WE ARE IN THE NEGATIVE

I have always told you that in Forex there is no hard fact. Nothing is cast in iron. So today we lost big time on CADjpy. We had to quickly take 10pips on EURcad. We didn't take EURusd because it didn't  break the price level we told you to wait for to the south.
Now this loss will make me to release one of our strategies in the Forex Workshop. In our Forex Workshop one of our very reliable indicators is 10 smoothed (S M.A). Oh we love this particular indicator so much, in fact i can trade successfully with it without any other indicator. Now what happened? . We knew that this pair has 80% probability of going south. But we refused to heed the warning because other indicators said we could still steal 15 pips. But we wanted to be cautious so we placed a buy stop at 95.19. Believing that instead of losing the trade it would rather not trigger. But the spike took us in and if you check the chart above we are still in the trade. I told you when you lose we also lose.
 Please pay attention here you will learn a lot here.
One of the things we use 10 SMA for is to determine reversal . How? We are not trying to create excuse here .If you have been following us you will see that this is the second time we are losing this month we have made over 700 pips on day trading this month and we are positive on some of our long term trade. So if we lose 60 pips in 1 month then we are still happy , So please pay attention.
Look at the chart above properly you will see the white arrows ,those are areas we are going to be talking about.

Whenever you see a remarkable distance of  between 90 to 100 pips between 10SMA and the price, the price has a higher probability of reversing. In fact it reverses 80% of the time. And if there is going to be continuation after reversal the price has to touch the 10 SMA and bounce back . But the reversal  could also be the beginning of permanent reversal for the trade.See, this pattern will never change because you know it. It is the secret of the institutional traders. So you can see the reason i said we shouldn't have taken the trade.And stubbornly we are still in the trade. Once you begin to see a wide margin between the price and 10SMA. Please be careful

Please read my articles on 10SMA. Am still going to be talking about this in future. Just stay tune