EUR had a grand week... we thank you!!!

Good afternoon ladies and gentlemen

My update is going up a little bit earlier than usual as I have an early dinner meeting I have to attend. The Market has been extremely volatile this week and so I hope you all traded with caution but managed to take some profits none the less!!!



So the final look at our girl, the EURUSD for the week. So far it seems that she is being held by the VI on the daily and has so far produced a small bearish spinning top today. MACD is still going strong and Stochastics is still very much OB!! So what for next week? With the activity of this week, anything can happen and we know that the market is always right! As SM all we can do is stay prepared and unleash the cavalry at the right moment! Will she carry on North through the VI or is it a FBO above the breather level and is today's indecision candle a sign of a reversal? Only time will tell!!



Below is the 1 hour chart to show today's activity so far. The close of play yesterday was at a RN which was tested again at a perfect time this morning for an entry to go short. Gang member's DJ Derek Divergence and Body Popper 123886 were present. What did RSI do? Good management would have spotted the breather level to lock in maximum profits. I am guessing that we will end play at around the confort of the same RN!








Once again I would like to thank my fellow JMA Richard for an excellent week of updates! Keep them coming sir! I will leave your riddle to be contemplated over for the weekend! Excellent one from yesterday! Quite proud of my attempt! May have coined a new phrase!!

I agree with what you said about my philiosopy!! Perfect for trading! It just can't be anything else!! And my answer from yesterday is "A winner never quits"! I will look at the failure for you to post an answer as an oversight on your behalf!! Even JMA forget occasionally!!!!

My riddle for the weekend is "The ____ and ____ victory is to conquer self!"

Please all have a wonderful weekend and let's hope the weather holds strong!! But what ever the skies look like on Monday morning, it is always a beautiful day!!!!!

Abundance is your Birth Right

Zaheer Anwari