Fantastic couple of days for Trading

Hi All,
Fantastic 2 days for trading. Huge falls and rises as well in all the crosses providing huge and perfect opportunities to make tons of pips. The crosses swung wildly in the downward direction with the GJ losing 400 pips each day. But the great things about this was the way it moved.

The idea is always to trade with the trend whether it is up or down. This two days it was very clear that the trend was down. What made it easier to trade was the fact that the S and R were also respected in the way we expected them to be. This was true of all crosses. They did fall but they also did stop at important supports and rose again until the next resistance and then they resumed their fall.

In such cases, it is very easy to trade as all you had to do ws wait for the price to hit the support, go long till the next resistance and when the resistance is hit, close the long and go short again. All this could be done with very small SL which makes all of these trades extra special and we could alternate between longs and shorts.

Last two days, more than 600 pips were made by us just by following the above procedure for all JPY crosses (usd,eur,gbp,nzd,aud,cad) and also gbpusd and gbpchf. Of course, those who could not get it right would have been in serious trouble over the past couple of days due to the huge volatility but those who knew what to do, would have done very well.

Anyway, lets all take a rest now and i plan to make a small announcement over the weekend. For now, lets take our pips home and get some good rest.

Happy Trading!!!