Profits Keep Coming – Trading Thru The Chop

A very interesting day here ( so far this morning ) with commodity related currencies running out of steam “just” as equities pop. Hmmmmm……

Short The Canadian Dollar is looking fantastic here via long USD/CAD as well short CAD/JPY at these levels. with the long GBP/AUD ( suggested some days ago ) now several hundred pips in profit.

We’ve exited both long EUR/USD as well short USD/CHF this morning, after taking profits in long GBP/USD ( 200 pip gain there ) some days ago.

Otherwise…..patiently waiting for AUD as well to a certain extent NZD – to make their turns.

Please pull a weekly chart of AUD/USD and have a peak at the “candle” forming as we speak – as well the continued “downward sloping RSI”.

The chop has been tough on many, but continues to provide many profitable trades…’ve just got to be willing to do a little extra work….and be very, very patient.

Check us out at: Forex Trading With Kong – Getting Started.

Leave a Reply