I got stopped out of my CADJPY long position yesterday, was not expecting a break of lows.
Looks like recent news events regarding the plane crash has been used to cite the move down in the JPY pairs.
I kept the CADJPY position open on my real account though. Was a bit uncomfortable with the 50 pip or so draw down. I closed most of the position after the news for +5 pips or break even. Not the way I expected it to go, but a break even is better then a loss, and you can't always be right!
EURUSD is down a bit, but it's at its second entry point, so I've added to my position and I've taken USDCHF short on my contest account for a small size (1 Million).
I'm in the green about 20 pips or so in USDCAD and will most likely close it, there are a lot of people looking to the upside on that one, and I don't want to be standing in the way.
I already have long CAD exposure anyway with my GBPCAD short which is now 140 pips in the green.
Looks like recent news events regarding the plane crash has been used to cite the move down in the JPY pairs.
I kept the CADJPY position open on my real account though. Was a bit uncomfortable with the 50 pip or so draw down. I closed most of the position after the news for +5 pips or break even. Not the way I expected it to go, but a break even is better then a loss, and you can't always be right!
EURUSD is down a bit, but it's at its second entry point, so I've added to my position and I've taken USDCHF short on my contest account for a small size (1 Million).
I'm in the green about 20 pips or so in USDCAD and will most likely close it, there are a lot of people looking to the upside on that one, and I don't want to be standing in the way.
I already have long CAD exposure anyway with my GBPCAD short which is now 140 pips in the green.