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TRADE CALL RECAP This morning we were watching the Canadian GDP Report. For this report, the plan was to go long on the EUR/CAD if the release came out lower than expected by 0.2% or more from the expected number. The actual number came out with no deviation, so our trigger was not hit and…
Was able to get 10780, horrible claims data spiked it through levels but where it closes the hr will determine sustainability. Remember we have nfp which will be volatile so managing accordingly.
Hope you took advantage of the move down to 8817 to clear the .9000 trade then be able to reenter higher. I wasnt able to be here so didnt get too. Now will just hold with previous post.
Would like to hold to 8710, but market will determine if that changes.
Market pulsing pretty quick thru so held all positions. However have to leave the screen now so will lock the .9000 position in above 8915 so if market turns against while gone it will be protected. However looking to hold for lower.
With sell at .9000 my avg is 8907. I will watch the market and may clear the .9000 position for profit close to there and hold others minimizing some risk, it will depend on price action. May decide to hold all, just have to be on toes in this environment.
POST FOMC The Fed cut rates as expected and I have done the following. EUR/USD added to my sell at 1.4860 which was a little early however my add was very small as I expect it could still test 1.50 USD/CHF added to my buy at 1.0836 as per the plan in my FOMC outlook…
Will add back previous position that was taken at breakven 8890 in the sell zone of 8980-9000 to get avg close to 8900.
TRADE CALL RECAP For my last live trade call, we were watching the US GDP report that was released this morning. I mentioned in the Live Trade Room that you should not trade this release if it came out with a buy signal. The actual number came out with a deviation of 0.6%, so it…
FOMC outlook: Today at 2:15 the fed will announce its decision to cut rates. The majority of the analysts believe The Fed will cut a half a basis point bringing the rate to a level it has not seen since May of 2005. If the Fed cuts rates by half a point I believe we…