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My feeling indicator was right, its developed from years in front of the markets which you will develop as well. Now that break took place will provide better short term trading opportunities. The break was good for my core long usd positions been building and holding over past month but this blog is designed for…
If levels hold might take quick trade, but sometimes in the markets it just doesnt feel right especially if you’ve been doing it for a long time. Today is one of those days for me, something needs to break, I prefer to sit on the sidelines. Could be wrong and miss opportunity but have to…
The Greater British Pound is a volitile currency and tends to overshoot levels so use these with caution. Support can be found from 2.0315/25 and I would expect them to hold up for a while for a run back up to as high as 2.06. This is the range I expect we will see until mid next…
11407-10 sell orders in place so watch if approach that level, market been in tight range, if it breaks it could have momentum to take orders out, so use discretion, but sell in that area will allow for tight stop.
Taking cad sell at 10165-70 orders on third test is to risky will wait to see if break and look to sell higher. Markets in majors in tight range so needs to break for safer trades.
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Taking cad sell at 10165-70 orders on third test is to risky will wait to see if break and look to sell higher. Markets in majors in tight range so needs to break for safer trades.
Nzd has paid out close to 50 pips now, you can clear trade or at minimum lock it in at profit. I continue hold but at this point could clear the trade based on market without being able to update before hand. Still targeting under 78.
After market settled a bit, see that the chf orders at 11365-70 payed out again, after the spike the hr couldnt close above them and 11408 was never tried. In the afternoon the cad sell from 10165-70 has paid out 40 already. I did not take either as I said in previous post was not…
This morning we were watching data from Canada as well as the US. I focused more on the Canadian Trade Balance than the U.S. Trade Balance report. The plan for the Canadian Trade Balance report was to go short on the EUR/CAD if it came out higher than expected by more than $.8 Billion. The…
When I said letting market play out today, means staying away from other trades until it settles.
The rumors from last night of Fed action came true as Fed just announced plan which has caused panic and reignited risk appetite for high yielders and carry trade. Momentum with the longs until the news fades. Just bad timing on taking trade that would normally work not knowing Fed joint action about to be announced,…
After previous posted levels, orders at 7890 and 7909, so risk according to your own account, looking for target back under 7800