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I would like to bring your attention to the fact that we will NOT be trading the UK Trade Balance report in the Live Trade Room tomorrow. I have mentioned for the last few months that this particular news release has not moved the market as much recently as it did a year ago, and…
Still holding majority of chf and aud. Have great entries at 10730 and 91. Am locked in profit so now just will let them go till I see need to adjust. Not looking for new entries today being friday. After this weeks move next week should provide some good opportunities.
TRADE CALL RECAP This morning we were watching some data out of the UK. The Industrial Production report was released, and we were looking to short the GBP/USD if the report came out at least 0.5% worse than expected. The actual number came out with a deviation of -0.3%, so it did not meet our…
Sorry for the delay in this post. This was originally written on Monday02/04/08. Comments: This week we have the RBA, ECB, and BOE all meeting to determine interest rates in their respective countries or regions. We see the RBA raising rates, the ECB holding rates steady, and the BOE cutting rates. So as mixed a…
Sorry for the delay in this post. This was originally written on Monday02/04/08. Comments: We follow last weeks FOMC meeting with three major rate decisions’ around the world this week. The first one being the RBA later this evening, the others being the BOE and ECB later in the week. We expect the RBA to…
I would like to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. The last trade calls I sent out covered the US NonFarm Payrolls and US ISM reports last Friday. NFP PROVIDES UP TO 70 PIPS OF PROFIT FOR TRADERS For the US…
Suggest locking in majority of chf under 10935 more cautious under 10970 and aud entry lock above .90 or more cautious above 8975. Volatility may increase going into interest rate announcements tomorrow so want to lock in some good profits.
Chf trades up over 550 pips together, will continue to hold this one and lock in profit below weekly low. Traders that took aud short close to 91 suggest moving to atleast breakven on that one.
TRADING OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Retail Sales is released at 7:30pm EST. Your focus should be on the AUD Retail Sales (MoM) figure, which is expected to be 0.6%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of around…
Aud sell orders 9105-9125 and much larger 30 pips above that so use those levels for your risk management on entries you take around 91 or wherever. As a position trade target of 87 is still valid, there will be volatility with rate announcement so be aware..
Been reading some of the posts and wanted to make some suggestions. Do not trade if you do not have your own risk management plan. Wait until you get one or get help in getting one. That should be tailored to your personality and profile. Especially for new traders protecting capital is essential so you shouldnt…
Some posts from traders who didnt get out of aud last week on run down to 8817 from .9000 sell. This is for them. RBA int rate announcement later tonight right before midnight eastern time. A sell from here to around .91 is good as a position sell as an add or new entry, just…