Nzd
Will look to take sell once Nzd reaches back to 7680 so aggressive traders could buy it for the ride back up. I would prefer it from 7530-50.
Tight markets
Markets are tight again making it difficult for trades that have best odds. But that might be a good thing since we approach holiday weeks. No reason to give back any money made this year going into year end just because you want to take a trade. Because of tightness will raise sell on jpy…
AUD/USD just misses my add level
In my last post I said I would not add again until it made it to the .8535-50 area and it missed this target by about 5 pips. I did however add to my position but not as low as I would have liked to. Never the less I am still anticipating a nice profit out…
Update
Market didnt reach chf and jpy levels but held under them by 10-15 pips which sometimes can happen if orders are large and not enough momentum to take them out. So sometimes have to use area in front of level to take trade if that is the gauge the market is giving. Have buy chf…
Managed Account Weekly Report for December 14, 2007
ForexMasterMaker Managed Account Weekly Report for 12.14.07 We had some good Bank Flow Trades this past week to add some profits to our accounts. We also are happy to see that IBFX has a new liquidity feed that they have put us on for trading which has improved the spreads at news times. The…
New Week
Its a new week so looking for new short term opportunities as core longs are performing well. It is approaching holiday weeks so thin markets sometimes are not as reliable as order volume is reduced. So will remain cautious till mid-Jan when volume will increase. For now chf sell orders 11585-90 and usd/jpy sell orders 11365-70…
Managing the AUD/USD trade
I have added to this position several times as it has fallen and now have a net open of around 0.8646. I intend on closing all the positions down around the 65-70 level for net profits. If the AUD looks like it is going to break the level I may let it run and hold…
AUD/USD entry
Took a long on AUD/USD around .8670 area based on flow level but turned out to be a squeeze play. Currently aud is at .8620 area and I have taken another small position as it fell and will continue to monitor. Keep a look our for updates. This position I currently have less than 1:1 leverage…
Nzd
If didnt clear Nzd yesterday on trip below 78 can clear trade now for 100 pips. As a rule like to close intraday short term trades before week is over. Position trades are different and as nzd was not entered as position clearing the trade and moving on.
Profits on News and Bank Flow Trades/Live Trade Call for December 14, 2007
UP TO 25 PIPS OF PROFIT ON RETAIL SALES REPORT The last trade call I sent out covered the US Retail Sales report this morning. We were looking to enter a short on the GBP/USD if the release came out higher than expected by 0.5% or more from the expected number of 0.6%. The actual…
Chf
Taking quick 15-20 on chf as didnt get filled on second order at 45. If holding lock in at breakeven and if gets under 11407 can look for 11385-90.
Chf
Took half size at 34 with limit order for other half at 45 in case market doesnt get back there.