Discussion in 'Journals' started by expiated, Sep 24, 2017.
That worked out rather well.
As of today, the possibility of going back to trading stocks is again of no interest to me. I have no desire to deal with the gaps up or down of the type I observed this morning. If I want to expand my Forex system to equities (kind of), it will have to be in the form of stock index futures.
I'm currently waiting to see when the time is right to go long USDCAD.
I'm long USDJPY already.
Thankfully, Stephen Poloz had something to say in my favor:
I had to re-enter a USDJPY long position after being stopped out at about 112.53. I'm also long USDCHF now, but my best performing trade at this point is an AUDUSD short position.
AUDUSD might have been doing better at the time, but ultimately, USDJPY and USDCHF delivered better returns.
I'm now watching for the right moment to go long USDJPY...
...and to short GBPUSD.
And while I was typing this post, I noticed that USDCHF looks like it's also getting ready for another leg up:
MARKET SENTIMENT AS OF SEPTEMBER 28, 2017
AUDJPY: Has turned bearish just this week
EURJPY: Appears to have turned bearish just this week
GBPJPY: The overall day-to-day trend is trying to turn bearish, but is still neutral at the moment
GBPUSD: Has turned bearish just this week
It looks to me like USDCAD has initiated another leg to the north, but I've run out of margin to make the trade.
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