I'm looking to establish a long term position in these pairs, and scale in on every opportunity, using an array of techniques I learned from my mentor Tim West. The fundamental landscape favors this kind of setup, as well as the technical side.
I have no tp in these trades, and my invalidation level is clearly outlined in the chart. Time span should be at least a quarter, and up to 3 in most cases.
Positive swap is the way to go gents.
I'll publish my entries once I open them later today.
I will actively manage these base positions with scale ins using break even stop after being in profit and covering half, to increase my exposure and potential profits without increasing risk size.
IvanLabrie
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Sold eurgbp again, covered the rest for now. FOMC meeting and QE coming, should be an exciting couple of weeks.
IvanLabrie
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EURCAD limit sell tp hit, nice scale in. Pocketed a 2.25% whole account gain.
The rest of the orders are running.
IvanLabrie
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(Limit sell was at 1.3932)
IvanLabrie
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Interesting percentage chart courtesy of my friend coondawg71. We clearly see eurcad has some catching up to do.
IvanLabrie
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Limit sell in eurcad triggered, waiting for the rest to hit my sells. Doubling the stake.
nzd and gbp were ripe for re-entry, so I did short them again.
1.5033 and 0.7676.