Open trading account 
If you've been reading my blog, you'll know that I've been bullish EUR.
It seems that EURUSD is in some kind of a triangle, and although I expected the move up today, and am expecting it to break out of the triangle, I've once again had to close my positions to avoid the weekend cut off.
The thing about triangles I have found, is that they can be extremely frustrating to trade, unless you can get ahead of them. On my real account, I got some excellent entries and essentially was holding 3 positions. 2 through EURUSD and 1 through USDCHF. Each position carrying around 1% risk. The problem it presented, is that every spike up in the EURUSD equates to a 5% gain on my account, and then coming back down again is difficult from a psychological aspect. In short, my position was too large.
I recall going through the same situation a few months back when I was playing the triangle in Gold.
At this point, I'm out of the majority of my trades on my contest and real. I still have a small EURUSD on my real account and relative small position on my contest in the USDCHF.
I'm also holding EURSEK long, but at this point the trade setup is invalidated and I'm looking to exit.
The big missed trade this week is long CAD. It was a no brainer type of trade with the big spike earlier this week and an anticipation of revised numbers. It's a trade I completely overlooked. I do expect the strength in CAD to continue for a bit more next week.
It seems that EURUSD is in some kind of a triangle, and although I expected the move up today, and am expecting it to break out of the triangle, I've once again had to close my positions to avoid the weekend cut off.
The thing about triangles I have found, is that they can be extremely frustrating to trade, unless you can get ahead of them. On my real account, I got some excellent entries and essentially was holding 3 positions. 2 through EURUSD and 1 through USDCHF. Each position carrying around 1% risk. The problem it presented, is that every spike up in the EURUSD equates to a 5% gain on my account, and then coming back down again is difficult from a psychological aspect. In short, my position was too large.
I recall going through the same situation a few months back when I was playing the triangle in Gold.
At this point, I'm out of the majority of my trades on my contest and real. I still have a small EURUSD on my real account and relative small position on my contest in the USDCHF.
I'm also holding EURSEK long, but at this point the trade setup is invalidated and I'm looking to exit.
The big missed trade this week is long CAD. It was a no brainer type of trade with the big spike earlier this week and an anticipation of revised numbers. It's a trade I completely overlooked. I do expect the strength in CAD to continue for a bit more next week.
