Aftershocks

Good Evening / Morning Dynamic Traders

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

Good Morning Guys,

Just when you thought it was safe to get back in the water, we get an aftershock with the CAD on Friday afternoon. Have you ever heard of a person having a heart attack and then within a short period of time they get another, just like an earthquake or a Tsunami. We should have expected it !

I lost 2 of my positions on Friday as well as a large slice of my profits, however the TREND is my friend.

First to go was the CADCHF which was risk free from taking earlier profit, so nothing really lost with that one and then we lost the USDCAD, which was a compounding trade, trying to add profits to a cross I am already in and in profit. I lost approx 150 pips.

Let us see how the markets start the week tomorrow and we will look at a some charts on the next blog. After every big move, we get consolidation, so you will be aware that with a lot of charts consolidating, not many trades available, therefore patience is needed.

We still have 23 trades in play as I write and a number of these are risk free, if opportunities arise and they fit our trading plan, then we will take them.

Plenty was discussed tonight in the weekly "Trading Room", if you want to advance your trading, click on the links below to join.

Please do your own analysis before entering a trade.

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Trade with Passion

John Maher
Forex Analyst

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