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General Market Comments What an amazing start of the year it has been. We have seen volatility levels continue to increase even after volume came back up to normal levels. Bernanke really through the market a curve ball last week by being as doveish as he was in his statement. That doveish tone was in…
TRADE CALLS RECAP I would like to recap what we did on the last live trade calls and give you the criteria for two possible trades tomorrow. The last trade calls I sent out covered the UK Industrial Production report, the Canadian Labor Change report, and the Canadian and US Trade Balance reports last Friday.…
Selling at 7860-65. Stay within your own leverage guidelines.
ForexMasterMaker Managed Account Weekly Report for 1.12.08 Here is the Weekly Report for the Managed Account. There were no closed trades during this week, but there are some topics I want to touch base on real quick. News Trading: We are still setting up for the different news trades, but there have been a number…
I will continue to hold trades thru next week. Yesterday caused a squeeze off of Bernanke’s statement. He was scheduled for 1 pm eastern, and it got leaked about 45-50 mns early. No way to prepare or know about that, but it will happen from time to time. Knowing what to do when it happens…
Tomorrow will be a busy day, and as many of you know one of my favorite news releases comes out tomorrow. The Canadian Labor Change report is one that consistently has moves of 50-75 pips or more when it meets our triggers, and it met our safe trigger eight times last year. In addition, we…
Bernanke statement released early, some orders removed allowing for stop squeeze higher. Everything is still ok will have to reassess when market done with the noise.
Be cautious ahead of bernanke at 1 pm eastern. Could squeeze it 30-40 pips. Good sell levels either way.
Depending on size of first trade, you can add to nzd around 7808 for a 7798 avg.
Nzd sell close to 7788, If entered chf it will be fine since suggested caution with size becuase it looked like good day to squeeze stops. Will update on potential add to chf, right now next levels 11020-35
Orders down to 11080 so still offering good risk reward, just be cautious with size.