Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Buy. Enjoy the day all. Cheers. Jim
16th Feb: This trade was stopped out overnight on the 15th Feb for a nice overall profit. Now still in a no lose Sell trade from the 1st Feb. Cheers. Jim
JAGfx
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24th Jan: Stop moved up to 0.84039 as I trail it and lock in some further profit. It is slowly grinding up but really needs to take out the previous high to convince me. Cheers. Jim
JAGfx
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21st Dec: Stop moved up to 0.82931 as just trailing it now and locking in profit. Plus I am also in a new Sell trade on this pair from the 16th Dec. Cheers. Jim
JAGfx
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18th Nov: Stop moved up to 0.78963 as there is now a new red dot on the MACD Platinum above the zero level. Cheers. Jim
JAGfx
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28th Oct: Closed ½ of the Buy trade as price seems to be stalling at the MAs & it was a high risk against the trend trade to begin with. The Stop had already been moved up 2x days ago. Cheers.
JAGfx
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26th Oct: Stop moved up to 0.77432 as the MACD is through the zero level to the upside, price is also hit the MAs and appears to have bounced off a previous support/resistance level. All a bit to sideways for my liking so just reducing overall risk. I still have a partial Sell trade on this pair also. Cheers.