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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 GDP report last Friday. For the UK GDP report, we were looking to short the GBP/USD if the report came out…
The Cad has moved up extremely well over the past few weeks and the market has come within 15 pips of our first long term target. A new pattern has shown itself and I expect to see the Cad continue up to around 1.0150-79 however we are comming into months end and have had a…
ForexMasterMaker Managed Account Weekly Report for 11.23.07 I hope everyone had a nice few days off and a great Thanksgiving. Here is the Weekly Report for the Managed Account. We had a great week with the CAD recovering all the way up to profit on all positions and some additional news trades as seen below. …
Because of the US holiday tomorrow, I wanted to go ahead and recap what we did on the last live trade call and give you the criteria for our next live trade call on Friday morning. The last trade call I sent out covered the Canadian Retail Sales report this morning. For this report, we…
Current price 1.4827 Sell Zone on EUR/USD is 1.4827 up to 1.4855. Enter with small leverage if this is a new position for you. If you are building a position and have prior entries you may want to give a little time in this range to prove that it is not going to continue on…
USD/CAD Cad is struggling with .9860 level so we are keeping a close eye on it. New wedge pattern emerging and a break of the lower trend line currently .9760 could yeild .9500 so keep a look out for a break of the trend line of this wedge pattern. This would not negate the expected move to parity…
LIVE ON THE NEWS TRADE OFFERS POTENTIAL OF 40-50 PIPS � On our last trade call this morning we were watching the Canadian CPI, looking for 0.2% in deviation. This release came out with a deviation of 0.2%, so it met our safe trigger. We had many traders report getting in this trade, with several…
OUR NEXT LIVE ON THE NEWS TRADE CALL Tomorrow we will have an opportunity to trade when the Canadian CPI report will be released at 7:00 am EST. We will be focusing on the CAD Core CPI (YoY), which will be Row 1 on the RSS. The expectation for this report is 2.0%. We will…
This week could be an interesting week for the markets. I believe it will yield a good opportunity for the dollar. If you remember last year at thanksgiving it was the eur that broke the 1.30 level and ran up to 1.33 and then never looked back from a yearly stand point. I believe we…
current price .9717 current time 12:45 pm eastern Cad is making a strong retracement after a very good move up off of the 9500 level to .9885. In order for the market to continue to go up it needs to make corrections from time to time by retracing. I expect .9700 will hold from a…
WEEKLY RECAP I would like to recap the trades for this week and let you know of the upcoming trades we will have next week. We had two LOTN trades this week: 11/13 – UK CPI – No trade 11/14 – US Retail Sales – No trade 11/15 – UK Retail Sales – No trade…
LIVE TRADE CALLS RECAP In our last trade call, we had a couple of different releases that we focused on this morning. The first was the UK Retail Sales report, and the second was the US CPI report. The UK Retail Sales was expected at 0.2%. We were looking to sell the GBPUSD if…