USDMXN: Buy the dips

2016年2月8日

USDMXN has a very clean trend since it broke out of a consolidation in December.
Right now it has up to 10.80% upside, with only 1.5-2% downside risk.
I'll be buying a retracement after today's close, and aiming to add to the trend as it evolves.
This is a very simple setup, with great R multiples for the trend trader.

Cheers,

Ivan Labrie.

2016年2月9日

注释

Fill not coming yet, looking to enter anyway.

2016年2月9日

交易开始

I got in using discretion after seeing my fill missed by spread and peanuts.

2016年2月9日

注释

Good progress. Looking to add.

2016年2月11日

交易手动结束

I closed for now, almost at the target and showing signs of a potential retrace incoming.
I'll add on dips.

2016年2月12日

注释

Buying dips, selling rallies.

2016年2月12日

交易结束：到达止损

Retracement to the mode expected now, after hitting target so fast. My last long was stopped, so I'm out of this trade.

2016年2月17日

注释

Potential top spotted, the recent stopped out trade was a warning that the rally was about to end.

2016年3月2日

注释

USDMXN confirmed a downtrend and it has gigantic downside!

2016年3月9日

交易开始

Good idea to exit shorts and flip long.