I've decided to jumped into the CAD.JPY pair that I was eyeing in my previous post. I let the USD.SGD pair go, simply because I do not have sufficient capital in my brokerage account. Somehow my spreadsheet calculation for the capital required is not correct.
If OANDA (my brokerage account) had a higher leverage instead of 50:1, this would not have been a problem. I'll have to shovel in more cash into my account so that I do not miss out on similar opportunities again.
Still, it no big deal, as there are always other trades waiting for me once I've closed out my CAD.JPY position. I like the way the price pattern is shaping up. Heck, I might even ride this out a bit longer, as this pair does appear to be with the trend.
Posts
No comments:
Post a Comment