USDSEK: Close to giving a chance to rejoin the long term uptrend

5 dic 2016

USDSEK is flashing a sell signal here, but the longer term timeframes are in an uptrend, this makes for a great place to look for longs. I'm monitoring the price action to reenter longs gradually until the 14th close, aiming to risk 1% overall, if price were to drop under my stop. For now, if you wish to buy, you can enter here but risk would be bigger, so keep position size small enough to tolerate a 2883 pip decline from here.
Once we approach the downtrend time and price target, we'll start to see price action show signs of reversal and that's when we can amp up the size and tighten stops after it's safe. I'd rather not have a stop or have a wide one until then.

Good luck,

Ivan Labrie.

6 dic 2016

Nota

I'm opting for entering into the trade gradually.

First fill at 9.1245

7 dic 2016

Nota

Have been adding each day at the close.

8 dic 2016

Nota

Added near today's low, a position way bigger than the rest. All in profit now.

9 dic 2016

Nota

Look at this and USDNOK and compare to the performance of USDEUR...now you know why I'm focusing on these two and (USDGBP) as my dollar longs.

9 dic 2016

Nota

-Pound and Nok have a lot more room to devaluate and SEK has way lower volatility and better trends than the Euro (less manipulation!)-

9 dic 2016

Nota

15 dic 2016

Nota

Breaking above options resistance and rallying further is a good sign. I'm watching to trail stops and add soon.

19 dic 2016

Operación cerrada manualmente

The price action is scary, I'm out of all FX trades for now, I think we can get a retracement in the dollar trend.

22 dic 2016

Operación activa

Reentering longs gradually over 5 days here.