Are you new to Forex? Start here for a solid foundation
Today we had several news events that we were watching. First were the US GDP and the Canadian GDP that were released at the same time. Just prior to that, we had ADP Employment come out of the US, and then today at 2:15 we saw the FOMC adjust their rates down .25% as expected.…
As I mentioned in my blog yesterday, we have seen more USD weakness as the market is anticipating a .25% rate cut by the FOMC tomorrow afternoon. Again, the key factor on market direction will be the comments following the rate decision. If they follow up saying that they are considering dropping it more, then…
I would like to recap the trades for this week and let you know of the upcoming trades we will have next week. We had two LOTN trades this week: 10/23 – Canadian Retail Sales – No trade 10/25 – US Durable Goods Orders – No trade NEXT WEEK’S OUTLOOK Next week looks very promising…
For our last trade call, we were watching US Durable Goods and we were looking for 3.0% in deviation to trigger a trade. We did not get enough deviation to give us a trade. We have made some adjustments to our triggers on this release simply because we have not received much movement for the…
ForexMasterMaker Managed Account Weekly Report for 10.26.07 This was a slower week. We have made some nice profits this month and continue to hold our positions in the Bank Flow Trades. We did close one as you can see below. If you are looking for more information about the Bank Flow Trades please remember…
On our last trade call this morning we were watching the Canadian Retail Sales, looking for 0.4% in deviation. This release came out with no deviation at all, so it was a no trade.However, we have a lot of price movement over the past couple of days on the USDCAD. You may note that the…
I wanted to send out an e-mail to everyone and give them my input on the unexpected strength the AUD found on the CPI release last night. I tend to spend more time researching a trade that went wrong than I do on a trade that went right. Fortunately, last night’s trade on the AUD…
The next report is the US Durable Goods report, which will be released at 8:30 am EDT tomorrow. For the US Durable Goods New Orders, which will be Row 1, the expected number is 0.7%. A higher than expected number will be good for the USD and signal a short on the GBP/USD and a…
In our last trade call, we were focusing on UK Retail Sales. We were looking for 0.5% in deviation to meet our safe trigger. This trade turned out to be a great trade as we saw 0.5% in deviation. We had confirming data from an additional component of the Retail Sales and had a really…
Our next live news trade call is going to be tomorrow at 8:30 am EDT. We will have Canadian Retail Sales, which is expected to be 0.3%, and it should be a pretty good release. We have set our safe trigger on this release at 0.4%. We will be trading the USDCAD currency pair or…
ForexMasterMaker Managed Account Weekly Report for 10/19/2007 We had a great week trading. We turned some great profits on the News and had some more Bank Flow Trades that were closed in profit. For more updates on the Bank Flow Strategy, or to see the specific levels that Dustin is watching you can go to our website and…
I am very excited about tonights release becuase it has been a good moverbut before we get into that lets review. OUR LAST TRADE CALL Today we had US CPI which was released as expected so no trade there. After the release was done we watched the market for a while and I suggested a…