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I wanted to give you all an update on where I stand with my position trades and bank flow trades. We have a lot of event risk this week and next so I am being cautious with my re-entries. As you know the Cad continued to my 1.0150 target and struck it almost to the pip.…
Closed all Cad and chf positions. Will look to re-enter next week. Flat on all currencies but eur.
Clearing Cad positions as well around Parity. Still holding over half but plan to reenter if it falls back next week.
I have began closing some of my adds on the CHF and the EUR to protect profit but still maintaining a long term focus. To clarify I am still holding positions I have just taken some off of the table to lock in profits. about 10% so far. At this point I would advise to…
I wanted to make a quick post covering my thoughts on today’s market movement and what I expect to happen moving forward. Yesterday I said we were building a position long in the USD/CHF and short in the EUR/USD and I was expecting a rally in the dollar against both of these combinations. We saw a…
Several weeks ago I told traders that I was expecting the CAD to return to parity (1.00) and I was going to begin to build a position long. If you traded this with me you can clear your positions as the USD/CAD struck a dollar almost to the pip today. This trade has made its…
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…
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…
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…
We finally saw a correction on the Cad which allowed us to remove our hedge with decent profits. At this point we are unhedged and completely net long on the USD/CAD (9607). Still targeting 1.05 long term and 1.00 medium term.