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Suggest clearing latest NZD from 7530-50 for 130 pips as has pulled back approaching sell zone as expected. Since it is friday I will not be taking a sell on it. The Chf levels held again for a swing back of 70 pips. As posted yesterday I did not take second trade on it, if…
When I posted the aud trade our original entry was around .8670 and it turned out to be squeeze play so I said I would add down to my expected bottom .8530-50 and would trade back up to .8680 (see post December 18, 2007, 4:37 pm) That target has been struck so for those that…
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.
TWO TRADES YESTERDAY PROVIDE UP TO 50 PIPS TOTAL Yesterday we were watching two news reports for potential trades. First was the UK CPI, and I mentioned in the Live Trade Room that you could change your safe trigger from 0.2% to 0.1%. We had many traders do that, and although the news came out…
The AUD/USD had formed an obvious channel topping out around .8645 which is the level I posted would be a key level to break and the botton of .8550 which was our next add level that I posted a few days ago. I have received reports of profits from traders playing the range getting in…
Nzd has given a couple opportunities to buy in 7530-50. So if bought now is time to protect position and not let it go negative now. May change target based on market action as this week has not offered many good plays as liquidity drying up and not alot of willing participants to put on…
In my last post I said that if you did not get a chance to get in at .8550 you would likely get another chance. That level was retested today and since then we have see amove of over 50 pips so once again another example of patience paying off. I was not in front…
General market comments: Last weeks FOMC report came out within the expectations. As we forecasted, it turned out to be good for the Dollar. We have now seen significant moves in the Dollar against all of the majors. This Week we are expecting a small near term pullback in the Dollar which we will use…