TRADE, USDCAD, 27.2.2017

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TRADE SUMMARY: this trade had a good base. Started to create higher lows and momentum. Based on the I have decided to enter on retrace. Got in at very good spot. Unfortunatelly, this was a trade: run or run away. Market run, but just for a while. It reached a nice open profit, but then shit itself. I did not want to risk it since it went against my rule of run or run away type of position. I have decided to close the position on rebound. Market eventually reached my target. Overall, decent trade.

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TRADE, AUDUSD, 1.2.2017

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TRADE SUMMARY: Big disappointment of the month were AUDUSD where I was targeting +3R. Unfortunatelly, a month long position was closed just for 0.3R. I am happy for 0.3R at least, because if I would be stubborn, it would eventually hit my sl. So what happened? Market broke nicely out of 7600. It held 7600 and moved forward. At this stage I was expecting market to be quicker. But I was patience. New higher lows were created, no rush. New higher highs were created. I got first worried when the 7650 got broken a bit. New high was not created and 77 held as a resistance to buyers. That was a first moment of doubts. When 7600 was attacked, I knew I had to get out. I have waited for the bounce and got out. Very small profit, good trade.

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TRADE, USDCAD, 7.3.2017

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TRADE SUMMARY: This trade was a great example of me not getting married with the position. My initial hypo for this trade was biased SHORT. Long run of USDCAD hit a decent area (marked purple on D1) and paused. On Monday open I have entered a limit short trade. This trade moved nowhere and started creating higher lows. I have decided it to call it a position at -0.4R and closed the trade. Since the market was creating new higher lows, my stats are telling me, that in the last year I have either been personally in a couple of these trades, or I have noticed many of these trades. It is that moment, when after run, market starts to create higher lows and wants to push higher. I have flipped the position and got long. Within 24hours my target was hit.

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