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Still staying light ahead of FOMC. Aud hit 8750 target at week open and this morning gave sell entry again as 8830 still caps, took at 8811 but will lock in prior fomc. Willing to buy chf 11230-40 but under 11225 goes to 11177 where will add heavier to position but still light until fomc…
ForexMasterMaker Managed Account Weekly Report for 12.09.07 Bank Flow Trades have offered us some incredible profits over the past few months. The trades that we participating in over the past few months have been the “longer term” trades and done very well for us. This week we began to trade some smaller “Intra-day” trades…
Decided to close AUD trade going into the weekend due to upcoming event risk. Personally only took 36 pips on this although I saw over 50. You should begin to see more and more of these non news based trades as time goes by. At this point I have yet to take a loss on any of…
Our AUD/USD forex trade from this mornings live session has paid out pretty nicely at this point having moved from the high of .8820 down to .8865. I personally got in at .8808 and will likely hold for a while longer however I recomend to lock in some profits at this point. Our short term target…
With the NFP out of the way and not providing enough momentum to break any level, the market will look toward FOMC to make its next move. Todays initial sell level of 11327 on the USD/CHF paid out twice how be it the second was against NFP so order moved higher in case of volatility…
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK Industrial Production report this morning. For the Industrial Production report, we were looking to long the GBP/USD if the report came…
HOW TO MANAGE FEAR AND GREED TO EMERGE AS A PROFITABLE FOREX TRADER… One of the biggest mistakes a forex trader can make is to ride through a swing that is going against them only to close out once the market comes back to break even. This type of…
Year end alot of factors can come together to produce good 2 way traffic, so looking to take trades that suit this volatility. Eur being unloaded going into event risk, but barrier protection at 145 tough to break today so buy 14515-35 and sell chf 11327-47 as after event move should reverse heading into Non Farm…
OUR NEXT LIVE ON THE NEWS TRADE CALL Our next live trade call will be tomorrow when the UK Industrial Production report will be released at 4:30 am EST. We will be focusing on the Industrial Production (MoM) figure, which will be Row 1 on the RSS. The expectation for this report is 0.2%. We…
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.…
I want to recap what we did on the last live trade call and give you the criteria for a potential trade tonight. The last trade call I sent out covered the US ISM Manufacturing report this morning. For this report, our plan was to go long on the GBP/USD if the release came out…
I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the Canadian GDP report last Friday. For the CAD GDP report, the plan was to go short on the USD/CAD if the release came…