Step back

We had some good runs in most of dollar pairs. I closed all my long dollar positions today. There were two new signals today to long USDCAD, and short NZDJPY. I left them out. Right now, dollar's appreciation seems to be over extended, to me. Well, I am talking about short term. As much as I would like to trade again, I decided to sit on my cash right now. I might be wrong and missing opportunities, but, I feel today is a good day to step back, or take a break.

Probably, spending some time to watch Australian Open is a better idea. :-)

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  1. Trader Gav — Trackback
    Step back: We had some good runs in most of dollar pairs. I closed all my long dollar positions today. There wer.. http://tinyurl.com/9gug3e