Were you a Loonie to ride the Loonie?

Good evening ladies and gentlemen

I hope you all had a wonderful day as always in the market. In terms of the weather, wow is all I can say!! Keep it coming please God!! Pleaseeeee!!!

So like my fellow JMA, I am sticking with the same currency for the week! Great minds think a like hey Rich!! So after a massive move up yesterday, what did she do today? With major news out today on this currency, if you had got stopped out yesterday you may have decided to stay out if a set up did emerge! However, swing traders would have profited with a further move up with news playing a major part! Since then, news has retraced and at the moment is doing a doji! Most of you may have tightened stops at the time of news and since then be stopped out. At the time of writing this, the histogram on MACD has crossed above the midpoint line and RSI has moved over the midpoint line as well. At the moment price is sitting on a R turned S line. Could this be a catalyst for a further push up!? Only time will tell and as always the SM will be ready!



So today's play is shown on the 5 min chart below. There was a divergence on price and a 123886 with a reversal candlestick a little later on in the day which some of you Day Walkers may have purchased your ticket for the ride. Price then did a steady rise up north as the confluences suggested. At 2pm, we can see the green giant which can only mean one thing, NEWS! In this case, you would have been nicely rewarded. However, this shows the volatility of news and what can happen if news goes against you and stops aren't managed properly or limits have not been reached yet. Leave fundamentals to people in the know! Price hit the RN before doing a DT and then retracing for the rest of the day.





On the pain scale, it was up there mate! But not as bad as losing to my cousin on Pro Evolution Soccer on the PS2 to my cousin! Sill haven't upgraded to PS3 yet!!

Ok mate I appreciate you asking for more time and will give you another day to pull it out the bag with regards to the riddle.

Sir Winston Chuchill said "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." Spot on with yor choice again!!

All I have left to say is "Come on Liverpool!!!!"

Till Tomorrow

Abundance is your Birth Right

Zaheer Anwari