Friday, January 22, 2010

Long USD/CAD closed

Long USD/CAD at 1.0793 (100,000)
Closed at 1.0556
Loss: 237 pips

15 comments:

Financial Journalist said...

What is your next trade?

Hands said...

Hi,

My current open positions Long EUR/USD and Short USD/CAD. Plan to long USD/JPY yesterday, but unable to do so as most of my margin at short USD/CAD.. :)

Financial Journalist said...

Long EURUSD is extremely risky!

Hands said...

yeah.. quite surprised with the jump down full week.. Just cut my loss around 1.3050..

Financial Journalist said...

What is your next trade?

Hands said...

My current open positions:
1. Long EUR/USD
2. Short USD/CHF

Financial Journalist said...

Are you going to post them in your website? If not, I am not going to visit your website anymore, because I cannot see them.

Financial Journalist said...

I prefer to follow the trend: to sell EURUSD and long USDCHF.

Hands said...

sell EURUSD and long USDCHF is the correct trend. my current trade is for the short time rebound for EURUSD and pullback for USDCHF.. I will post for my next trade after both of these are closed :)

Financial Journalist said...

EURUSD has fallen lower and USDCHF has risen higher. Going against the trend is risky. I hope you are out of the trades already.

Hands said...

Closed for both EUR/USD and USD/CHF with big loss, possible it will drop some more before rebound.. =.=

I will look do some revising this week and see for another opportunities next week..

Financial Journalist said...

Would you like to learn forex from a real trader?

This is a good forex learning website: http://tradingeducationprogram.org/blog/

Hands said...

Thanks, I did have a look at it.. No doubt your trading consistency is very good.. I'm still trying to improve mine.. :)

Financial Journalist said...

Thanks. Consistency profit comes from a good trading system. I had taken 2 years to build this system. Software included.

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