Dynamic Trader Forex Blog FXCPS.co.uk: EURAUD

Good Evening / Morning Dynamic Traders

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

Cross = EURAUD : Day chart below.

Hi guys, yes I am back again on the same day trying to bring you up to date with what I have been trading of late when I was off line. We went through the EUR this morning and I did mention that due to holidays there would be not as much liquidity as we normally have. Its down move continued today, so tomorrow with the market back we will watch with interest.

Another trade that has produced me good profits since I entered on 09/02/10 has been the EURAUD. I have taken some profits on this trade and am now riskfree in the market. I have listed the confluence of events with regards this trade on the chart below and want you to read them throufgh and follow on the chart.

Remember if we look for "HIGH PROBABILITY" trades then we increase our chances of success. If you miss a bus, there will always be another one. Be patient and wait.

I know it looks a lot to take in, however these events happen over a period time. With experiance you will start to see them more clearly.

I have had some possitive feedback from Javid with regards our blogs on this site and our sister sites mentioned below. Please remember these blogs are a free service and the bloggers are not being paid to write, yet increase their knowledge of the FOREX by being accountable for their words. I do hope you find the blogs helpful and thank you for your support.

Trade with Passion

John Maher
Forex Analyst