Saturday Feb 4

Posts Tagged ‘Bank Flow’

« Older Entries
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.

Tags: , , ,   |  Posted under Bank Flow  |  Comments  3 Comments
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.

Tags: , , , ,   |  Posted under Bank Flow  |  Comments  No Comments
Nov
11/08
Bank Flow Update Nov 11
Last Updated on Tuesday, 11 November 2008 12:42
Written by admin
Tuesday, November 11th, 2008

Bank Flow Data Remains Thin

Over the past few months, since August, the global economy has created a volatile trading environment. Bank Flow data has remained thin as we faced uncertain market conditions. With the US elections behind us, the hope is that the markets will settle somewhat and we can return to a more traditional trading set up.

Trading Information

Also, I would like to begin posting regular entries into this blog about the Bank Flow data again. As new information arises new posts will be made about this trade information.

Equities Driving Movement

Today’s market conditions could be volatile with the US holiday. Bank data is light due to the holiday so we hesitate to rely on the flow information that we currently have. Equities seem to be driving the movement so far. As soon as the Bank Flow data becomes stronger I will make a new post.

Forex Traders Daily

Tags: , , , ,   |  Posted under Bank Flow  |  Comments  No Comments
« Older Entries

Special Offer!

Feed Options



Or, subscribe via email

Enter Your E-Mail Address:

Free Forex Training Course

This Free Forex Training Course is one of the most comprehensive trading courses on the market today. Learn more about some of the most critical, basic elements and concepts of Forex Trading.

Categories

Pages

Archives