Cleared all entries but a few eur.
Closed all Cad and chf positions. Will look to re-enter next week. Flat on all currencies but eur.
Closing some Cad positions
Clearing Cad positions as well around Parity. Still holding over half but plan to reenter if it falls back next week.
Taking some Profits
I have began closing some of my adds on the CHF and the EUR to protect profit but still maintaining a long term focus. To clarify I am still holding positions I have just taken some off of the table to lock in profits. about 10% so far. At this point I would advise to…
Trading Commentary / Live Trade Call for November 30, 2007
For this morning’s live trade, we were watching the US GDP. It came out as expected, so that was a no-trade as far as the news trade goes. However, this morning was a really good morning for educational purposes. We covered a lot of information about the way the banks can manipulate the market and…
Cad retraces off of parity. Whats the next play
I wanted to make a quick post covering my thoughts on today’s market movement and what I expect to happen moving forward. Yesterday I said we were building a position long in the USD/CHF and short in the EUR/USD and I was expecting a rally in the dollar against both of these combinations. We saw a…
Live Trade Call for November 29, 2007
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the US Durable Goods report this morning. For the Durable Goods report, we were looking to buy the GBP/USD if the report came…
USD/CAD reaches Parity, Now what?
Several weeks ago I told traders that I was expecting the CAD to return to parity (1.00) and I was going to begin to build a position long. If you traded this with me you can clear your positions as the USD/CAD struck a dollar almost to the pip today. This trade has made its…
Live Trade Call for November 28, 2007
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK GDP report last Friday. For the UK GDP report, we were looking to short the GBP/USD if the report came out…
Clearing Cad Positions at Parity?
The Cad has moved up extremely well over the past few weeks and the market has come within 15 pips of our first long term target. A new pattern has shown itself and I expect to see the Cad continue up to around 1.0150-79 however we are comming into months end and have had a…
Managed Account Weekly Report for November 23, 2007
ForexMasterMaker Managed Account Weekly Report for 11.23.07 I hope everyone had a nice few days off and a great Thanksgiving. Here is the Weekly Report for the Managed Account. We had a great week with the CAD recovering all the way up to profit on all positions and some additional news trades as seen below. …
Live Trade Call for November 23, 2007
Because of the US holiday tomorrow, I wanted to go ahead and recap what we did on the last live trade call and give you the criteria for our next live trade call on Friday morning. The last trade call I sent out covered the Canadian Retail Sales report this morning. For this report, we…
EUR/USD update and postition add
Current price 1.4827 Sell Zone on EUR/USD is 1.4827 up to 1.4855. Enter with small leverage if this is a new position for you. If you are building a position and have prior entries you may want to give a little time in this range to prove that it is not going to continue on…