TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Labor
Force Employment report is released at 9:30 pm EDT. The
expectation for this release is 10k jobs. We have placed a
safe trigger of 20k jobs for this release. We have
historically seen moves of around 25 to 40 pips when this
release has met the safe deviation. We will not have the Live
Trade Room open for this trade, but I wanted to make you aware
of the opportunity.
BANK FLOW WEEKLY RECAP
Last week was an interesting week as it was a short week with
the July 4th US holiday and two major news releases on July
3rd. If you followed Jonathan’s instructions, you could have
netted at least 140 pips for the week. The trade calls are as
follows:
6/30/08 – Buy USDCHF @ 1.0161 – Showed over 60 pips of profit
before coming back to breakeven stop
7/1/08 – Buy USDCHF @ 1.0140 – Showed about 90 pips of profit
before coming back to breakeven stop; Jonathan mentioned to re
enter if it came back to the 1.0135-40 area and hold – if a re
entry was made, then a portion of that trade was closed
yesterday for 180 pips and holding the rest with over 120 pips
of profit locked in.
7/2/08 – Sell EURUSD @ 1.5866 – Jonathan warned to take profit
quickly as the ECB interest rate decision was the following
morning; the trade showed approximately 25 pips of profit
before going about 3 pips beyond the 40 pip stop just prior to
the ECB rate decision; it has since dropped over 200 pips from
the entry level
If you just put a 40 pip limit on each trade, you would have
netted at least 40 pips of profit for the week, even if you did
not re-enter the USDCHF trade. If a re-entry was made, then
you would have netted at least 80 pips of profit.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!!
