biggest trading fail this year - my gbpusd trade…
why do you share this here?
Recently opened GBPUSD short position with conservative targets around 1.36000
Shorted EURAUD at 1.61112