Hello everyone,

Just as I was recently mentioning that the markets are warming up after the Christmas break, so are traders and I am certainly no exception to this rule.

Today the only decent trend I found was on AUDCAD on the 30m chart and apparently I wasn’t the only one - some of the folks who’ve taken my Forex Trading Course also sent me some emails letting me know that they were following this same setup. It was actually a pretty typical swing-trading setup with the Dynamic Area of Support beautifully holding price above. If you folks have read through the free chapter #1 of the course, you probably know that as long as the Dynamic Area holds the retracements the trend is intact. Well, this was the case on AUDCAD this morning and I decided to take my chances.

I managed to squeeze +28 pips on the first half of the trade and +0 pips on the second portion of my lot size, so all in all it’s been a humble +14 pips trade. Oh well, not bad as a warm up - it’s always sweet to begin the month (and the year!) in the green.



If you liked this post, please do me a favor: Digg it and Technorati it!
Also, why not signing up for my RSS feed and Newsletter to stay updated?