Good morning,
Our AUD/CAD entry has been stopped out at 0.7658, for a loss of 1% of our account size. Whilst the confirmation we waited for did arrive, it proved to be a short lived trend. So, our decision to enter with only 1 x 1% lot proved a correct one, and our losses have been minimized. Had we entered as soon as the IKH told us to, we would have made a small 40 point profit. Something to think about...
On the flip side, our EUD/CAD trade is still growing nicely, and is currently sitting 580 pips above the entry point. As stated in my last post though, the daily chart price has just breached the top of the Kumo, so we will need to be vigilant and ensure we avoid being caught by a reversal.
Finally, the USD/CHF entry is hovering right around our entry point after taking a brief turn against us, and with the H1 chart showing both a Kijun Sen cross and a continuing Bearish Kumo, I am happy to let this continue to ride.
I have other commitments over the day, so will only be able to return to check on our trades this evening. With the weekend fast approaching, I will re-assess if it is safe to leave trades open until Monday.
Happy trading all,
Cord
