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If didnt clear Nzd yesterday on trip below 78 can clear trade now for 100 pips. As a rule like to close intraday short term trades before week is over. Position trades are different and as nzd was not entered as position clearing the trade and moving on.
Taking quick 15-20 on chf as didnt get filled on second order at 45. If holding lock in at breakeven and if gets under 11407 can look for 11385-90.
Took half size at 34 with limit order for other half at 45 in case market doesnt get back there.
My feeling indicator was right, its developed from years in front of the markets which you will develop as well. Now that break took place will provide better short term trading opportunities. The break was good for my core long usd positions been building and holding over past month but this blog is designed for…
If levels hold might take quick trade, but sometimes in the markets it just doesnt feel right especially if you’ve been doing it for a long time. Today is one of those days for me, something needs to break, I prefer to sit on the sidelines. Could be wrong and miss opportunity but have to…
The Greater British Pound is a volitile currency and tends to overshoot levels so use these with caution. Support can be found from 2.0315/25 and I would expect them to hold up for a while for a run back up to as high as 2.06. This is the range I expect we will see until mid next…
11407-10 sell orders in place so watch if approach that level, market been in tight range, if it breaks it could have momentum to take orders out, so use discretion, but sell in that area will allow for tight stop.
Taking cad sell at 10165-70 orders on third test is to risky will wait to see if break and look to sell higher. Markets in majors in tight range so needs to break for safer trades.
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Nzd has paid out close to 50 pips now, you can clear trade or at minimum lock it in at profit. I continue hold but at this point could clear the trade based on market without being able to update before hand. Still targeting under 78.
After market settled a bit, see that the chf orders at 11365-70 payed out again, after the spike the hr couldnt close above them and 11408 was never tried. In the afternoon the cad sell from 10165-70 has paid out 40 already. I did not take either as I said in previous post was not…
When I said letting market play out today, means staying away from other trades until it settles.
The rumors from last night of Fed action came true as Fed just announced plan which has caused panic and reignited risk appetite for high yielders and carry trade. Momentum with the longs until the news fades. Just bad timing on taking trade that would normally work not knowing Fed joint action about to be announced,…