Nzd
The Nzd continues to provide 30-40 pip bounces off the 7530-50 area, just having to take what the market gives but being cautious and looking for volatility heading into week end.
Chf
Sell on chf got triggered at 11585 yesterday, took it off for 30 pips. Today will look to sell from 11623 orders as previous orders might not hold.
AUD/USD forming channel as we go into the holiday
The AUD/USD had formed an obvious channel topping out around .8645 which is the level I posted would be a key level to break and the botton of .8550 which was our next add level that I posted a few days ago. I have received reports of profits from traders playing the range getting in…
Nzd and market
Nzd has given a couple opportunities to buy in 7530-50. So if bought now is time to protect position and not let it go negative now. May change target based on market action as this week has not offered many good plays as liquidity drying up and not alot of willing participants to put on…
AUD/USD gives buyers another chance.
In my last post I said that if you did not get a chance to get in at .8550 you would likely get another chance. That level was retested today and since then we have see amove of over 50 pips so once again another example of patience paying off. I was not in front…
Nzd
Will look to take sell once Nzd reaches back to 7680 so aggressive traders could buy it for the ride back up. I would prefer it from 7530-50.
Tight markets
Markets are tight again making it difficult for trades that have best odds. But that might be a good thing since we approach holiday weeks. No reason to give back any money made this year going into year end just because you want to take a trade. Because of tightness will raise sell on jpy…
AUD/USD just misses my add level
In my last post I said I would not add again until it made it to the .8535-50 area and it missed this target by about 5 pips. I did however add to my position but not as low as I would have liked to. Never the less I am still anticipating a nice profit out…
Update
Market didnt reach chf and jpy levels but held under them by 10-15 pips which sometimes can happen if orders are large and not enough momentum to take them out. So sometimes have to use area in front of level to take trade if that is the gauge the market is giving. Have buy chf…
New Week
Its a new week so looking for new short term opportunities as core longs are performing well. It is approaching holiday weeks so thin markets sometimes are not as reliable as order volume is reduced. So will remain cautious till mid-Jan when volume will increase. For now chf sell orders 11585-90 and usd/jpy sell orders 11365-70…
Managing the AUD/USD trade
I have added to this position several times as it has fallen and now have a net open of around 0.8646. I intend on closing all the positions down around the 65-70 level for net profits. If the AUD looks like it is going to break the level I may let it run and hold…
AUD/USD entry
Took a long on AUD/USD around .8670 area based on flow level but turned out to be a squeeze play. Currently aud is at .8620 area and I have taken another small position as it fell and will continue to monitor. Keep a look our for updates. This position I currently have less than 1:1 leverage…