KD Trades
- Thread starter Kooyar
- Start date
Kooyar
TFG Forum Junkie
Thanks Sanjay. Well, I don't have any advice but I can share my thought on this.
In my opinion, after yesterday's strong bullish candle, the likelihood of an uptrend is high. It is very normal that the price comes down to 1.3123 first and then start continuation of the current uptrend.
I made a mistake yesterday to open a sell position on USD/CAD right after a strong daily bullish candle and the result was that the position closed by stoploss.
In my opinion, after yesterday's strong bullish candle, the likelihood of an uptrend is high. It is very normal that the price comes down to 1.3123 first and then start continuation of the current uptrend.
I made a mistake yesterday to open a sell position on USD/CAD right after a strong daily bullish candle and the result was that the position closed by stoploss.
Kooyar
TFG Forum Junkie
USD/JPY is getting tricky. I did re-evaluate the situation before the market closed to make a decision on whether I should close the position with few pips gain or I should keep it open for next week. Finally, came to the conclusion that am going to keep it open for the week with full of important news. See my evaluation in the weekly chart.
Kooyar
TFG Forum Junkie
Thanks Sanjay. I wish you profitable trades in the coming days as well.
Actually, I am not following any other pairs for the time being as I've two positions open and am not willing to add any other position till at least one of them get closed.
Regarding to the gold, I put my views in the charts. Overall, I'm more bearish on gold at this moment unless I see a strong bullish sign. I did draw a recent trend direction as well to show that this view is against the current weekly trend which can make it riskier in my opinion. Similar to my current USD/JPY position. But, I also think that with a good risk management, these trades can be exercised with peace of mind.
Actually, I am not following any other pairs for the time being as I've two positions open and am not willing to add any other position till at least one of them get closed.
Regarding to the gold, I put my views in the charts. Overall, I'm more bearish on gold at this moment unless I see a strong bullish sign. I did draw a recent trend direction as well to show that this view is against the current weekly trend which can make it riskier in my opinion. Similar to my current USD/JPY position. But, I also think that with a good risk management, these trades can be exercised with peace of mind.
Kooyar
TFG Forum Junkie
This is just my opinion, doesn't mean that you are wrong. What I see in the chart of CAD/JPY is that the recent trend is downtrend. I am more a fan of selling in this type of setup. I think if the price retrace back up( The 4H chart shows that the price will likely go up for some time) and then start showing a strong bearish sign then, it can be an opportunity to short the pair.
