USDMXN: Buy the dips

8 Şub 2016

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.

9 Şub 2016

Not

Fill not coming yet, looking to enter anyway.

9 Şub 2016

İşlem aktif

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

9 Şub 2016

Not

Good progress. Looking to add.

11 Şub 2016

İşlem elle kapatılmış

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

12 Şub 2016

Not

Buying dips, selling rallies.

12 Şub 2016

İşlem kapandı: durdurma seviyesi

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

17 Şub 2016

Not

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

2 Mar 2016

Not

USDMXN confirmed a downtrend and it has gigantic downside!

9 Mar 2016

İşlem aktif

Good idea to exit shorts and flip long.