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CANADIAN JOB REPORT PROVIDES TRADERS WITH UP TO 150 PIPS OF PROFIT / BANK FLOW TRADES PROVIDE 50 PIPS 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 calls I sent out covered the Canadian Labor Change report…
Aud trade from friday gave 50-80 pips depending on entry. Took another 15 pips on aud sell in early new york with chf trade giving 40 pips. Carrying nzd sell over at .7800. No more trading till post fomc unless opportunity comes along that cant pass up.
Making short day on clearing chf trades from 11230-40 zone which gave 35-40 pips, can lock it in and let it go if like but just dont want position into fomc so taking it and doing one more rolling into nzd sell at 7790-7800
Will enter trades manually as risk for spike off of data so waiting for that on the chf, aud taking profit because of spike risk.
Still staying light ahead of FOMC. Aud hit 8750 target at week open and this morning gave sell entry again as 8830 still caps, took at 8811 but will lock in prior fomc. Willing to buy chf 11230-40 but under 11225 goes to 11177 where will add heavier to position but still light until fomc…
ForexMasterMaker Managed Account Weekly Report for 12.09.07 Bank Flow Trades have offered us some incredible profits over the past few months. The trades that we participating in over the past few months have been the “longer term” trades and done very well for us. This week we began to trade some smaller “Intra-day” trades…
Decided to close AUD trade going into the weekend due to upcoming event risk. Personally only took 36 pips on this although I saw over 50. You should begin to see more and more of these non news based trades as time goes by. At this point I have yet to take a loss on any of…
Our AUD/USD forex trade from this mornings live session has paid out pretty nicely at this point having moved from the high of .8820 down to .8865. I personally got in at .8808 and will likely hold for a while longer however I recomend to lock in some profits at this point. Our short term target…
With the NFP out of the way and not providing enough momentum to break any level, the market will look toward FOMC to make its next move. Todays initial sell level of 11327 on the USD/CHF paid out twice how be it the second was against NFP so order moved higher in case of volatility…
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 UK Industrial Production report this morning. For the Industrial Production report, we were looking to long the GBP/USD if the report came…
HOW TO MANAGE FEAR AND GREED TO EMERGE AS A PROFITABLE FOREX TRADER… One of the biggest mistakes a forex trader can make is to ride through a swing that is going against them only to close out once the market comes back to break even. This type of…
Year end alot of factors can come together to produce good 2 way traffic, so looking to take trades that suit this volatility. Eur being unloaded going into event risk, but barrier protection at 145 tough to break today so buy 14515-35 and sell chf 11327-47 as after event move should reverse heading into Non Farm…