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TRADE CALL RECAP This morning we were watching two news reports for potential trades. First was the UK GDP, and I mentioned in the Live Trade Room that you could change your safe trigger from 0.2% to 0.1%. The actual number came out with no deviation, so we did not enter a trade on this…
There is an opportunity to trade later today when the NZD GDP report is released at 4:45 pm EST. Your focus should be on the GDP (QoQ) figure, which is Row 1 on the RSS. The expectation for this report is be 0.4%. We have placed a safe trigger of 0.2% for this release. The…
In our forum I ran across the question “when people say they are “building a position.. what exactly do they mean.” There were some great answers following this which spawned the question “would you ever add to a position that is allready positive” I thought both of these questions were great questions to ask so I…
The Nzd continues to provide 30-40 pip bounces off the 7530-50 area, just having to take what the market gives but being cautious and looking for volatility heading into week end.
Sell on chf got triggered at 11585 yesterday, took it off for 30 pips. Today will look to sell from 11623 orders as previous orders might not hold.