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ForexMasterMaker Managed Account Weekly Report for 1.04.08 Here is the Weekly Report for the Managed Account. There were no closed positions this week and we were setup for the following news events with requotes on both. We are currently holding some Bank Flow positions in the EUR/USD and the USD/CHF. Don’t forget you can find…
If took chf trade, you can clear it for intraday profit. Or lock it in and hold for move into mid 112’s
New week and hopefully start of full liquidity back in market which will give plenty of order opportunity. For now buy usd/chf close to 111-11110
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the US ISM report yesterday. For the ISM report, we were looking to long the GBP/USD if the report came out at least…
Eur and Chf trades have paid out around 70 pips apiece. Your choice to take profit as intraday trades or hold for follow through. Either way lock in some profit do not let it go negative from here.
Welcome to 2008. Markets still thin condition till next week. So remain cautious, risk aversion theme and thin markets really unloading jpy pairs which is affecting chf as well. If want to trade, for now sell Eur close to 14765-75 and buy chf close to 11115-25.
I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the US Durable Goods report last Thursday. For the Durable Goods report, the plan was to go long on the GBP/USD if the release…
For traders that took adds or new trades in sell 14725-50 zone in eur or buy 11230-50 zone chf, it has paid really quickly. For traders that are averaged in with last week aggressive entries, today took position into the money. Since year end, exit is up to you, you can hold and wait till wed…
This post should not be for most of you as most of you do not fit in this category hence the reason your reading from this blog. Aggressive Traders should be more experienced and have defined their own risk management. If however there are some that entered the aggressive trade entries on eur and chf …
Market still taking advantage of thin liquidity conditions and running with yesterdays assasination news. Should have picked up 20-30 pips each on eur and chf trades or worse case breakeven stop. The nzd 7730-40 gave 30 pips and is currently back in sell zone but not taking it again as gonna wait till new year for…
Suggest moving to atleast breakeven stop on eur trade from 14625-30 and chf from 11370-85. If 146-14595 is not broken on downside test, suggest closing trade for 20-30 pips and chf for 30 pips.
Markets still thin producing squeezes so still suggest caution. Sell eur in front of 14625-30 and buy usd/chf in front of 11370-85.