No pot of Gold yet !

Good Evening / Morning Dynamic Traders

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

Cross = CADCHF, Day chart below.

Good Morning Guys,

What a week we have had this week, volcano's spurting out hot ash, and I am on about the one in Iceland, not the 3 on the "Election Debate" on TV. Thousands stranded all over the world trying to get home with no flights and not to mention the race to the Premiership taking another twist. The markets decided to return to their trends after taking most of our profits with the recent pullback.

A nervous time for most, however opportunities are provided for those that are watching. pullbacks give you a chance to add to your positions, how you do this is taught in the "Trading Room". As mentioned on the last blog, my best trending crosses and present have been EURCAD & EURAUD and I currently have 2,100 pips & 2,200 pips respectivly, a total of almost 4,500 pips between 8 positions.

I had mentiond GOLD recently, however this trade never triggered and price has pulled further back.

My total trades are now at 27 having added to my EURCAD & USDCAD positions and took out a new position CADCHF. This cross has been discussed and analysed on our sister site by Zaheer.
I entered in my usual aggressive manner after a BOB from a recent high, The trend is up and we have strength in the trend indicated in stochastics.














We have a number of crosses at their 52 week high or low as we come to the end of the week, these are always useful to look at over the weekend as they enter new waters.

52 week High
CADCHF

52 week Low
EURCAD
EURNOK
EURNZD
EURTRY

Lets hope the weather keeps up for the weekend and enjoy your couple of days away from the market.

Please do your own analysis before entering a trade.

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Trade with Passion

John Maher
Forex Analyst

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