a beginner's attempt at the pairs

why the lack of liquidity around this time?

 

shorted more CAD@13508

 

because New York session is about to close. I'd rather wait for the opening of Asian Session.

 

You shorted when there was a momentum in upmove. Hope it switches the direction to down so that you make a profit

 

ok. 100 pips strait off the low 4hr later, and the EURO is rising here i must short it

add to that the US indices are heading south too

 

I don't see the sign of rising in EURO yet. I'd rather wait for now

 

shorting into a major overbought upmove is the whole point of this trade. the trade went way beyond my expectations, so now i want out with minimal damage, and i'll trade for that resuklt

 

CAD is up over 100 pips without looking backword, do you expect it to go another 100?

or retrace a few pips here?

 

bought a bit more EURO 10626

 

I would stay away from going against US dollar at the moment.
U.S. Will increase the interest rate and that's why US dollar is appreciating.

You might wonder why interest rate increase affect US dollars.
From investors point of view, it's attractive to invest in bond that pays high interest rate, subsequently, improves foreign cash inflow to U.S.

I would forget about the temporary buy sell imbalance at the moment because the buy sell imbalance in US dollar is driven by fundamental information.