CADCHF Marching On!

Good afternoon ladies and gentlemen

Can anyone actually remember when it last rained in London? Off the top of my head I can't. I just want this to continue all the way through summer. I hope I haven't just jinxed the weather!!!

So for those following mine and Richard's blogs should be aware of recent action that would have triggered you in if you had done your analysis and also depending on your trading style. I got triggered into the CADCHF yesterday around 1.0750 and today's bar has so far continued in the direction of the trend. With risk management in play my stop is around 1.0500 which won't be moved until I hit my first target or I have been stopped out. A mechanical entry with mechanical management with the odds stacked in my favour. Those who were expecting a reversal after the recent pull back may still be right with this being a Fake Out but if that is the case then that is what my stop is for. However, with the outstanding analytical skills bestowed upon myself and my fellow bloggers and "Trading Room" members we have no reason to fear that happening. I have purchased my ticket and am waiting to see where the ride takes me.

As always do your own analysis.

Read my fellow bloggers on http://www.fxcps.co.uk/ and http://www.fxcps.com/.

My wingman Richard will be back tomorrow with progress on the EURSEK.

Have a great end to the week and I will be back on Monday with a new currency.

Quote of the day is "Be the shift. Stop waiting for it!"

Total Abundance is our Birth Right.

Zaheer Anwari