Closed my position in USD/CAD.
I had 2 trouble areas plotted for this one, which it both reached and then some, but then I moved my SL to break even and price retraced a lot.
My SL was nearly hit, and the following period filled the wick.
As price closed under 1.12 on a daily basis, I considered it too close to my stop to remain viable, hence the exit.
€0.24 is not by far enough to fight the drawdown I'm currently encountering, but it's most welcome!
My wife noted early on that it may have been time to sell, since the yellen-effect had lifted my position into a handsome profit, within the first hour after checking up on it.
Should get in the habit of banking early myself tho .
W
I had 2 trouble areas plotted for this one, which it both reached and then some, but then I moved my SL to break even and price retraced a lot.
My SL was nearly hit, and the following period filled the wick.
As price closed under 1.12 on a daily basis, I considered it too close to my stop to remain viable, hence the exit.
€0.24 is not by far enough to fight the drawdown I'm currently encountering, but it's most welcome!
My wife noted early on that it may have been time to sell, since the yellen-effect had lifted my position into a handsome profit, within the first hour after checking up on it.
Should get in the habit of banking early myself tho .
W
It's a sport, an artform and a science.