Last week’s price action was very nervous. The ecs.CAMMACD method couldn’t fight with the extremely ranging and whipsaw markets.
The uncertainty in the stock markets spilled to Forex as the trading week started with extremely big whipsaws on higher time frames. But on a brighter note, this was only the first losing week in months… Pretty good win streak.
It was a very hard week to trade the markets. We have had the initial success with great EUR/USD and EUR/AUD trades. The lack of CAMMACD.EA trades made me switch to full price action based trading arsenal but with no luck this time. The streak of losses continued. The peak came when Merkel said to tell EU leaders’ virus response must be ‘huge’.
Both EUR/USD and GBP/USD trades were stopped out. The euro has risen on this headline as it fights back after the poor PMIs. The US dollar was also under pressure. After the announcement and the false bull trap, the price dropped. We managed to catch the drop and scored the last win for the week.
See the screenshot (above) and the link to myfxbook Live Account (Verified).
This 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.
Cheers and safe trading,