I wanted to give you all an update on where I stand with my position trades and bank flow trades. We have a lot of event risk this week and next so I am being cautious with my re-entries. As you know the Cad continued to my 1.0150 target and struck it almost to the pip. We have seen a bit of retracement at this point however I will wait for a deeper retracement before entering again.
I may begin to start building a trade position back up on the USD/CHF currency tomorrow but havnt decided. I am still definetely in a dollar buying mode right now just waiting for the right time to enter. Still holding a few small EUR/USD position short but other than that I am flat.
Good luck and keep a look out for my analysis.
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
