I wish I could say that I always go by my trading instincts...in fact, I haven't learned to yet. The other day I mentioned that we should look for a bounce in the Cad/Yen to the 200 EMA once it crossed the 55. I certainly didn't...even though I did make a significant amount of money on shorting the pair. Nobody should ever get mad for taking a profit.
Take a look at the chart and the red 200 day EMA below (clicking on the chart gives you a clearer view):
Take a look at the chart and the red 200 day EMA below (clicking on the chart gives you a clearer view):
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