Yesterday we had quite a lot of profit added to our books due to the ECB rate decision and we will be adding to those positions when the timing is right. However, as today is NFP, for Dynamic Traders that means a long weekend as we stay away from the market mayhem and enjoy the day while many other traders will go on to suffer losses during this period.
The EURCAD below has been in a nice downtrend and a fairly easy ride.
The EURAUD has been slightly more difficult compared to EURCAD but has had multiple compounds along the way and is very profitable.
Both these trades have not been difficult at all to trend trade and taken far less time than the average commute to work (no more than 15 minutes for managing and compounding) over the last few months.
Good trend trading…