MXNUSD: Tight stop long (or short USDMXN)

18 oct 2016

We can take a long Peso position here, risking a drop below October 11th's low here (in the USDMXN chart, it would be Oct. 11th's high, 19, give or take).
The market is favoring Hillary Clinton's odds to win the election, thus propelling MXN up.
For now, that's what it seems to be happening. A rally from here and a solid daily LOW above -17.8395 (under 18.8087 in USDMXN, the Brexit Key Level), would confirm my bullish bias on the Peso.

Good luck,

Ivan Labrie.

18 oct 2016

Nota

Stop at entry price.

18 oct 2016

Nota

Good boost, expanded daily range. We can safely hold it for a couple days more.

18 oct 2016

Operación cerrada manualmente

Banked for now, since it's not breaking below the Jackson Hole support for now. Profit was 1.4%, max average excursion: 0,01329 - profit: 0,17407
So, realized risk/reward was: 13:1

18 oct 2016

Nota

We can short again on retracement. In case it doesn't retrace, we can sell a 0.5% risk position if price makes a new low, but it's not ideal. Personally, I'll fade short term rallies.

19 oct 2016

Nota

19 oct 2016

Operación activa

Reshorted this pullback with the stop on chart above.
It probably won't make it to the sell limit order level.
(specially if we don't go any higher than this in the hourly)

19 oct 2016

Nota

USDMXN didn't react to oil rallying...I moved my stop to entry here.
s3.amazonaws.com/tradingview/snapshots/6/6HhNrbnP.png
it should drop instantly...if it doesn't I don't want to be in.

19 oct 2016

Operación cerrada manualmente

Covered short at weekly support, also, this was the last day of the projected 'time at mode' downtrend signal.

We can flip long with stop at 17.84492, risk 1%