Update
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.
Update,
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
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 Target
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..
Trading Plan
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…
Update
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…
Before Close
Usd/Chf currently at 10883 so up over 250 pips combined on both entries since yesterday. You can clear for profit or cont to hold. I am going to hold thru next week as originally planned to see what comes of it. Had some comments on aud, so I will talk about that first of week.…
Chf Update
With both entries I’m avg at 10755, protecting the second entry of 10730 there. Looking to hold thru next week but market will decide that for me, if more chop and not enough follow through will clear for profit before close of day.
chf
Second buy entry at 10730, do not trade in this environment if not comfortable.
Chf
IF you didnt take profit yesterday and our still in chf trade. Decide before nfp if you can risk the volatility. I am holding the 10780 entry but I am comfortable holding thru todays volatility. If it will make you nervous and you cant handle it risk wise, just close the trade before. There will…
Live Trade Calls for February 1, 2008
TRADE CALL RECAP This morning we were watching the Canadian GDP Report. For this report, the plan was to go long on the EUR/CAD if the release came out lower than expected by 0.2% or more from the expected number. The actual number came out with no deviation, so our trigger was not hit and…
Chf update
Was able to get 10780, horrible claims data spiked it through levels but where it closes the hr will determine sustainability. Remember we have nfp which will be volatile so managing accordingly.