Sunday Feb 5

Archive for the ‘Bank Flow’ Category

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Jan
29/10
Hey Guys, This is Jonathan,
Last Updated on Friday, 29 January 2010 12:01
Written by admin
Friday, January 29th, 2010

getting ready to get back into the bank flow room. For those that were with us and maybe followed my usd long building positions all fall I am now locking in profit on eur. Before I stopped the room I gave the levels that would make me reevaluate my holdings, it was a weekly close above 151 for the eur, so as long as that didnt happen I would continue to add short eur and buy usd against others. This point just want to being to protect a substantial amount of profit on trades and see if we get any pullbacks. Looks like we could have a great trading market this year so will do our best to profit from it. Talk soon.

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Dec
04/08
Bank Flow Update Dec. 4
Last Updated on Thursday, 4 December 2008 12:02
Written by admin
Thursday, December 4th, 2008

Bank Flows Light

As we begin the holiday season we continue to see volatile swings as more economic data is released and persistent uncertainty about the global economy.  The Bank Flows remain light and liquidity has not returned to a normal level.

On Friday of this week we have US Non Farm Pay Rolls and also Canadian Employment data which have both been know to be volatile movers.

We have a new Bank Flow level to watch today. On the USD/CAD there are sells setting up at a former resistance level at 1.2720 to 1.2740. On a test of this area we will look to short the CAD expecting to lock in as soon as we can for a swing back to the mid 1.2400’s.

GOOD RISK MANAGEMENT

As usual you should be aware of the ongoing instability of the current trading environment. I would suggest that you have a good risk management system in place and use proper leverage so not to jeopardize any profits you may have made.

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Nov
21/08
Bank Flow Update Nov. 21
Last Updated on Friday, 21 November 2008 10:12
Written by admin
Friday, November 21st, 2008

Market Movement

Yesterday we posted two buy levels on the GBP/USD and EUR/USD. The EUR missed the mark by 10 pips or so. However, the GBP had a solid spike into the 1.4725 buy level. We have now seen a push all the way into the 1.5050’s for a total move of about 325 pips. There was some hesitation at the 1.4875 area and may have cause many traders to jump out. Yet even an exit at this level would have profited 150 pips.

This trade was a good solid entry for the week and shows how a little patience and waiting for the right opportunity is the safest move in this environment.

Intraday Safety

As we cautioned last week, this is Friday and over the past several weekends we have seen large gaps develop at the open on Sunday evening. You may want to use caution on any entries today and treat any trades made as intraday for safety over the weekend.

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