Dynamic Trader Forex Blog FXCPS.co.uk: EURCAD Yahoo !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EURCAD: 60min Chart (Posted Below)

Are you still with me on this one ? Did you trade it ?

For those that followed and made plenty, a small donation to charity goes a long way in paying back for your education. With EIGHT British servicemen bodies returned to our shores today, one of my best friends is rowing from New York to the UK, single handed and unsupported. He lost his leg with me in the Falklands and has been at sea for 9 days so far of what could take 100 days or more to complete. This is to raise awareness of UK servicemen and women who pay the ultimate price in war. You can follow his progress and/or make a donation to his charity "Blesma"at www.commando-joe.com . If you do, then give Dynamic Trader a mention.

You will be well aware that our fruit fell from the tree today and the 60 min chart below shows this. All indicators on the 60min chart are showing severe "over sold" and a correction may well be on the cards.

Our swinging Day chart shows price passing through ALL points discussed last night, VI, RN, Advanced Get "Elipse" and kissed through a fib breather level.

Back on the 60min chart we have just completed a "Bullish Engulfing" candle, so one would have tightened their stops as tight as possible and be looking forward to be stopped out, taking as much as the 450pips that were available.