USDMXN: Buy the dips

8. Feb. 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. Feb. 2016

Anmerkung

Fill not coming yet, looking to enter anyway.

9. Feb. 2016

Trade ist aktiv

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

9. Feb. 2016

Anmerkung

Good progress. Looking to add.

11. Feb. 2016

Trade wurde manuell geschlossen

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

12. Feb. 2016

Anmerkung

Buying dips, selling rallies.

12. Feb. 2016

Trade geschlossen: Stop wurde erreicht

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

17. Feb. 2016

Anmerkung

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

2. März 2016

Anmerkung

USDMXN confirmed a downtrend and it has gigantic downside!

9. März 2016

Trade ist aktiv

Good idea to exit shorts and flip long.