26 April 2011

USD/CAD : Added to Short @ 0.9544

  • By far the most profitable position here, short USD/CAD from last year. Looking at my trading records, there is a clear negative correlation between active trading and profitability. The positions that are most profitable are those that I have tinkered least with. USD/CAD is one of those that I have just sat on, through thick and thin. Going forward, I intend to be less active tinkering the overall book (=fewer blog posts) = more profits?
  • Added to short at 0.9544 earlier this evening.
  • Monthly and weekly downtrend unquestioned. Long term target still 0.9056.
  • Daily : Reading current action as a bear flag after last week's low at 0.9451. Time to sell again. Sell and go away, revisit only when below 0.9400.

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