22 February 2013

USD/CAD : Weekly Triangle Breakout

  • Made the stupid stupid mistake of trying to sell the top of the triangle resistance earlier. Sold at 1.0227, stopped out at 1.0250 almost immediately.
  • Flipped to long at 1.0247 instead.
  • Getting massively committed on the long USD side now. A bit worried, but the technicals across all the trades I am in are supportive of this stance. Wondering if I have spread myself out a bit thin over too many positions.
  • Price action across multiple markets telling me we are in a sea change. The new copper position is really doing the business for me.


Taichiseal said...

Nightmare trade. Super amateur.

Taichiseal said...