Daniel.B
Long

The Trend That Continues Giving =)

FX:USDMXN   U.S. Dollar/Mexican Peso
68 2 2
Hello Traders,

As a few of my close friends here on TradingView know... I LOVE TRADING this currency pair! Why you may ask?? The chart says it all, this is one of the strongest trends LIQUID EMEA Currency Pairs available. Hehe

What am I waiting for to jump back in LONG once again? Well when it concerns exotic currency pairs I only compound positions or jump back into the trend on deep retracements. Due to the high volatility I shallow retracements tend to trap trend following traders into a bad position thus triggering their stop loss orders. To prevent this from happening I only enter the deeper retracements allowing me to place a wider stop accounting for any future volatility.

I'll remind you that there is a negative swap if your long this pair. This should be calculated to your risk models when considering position sizing. Also, thus being said there is some additional alpha playing the short side of this pair collecting a positive swap rate (although not recommended I don't trade against strong trends such as this, I simply sit patiently and wait for an entry that fits my personal criteria).

Cheers,
DB            
JavierFX15
17 days ago
Like the way you do it !
Reply
Daniel.B JavierFX15
17 days ago
@JavierFX15, Thanks Javier, appreciate the feedback! =)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out