The Rule Of Reflection

Good Morning Dynamic Traders!

We are nearing the close of an historic week delivering much welcome news. Yesterday saw the base rate plunge to a new low and today we are expecting the much volatile NFP release.

Given it is also a Friday, my trading rules command a period of review and reflection; a crucial part of a Dynamic Traders practice.

Below is the 4 hour chart for the USDCAD.

This pair continued to retreat this week (BLOG 3 NOV) producing over 500 pips profit!

Given the general trend is upward with a price recovery in action, we may see sufficient momentum to continue the rally.

Diligent weekend analysis will determine a timely entry in the appropriate direction.


USDCAD 4 hour chart Advanced Get

Much focus on the CADJPY cross this week has clearly paid enormous dividends! Price has slumped from 85 to 80 yielding terrific gains!

Those of you who have a "running" position may want to adminster it with care.

The Swissy (below) is evidently in no rush to grant us with a conspicuous "swing" opening, but our ability to observe and linger from the sidelines will eventually award us with an opportune trade.

USDCHF daily chart Advanced Get


I wish you a pleasant and considered weekend.

Saba Jackson