Archive for February, 2008
Nzd into close
Nzd went thru first target of 8020-30, read old post for position targets lower. If holding, either way, lock in good profit now on the trade.
Update
Jpy same as before, from post entry, it bounced 30 pips so stop moved to breakeven. Nzd finally broke down, since I reentered from 8160 as well as 8125 I am taking half off and locking in the rest.
JPY
If bought this afternoon when suggested it bounced to 10544 so stop should have been moved up to breakeven. Rebuying here around 10460.
Jpy
Thinking about risking a trade on usd/jpy 105-10510 buy, but will put a 50 pip stop on it. Take it if you’d like.
AUD/USD
I have been talking about he AUD/USD for a few days in my live trade room and many have told me they were hedged and ask where a good place to clear the hedge was. (…)
Squeeze
Market still in squeeze mode at month end, why I’m still only in nzd trade. Gave 20 pips of profit earlier, could have moved stop to breakeven. (…)
The Most Important Forex Expert You Will Never Meet: Who is He?
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.
Nzd
Still in nzd trade, actually added some close to 82 and already took it off, didnt post it as dont advise adding yet as market in squeeze mode at month end. So just use post from yesterday. (…)
Trade Call for February 28, 2008
TRADE CALL RECAP
For my last live trade calls, we were watching the UK GDP and
US Durable Goods Orders reports that were released this
morning. Neither of these trades met our triggers, so we did
not enter based on either of the news events. To see the
videos of these news events, click on the links below:
http://www.tradingliveonthenews.com/vid/UKGDP022708/
http://www.tradingliveonthenews.com/vid/USDurableGoods022708/
OUR NEXT LIVE ON THE NEWS TRADE CALL
The next trade will be at 8:30 am EST when the US GDP report is
released. Our focus will be on the GDP Annualized (QoQ)
number. The expectation for this number is 1.2%, and we will
be looking for a deviation of at least 0.4% to trigger a safe
trade. (…)
Forex Fallacies: The Top Ten List
When it comes to trading Forex, most short-termers are also short-timers. They lack the stomach and the capital to stay in the game. For the patient, committed, informed investor, Forex is a promising and lucrative Market. Most “wanna-be” traders do not fit the above description, however, and ultimately lose out.
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