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TRADE CALL RECAP For my last live trade call, we were watching the US Durable Goods Orders report that was released this morning. I mentioned in the Live Trade Room that our accounts were not going to trade this release as we have seen very small moves on this release over the last several months.…
Comments:
This week, we have the FOMC meeting to contend with but on the commodities front we feel that there are other even more important things to mention. The traditional measure of the how the Commodities markets are doing as a whole has been the CRB index. This index has undergone a number of changes in recent years but the bottom line is no matter how you measure it, commodities as a whole are at all time highs. And I mean all time not just life of contract highs, but real all time highs in the history of recorded time in many cases.
CANADIAN CPI PROVIDES UP TO 60 PIPS OF PROFIT FOR TRADERS The last trade call I sent out covered the Canadian CPI report last Friday. For the CPI report, we were looking to long the USD/CAD and EUR/CAD if the report came out at least 0.2% worse than expected. The actual number came out with a…
The previous aud sells gave several opportunities for profit or atleast breakeven. I am holding the 8815 sells looking to add to them. If you didnt get out you can follow me but just make sure to use low leverage as this week could be volatile with alot of event risks. If you did get…
TRADE CALL RECAP Yesterday we were watching the UK GDP report, and I mentioned in the Live Trade Room that we would change our safe trigger to 0.1% as this report seldom has a larger deviation. I also cautioned that due to the Bank of England Minutes being released at the same time, that you…
It was a fight in the sell zone that gave several opportunities for 25-30 pips. my first trade was taken at 8788 and it went to 8760 several times but couldnt get downside going because of rise in equities it continues to follow. I was stopped at breakeven but have reentered sell here at 8815.
If you took a buy on aud would recommend clearing it, didnt get close enough for me to take it. Looking to sell aud into 8780-8800 on a hold. Would like to see nzd closer to 7760-7780 to sell.
Will be looking to buy aud as close to the 8580-8590 zone as I can. It might not get there so will have to use discretion on price action for entry. The closer the better so will wait for the approach.
CAD RETAIL SALES REPORT PROVIDES SOME QUICK PROFITS FOR TRADERS This morning we were watching the Canadian Retail Sales figures, and I mentioned in the Live Trade Room that you could change your safe trigger from 0.4% to 0.5% as the Bank of Canada was expected to change rates only 30 minutes after this trade. …
Support is between 1.0220-30 so look to clear some of Cad in that area. Be sure to lock in anything that you dont clear.
Locking in the cad trade to atleast breakeven from 10370, with data coming up not worth the risk without protection. If it gets hit will look to reenter based on market action. If want can just clear for 50 pips now.