Long Update (Area to scale back in)

FX:USDMXN   U.S. Dollar / Mexican Peso
207 7 4
Hey all hope you've all been well, happy new year! Well have been in this trade for a couple months now. I've been putting in short term trades in between holding the overall position to make up for the negative swap.

At the moment I hold a small percentage of the overall position so now I'm looking for areas that could potentially serve as "long entry" points. To begin scaling back into a full position size again. As you all might know by now I keep things very, very simple. So the support I see is around the 17.2000 area. Which is also roughly around the Daily 50-Moving Average.

Cheers, happy trading! =)
Hey mate, HAPPY NEW YEAR to you as well. Really neat example of trading breakouts. Thank you for sharing as always, and all the BEST :)
Daniel.B moneymaking
Hey whats up bro! Thanks man I appreciate it and thanks for the kind comment in regards to the chart posted! All the best bro! =)
+1 Reply
moneymaking Daniel.B
No problem, anytime. Good to see you again, how's your trading life going?
Daniel.B moneymaking
Good to see you to man its been a while! Trading life is going well bro, haven't traded much just more or less been holding positions until the market did its little shenanigans and took out the trailing stops I held lol.
moneymaking Daniel.B
Hehe, yeah. Wall street was hammered this last week. S&P 500, nasdaq, dow indus. all down for the entire week. Totally crazy. But I think after this much selling, its really good time to start buying some stocks. Market is way to oversold.
IvanLabrie moneymaking
Check out INTC, was at an interesting level...also the 205 mark in TSLA.
Daniel.B IvanLabrie
Hey whats up bro, just checked them out and TSLA is definitely at an interesting level! =)
+1 Reply
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