See my new trading rules, posted over the weekend.
CAD is on the move to the upside, with three pairs breaking out above the 20-day price channel: CAD/DKK, CAD/NOK and CAD/SEK, and one pairs below the channel: EUR/CAD.
It’s a Europe-only move. USD/CAD continues to move in a sideways pattern that began in early August.
EUR/USD gapped down after the weekend after a five-day rise off of the lower price channel.
GBP/CAD and GBP/CAD continue to work their ways down a declining lower price-channel boundary.
SGD/JPY broke below the price channel in a continuation of a breakdown that began Sept. 12.
About my trading methods
Read a detailed explanation of my analysis method, including trading rules.
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
The trader’s greatest sin is inaction. Sleeper, awake! Seize the Nietzchean moment. Roll out of bed and trade.