29 September 2011

USD/CAD : Added to Long @ 1.0314

  • Initial position long at 0.9924 average. Required a serious act of faith to hang on until the trade worked.
  • Added at 1.0314 today. All-in average now 1.0035.
  • Monthly : Strong reversal candle being formed this month.
  • Weekly : Double bottom. Objective met but maintain faith in the uptrend. (Significant upside left from monthly chart).
  • As per copper, TY, soybeans, will start trading this around the core position to keep improving position average cost. Increased risk here taken from room freed up in TY and S position squaring this morning.

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