Good Evening / Morning Dynamic Traders
"Better to have tried and failed, than not tried at all"
Cross = EURAUD, EURCAD , Day chart below.
Good Morning Guys,
After been hit by the Greek bailout reversal of the market, we described in the blog as a Tsunami, The UK has now been hit in the sky's with a volcanic ash cloud bringing the sky's to a standstill for 24 hours. At least the markets have not come to a stop and look as if they are returning to their trends.
I have had many messages from you of losing profits, moving stops, getting stopped out etc, REMEMBER "The market is always right"
I have managed to stay in all the 25 trades I was in this time last week, yes I lost a lot of profit Friday - Monday, however I did not get stopped out.
When the Tsunami hit my portfolio, my harbour wall around my positions was far enough out, it protected my boats. Yes there was a few wobbles, but calm was restored and lost profits were starting to be returned.
The two main trending crosses that have provided consistent profits are the EURAUD & EURCAD, I have posted both DAY charts below. Please observe the MAIN indicator - PRICE and its reaction to "Support & Resistance" and also the "RN" (which is a Support & Resistance).
If you look at the circle on both charts, was the signs there ahead of the "Greek" Tsunami. It seems that we had reversal candles ahead of the storm.
Where have you built your harbour walls, join the "Trading Room" on the links below and learn now. Do not wait until the next Tsunami.
Please do your own analysis before entering a trade.
To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.
Dynamic Trader members can join our trading room by clicking here.
Trade with Passion
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