Last week’s price action was again very nervous. The ecs.CAMMACD method made excellent 9 wins in a row before the market turned into a whipsaw.
Heavy moves in the stock markets spilled to Forex especially on the JPY pairs as the trading week ended with extremely big whipsaws on intraday time frames.
It was a very hard week to trade the markets. The week started very good with 9 wins in a row. 295 pips were made until Thursday when markets crashed. The uncertainty with Coronavirus and stock markets spilled into negative cash flow on JPY and markets saw 200 pips+ reversal in just a single candle.
Our good EUR/CAD trade initially gave us 40 pips but then turned totally due to month-end fixing flows in play. Huge reversal caused by no fundamental reason. Good and profitable intra week and swing positions have also been lost for many traders who trade on intra week time frames. The rest of the week ended with very nervous market conditions.
See the screenshot (above) of the EUR/CAD and click the link to myfxbook Live Account (Verified).
Last Monday all traders who bought the Full CAMMACD method will be eligible to download the method for free as a part of lifetime CAMMACD upgrades. The CAMMACD.EA is a fully coded system which has been giving us huge profits over months. We have also updated the indicator which caused a small bug where the current signal hasn’t been displayed correctly due to miscalculation in the code.
Cheers and safe trading,