Cad moves higher thru hedge level.

Bank FlowBy Dustin Pass November 12, 2007

The Cad broke thru the hedge level and has moved on up to the 9660 level where it found resistance. I think that the fact that today is a holiday in the US and Canada many of the banks are not participating and there for the level failed. Addionatlly the thin market we are trading…

Update CAD, EUR, and CHF trade call

Bank FlowBy Dustin Pass November 12, 2007

Still holding our EUR/USD short from 1.4753 level. Still holding our CHF long enties starting at 1.1224 going up to 1.1265.

My contact has suggested to hedge Cad around 9580/9600 area, expecting a retracement. Stand by for additional info.

US, UK, CAD, Trade Balance forex trade alert results.

Forex Market UpdatesBy Dustin Pass November 10, 2007

The last Forex trade call I sent out covered three different currency trading opportunities. The First was the UK Trade Balance which was released at 4:30 am Eastern. The plan on this release was to go short on the GBP/USD if it came out worse than expected by $900 million. Our trigger was just missed so we didn’t take the…

Managed Account Weekly Report for November 10, 2007

Managed Track RecordBy Dustin Pass November 10, 2007

ForexMasterMaker Managed Account Weekly Report for 11.10.07 Below is the weekly report for the Managed Account. You will see the profitable hedge trades that were closed on the USD/CAD which gave us a little breathing room for the current open positions. We are still holding the positions and we are pleased to see a…

Trading two different releases

News Trade CallsBy Dustin Pass November 2, 2007

This morning we were trading two different releases out of two different countries. The first report was the Canadian Labor Change report, and the second was the US Non-Farm Payrolls report. CAd EMPLOYMENT SCORES 29 – 62 PIPS FOR TRADERS… On the Canadian report we were looking for 15,000 in deviation. We actually got 50,000…

Managed Account Weekly Report for November 2, 2007

Forex Market Updates, Managed Track RecordBy Dustin Pass November 2, 2007

ForexMasterMaker Managed Account Weekly Report for 11.02.07 Here is the Weekly Report for the FMM Managed Account. There were not a lot of trades this week and the market is reacting different than normal as different currency pairs reach extreme levels. Dustin did send out an email to most clients on his other mailing…

USDCAD MAKES REBOUND / POTENTIAL 30 – 70 PIP TRADES TOMORROW

US News DataBy Dustin Pass November 1, 2007

We were watching two news releases this morning, neither of which hit our triggers. First the US PC Core report came out, and my recommendation was only to trade this if we had Personal Spending and PC Core in agreement, and both deviating by 0.2 or more. This did not occur, so this was a…

FOMC MAKES ANTICIPATED RATE CUT

US News DataBy Dustin Pass October 31, 2007

Today we had several news events that we were watching. First were the US GDP and the Canadian GDP that were released at the same time. Just prior to that, we had ADP Employment come out of the US, and then today at 2:15 we saw the FOMC adjust their rates down .25% as expected.…

UPDATE ON EURUSD, USDCAD

News Trade CallsBy Dustin Pass October 30, 2007

As I mentioned in my blog yesterday, we have seen more USD weakness as the market is anticipating a .25% rate cut by the FOMC tomorrow afternoon. Again, the key factor on market direction will be the comments following the rate decision. If they follow up saying that they are considering dropping it more, then…

WEEKLY RECAP

News Trade CallsBy Dustin Pass October 26, 2007

I would like to recap the trades for this week and let you know of the upcoming trades we will have next week. We had two LOTN trades this week: 10/23 – Canadian Retail Sales – No trade 10/25 – US Durable Goods Orders – No trade NEXT WEEK’S OUTLOOK Next week looks very promising…

50 PIPS ON THE EURUSD, 70 PIPS ON THE USDCAD…

US News DataBy Dustin Pass October 26, 2007

For our last trade call, we were watching US Durable Goods and we were looking for 3.0% in deviation to trigger a trade. We did not get enough deviation to give us a trade. We have made some adjustments to our triggers on this release simply because we have not received much movement for the…

Managed Account Weekly Report for October 26, 2007

Managed Track RecordBy Dustin Pass October 26, 2007

ForexMasterMaker Managed Account Weekly Report for 10.26.07 This was a slower week. We have made some nice profits this month and continue to hold our positions in the Bank Flow Trades. We did close one as you can see below. If you are looking for more information about the Bank Flow Trades please remember…

Yearly Archives: 2007