Nzd into close
Nzd went thru first target of 8020-30, read old post for position targets lower. If holding, either way, lock in good profit now on the trade.
Update
Jpy same as before, from post entry, it bounced 30 pips so stop moved to breakeven. Nzd finally broke down, since I reentered from 8160 as well as 8125 I am taking half off and locking in the rest.
JPY
If bought this afternoon when suggested it bounced to 10544 so stop should have been moved up to breakeven. Rebuying here around 10460.
Jpy
Thinking about risking a trade on usd/jpy 105-10510 buy, but will put a 50 pip stop on it. Take it if you’d like.
AUD/USD
I have been talking about he AUD/USD for a few days in my live trade room and many have told me they were hedged and ask where a good place to clear the hedge was. I have recieved info that there are orders sitting around the 9495 to 9507 level so this is a good place to clear…
Squeeze
Market still in squeeze mode at month end, why I’m still only in nzd trade. Gave 20 pips of profit earlier, could have moved stop to breakeven. If you did, you can reenter here, I believe nzd data this afternoon as well.
The Most Important Forex Expert You Will Never Meet: Who is He?
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.
Nzd
Still in nzd trade, actually added some close to 82 and already took it off, didnt post it as dont advise adding yet as market in squeeze mode at month end. So just use post from yesterday. Stop above 8225-30. If too much risk for you, pull it in to fit your risk management. Chose…
Trade Call for February 28, 2008
TRADE CALL RECAP For my last live trade calls, we were watching the UK GDP and US Durable Goods Orders reports that were released this morning. Neither of these trades met our triggers, so we did not enter based on either of the news events. To see the videos of these news events, click on…
Forex Fallacies: The Top Ten List
When it comes to trading Forex, most short-term traders are also short-time traders. They lack the stomach and the capital to stay in the game. For the patient, committed, informed investor, Forex is a promising and lucrative Market. Most “wanna-be” traders do not fit the above description, however, and ultimately lose out.
Nzd Update
IN Nzd from 8125, still holding and will cont to hold, this afternoon saw a stophunt and squeeze on usd but only had to hold thru 60 pip drawdown in nzd, thats why choosing the pair, month end this week which is ripe time for stophunting for more month end profit. I am looking for 100…
Trade Calls for February 27, 2008
CANADIAN RETAIL SALES PROVIDES UP TO 40 PIPS FOR TRADERS Last Friday we were watching the Canadian Retail Sales figures, and we were looking to long the USD/CAD and EUR/CAD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -0.6%, so it met our…