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EURUSD Update: Yesterday on the EURUSD I posted the 1.5578 area to watch for sells. The level was hit with a short spike though and has now fallen nicely to 1.5470. Where it would have been nice to take the full run our intraday target of 40 – 80 pips was met and the trade…
TRADERS REPORT UP TO 77 PIPS OF PROFIT ON NON-FARM PAYROLLS Last Friday we were watching the US Non-Farm Payrolls report, and we were looking to long the USDJPY if the number came out at least 50k better than expected. The actual deviation was 55k jobs, so it did meet our safe trigger and we…
This week I will be watching the EURUSD and the USDCHF. Both pairs are taking a pull back from last week’s run. EURUSD: On the EURUSD the level to watch is the 1.5578 area. Any rally’s back higher I will be looking to short the EUR in anticipation of dollar gains. USDCHF: As with the…
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Trade Balance report is released at 9:30pm EDT. The expectation for this release is -$2.9 Billion. We have placed a safe trigger of $500 Million for this release. We have historically seen moves of around 15 to 30 pips when this release…
This week we have very few reports coming out so we should see a week with little to no trending action. We expect most of these markets to remain range bound throughout the week. Friday morning we have a few reports out that could give us some directional bias going into next week but again…
This week remains critical for the commodity complex. Commodities have seen incredible grown over the last 6 years or so and we continue to see signs that the bull is at the very least tired if not exhausted. We are using any remaining rallies to exit the few remaining longs we have and at the…
So far this week we have been able to capture 125 pips with the trades posted to this forum. With one loss and three wins we will be cautious going into Non Farm tomorrow. Here are the trades and totals that were suggested this week: 4/29 Buy EURJPY at 162.36 -30 pips 4/30 Buy EURJPY…
TRADE CALL RECAP Our last live trade call was this morning when we were watching the US ISM Manufacturing report. This report did not meet our trigger as we were looking for a 2.5 deviation or higher, and the number came out only 0.6 better than expected. TRADE OPPORTUNITY TONIGHT There is an opportunity to…
Update USDCAD: Current Price: 1.0150 at 8:40 EDT – The CAD came within 10 pips of the buy level posted earlier at 1.0025 to 1.0035. I have seen reports of some traders jumping in this a little early and capturing 40 to 50 pips. Congratulations on those that participated in this trade. EURJPY: Current Price…
TRADE CALL RECAP This morning we were watching the Canadian GDP report. We were looking to short the USD/CAD if the report came out at least 0.2% better than expected. The actual number came out with a deviation of 0.4%, so it did meet our safe trigger and we had traders report profits of 2-20…
TRADE CALL RECAP For our last live trade call, we were watching the UK GDP report that was released last Friday. We were going to trade if the deviation was 0.1% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
Update USDCAD: Current Price: 1.0141 at 11:00 EDT – This pair continues to range today between 1.0170 and 1.0110. I will still watch for these levels. 1.0025 for buys and 1.0225 for sells. Be aware that this pair has a tendency to spike through levels without warning. A good risk management plan is essential when…