USDMXN: Buy the dips

٨ فبراير ٢٠١٦

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.

٩ فبراير ٢٠١٦

ملاحظة

Fill not coming yet, looking to enter anyway.

٩ فبراير ٢٠١٦

تم فتح الصفقة

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

٩ فبراير ٢٠١٦

ملاحظة

Good progress. Looking to add.

١١ فبراير ٢٠١٦

تم إغلاق الصفقة يدويًا

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

١٢ فبراير ٢٠١٦

ملاحظة

Buying dips, selling rallies.

١٢ فبراير ٢٠١٦

أغلقت الصفقة: تم الوصول لوقف الخسارة

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

١٧ فبراير ٢٠١٦

ملاحظة

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

٢ مارس ٢٠١٦

ملاحظة

USDMXN confirmed a downtrend and it has gigantic downside!

٩ مارس ٢٠١٦

تم فتح الصفقة

Good idea to exit shorts and flip long.