Thanks for the advice. From now on I will give out only the details and summaries of the trades. I find the system simple and great in trends. It will kill you in a congestion phase. Please bounce off any trades you see whether here or privately by email. It will be appreciated
Went long the loonie @ 1.1388 today. I have attached a graphic
Why? The ICWR system says it is a buy. Secondly daily rsi above 50 and we almost had a failed double top breakout today. Showing there is still some strength in the old dog. Fundamentally canadian dollar rises with the rise in crude oil prices and commodities in general but sometimes there is a break between that bond. I am hoping this would be one of those times.
Nothing new to report. We need to breadout 1.1404 for this trade to be on track. I woke up to see a little dollar strength. We have a big report week this week. Graphic below:
Incidentally the canada has retraced into the buy zone again and I am thinking of jumping back in. I will watch things for a while and get back to the thread whatever I do.
Went long the Aussie this morning @0.7556 stop @0.7456. Could have waited for the breakout to the upside first on the 4 hourly but the system says now. This ia funny one because this week there will be a lot of reports.
Long Pound @1.8516 stop @1.8440 according to the rules of the system. Today is particularly important as we need to see how the system performs in the face of data releases.
Too many people are SHORT USD and SHORT JPY. I think a lot of people are going to geta rude awakening in the coming weeks. Contrarians will be cleaning up.
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