Bank Flow Update

Update USDCAD: Current Price: 1.0168 at 11:40 EDT – Last week in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 still seems to be holding the bulls from climbing. Now I am looking for a sell…

Bank Flow Update

USDCAD: Current Price: 1.0189 USDCAD at 10:40 EDT – Today in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 seems to be holding the bulls from climbing. A breach of that area should take it to…

USDJPY Update

For those of you that were following this pair, I posted yesterday that I was watching for sells at the 103.85 to 103.95 area. The combo sold off from there to 103.35 area for the 40 pip target we were looking for. For traders interested in trading the news, the JPY reacted to the Jobless…

Weekly outlook for Commodities

General Comments: Commodities have been trying to extend the rally we have seen but besides Crude Oil, most commodities are quite a bit below their highs.  We are looking for a consolidation range to become the new near term norm.  We are expecting a lot of two sided chop with little to no directional bias…

4/23/08 Bank Flow Update

USDCHF: For those that are already taking part in the Bank Flow room, the post came in yesterday for a buy at the 1.0015 area. I have had traders reporting upwards of 100 pips profit from today’s moves. USDJPY: Current Price: 103.60 at 11:45 EDT – I will be looking for an intraday sell at…

Bank Flow Weekly Recap

We had another extremely profitable week of Bank Flow trading this past week. Several of the trades had multiple targets and we utilize a scaling out process. Assuming you followed the directions that Jonathan gave, your total on your best positions (including losses) would be approximately 382 pips. There is a breakdown below of the…

Weekly outlook for Majors

This week we have a full report schedule.  We have both PPI and CPI coming out mid week and we are in the midst of earnings season.  We expect to see more pressure on the Dollar as it continues to try and put a base in.  We continue to expect the Dollar to bottom here…