Good Morning Traders and Investors,
Finally!!!
The currencies broke out and had an above average range. Meaning the daily average true range was bigger than the past week or so which provided some great retracement trades. It all started with the USD/CHF and ended with the USD/CAD
I would have updated this earlier, but just finished getting out of a late day USD/CAD BUFFALO BOUNCE!
Let's go to the charts:
The AUD/USD came close as well!
The bottom line, a sound trading plan and discipline and PATIENCE will lead you to be profitable in these markets. I waited all week for the setups and they finally came. As I mentioned on Sunday, I was pretty confident that either Thursday or Friday would be decent if we had economic data that moved us. I am not sure if it was the economic data or pent up demand for volatility, but either way, HALLELUJAH!
If the trade didn't materialize, well it would be off to the St Regis for apres ski lunch and drinks with friends - to be a local!
Happy Trading and Be Environmentally Cool
Brian
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