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A bit odd day for current open positions. Oil up nicely, usdcad along with it...[emoji33] Looks like it was due to dollar strength and had zero correlation to oil today
AUDUSD finally eased off a little. CAD with it. If this really is a temporary reversal usdcad short trades could get into trouble. Big one. Oil might have some pullback after rising from $26 to $42. Another factor that is not good for CAD either.
Or perhaps I am just completely wrong... Only time will tell.
Too early for that
Hopefully USDCAD comes down to around breakeven and you are out without sctratches. Trend is your friend is moto of this basket.
I just hope Vijay had some exit strategy prepared if USDCAD doesn't stop grinding higher. As I said a few days ago when it was all about gbpjpy it doesn't make sense in waiting until getting hit by 25% loss on one trade idea.
And it doesn't make sense in interfering in open trades either. Trader is to be trading not reading this kind of "noise". We should be discussing when trades are closed.
Well, now we only have to pray for bad US crude oil inventories in 10 minutes...
But they are predicted increased... this could sent the Loonie even lower
VJ , you made some non-fifo trades today. That's up to you, but when you say you are fifo compliant, it causes issues with fifo accounts when you are not.
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