There is an opportunity to trade tonight when the AUD GDP Report is released at 7:30pm EST. Your focus should be on the AUD GDP (QoQ) figure, which is expected to be 0.6%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of 25-40 pips when this release…
General Comments: Commodities continue to grab headlines, not only in financial news but now also in main stream media. This is a clear sign that commodities as a whole are at or very near a short term top. We are still using these rallies to exit the few long positions we still have on. We…
General Market Comments Last week we saw an extreme move in the Dollar breaking down below support and making both recent and all time lows against many currencies. We did not expect the extreme nature of this move and believe that at least ¼ of last weeks move is overdone in the near term. We…
TRADING OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Retail Sales is released at 7:30pm EST. Your focus should be on the AUD Retail Sales (MoM) figure, which is expected to be 0.5%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of around…
TRADE CALL RECAP For my last live trade call, we were watching the US GDP report that was released last Thursday. We were looking for a safe trigger of 0.4% to get in this trade. The actual number came out with a -0.2% deviation, so it did not meet our trigger and we did not…
Nzd went thru first target of 8020-30, read old post for position targets lower. If holding, either way, lock in good profit now on the trade.
Jpy same as before, from post entry, it bounced 30 pips so stop moved to breakeven. Nzd finally broke down, since I reentered from 8160 as well as 8125 I am taking half off and locking in the rest.
If bought this afternoon when suggested it bounced to 10544 so stop should have been moved up to breakeven. Rebuying here around 10460.
Thinking about risking a trade on usd/jpy 105-10510 buy, but will put a 50 pip stop on it. Take it if you’d like.
I have been talking about he AUD/USD for a few days in my live trade room and many have told me they were hedged and ask where a good place to clear the hedge was. I have recieved info that there are orders sitting around the 9495 to 9507 level so this is a good place to clear…
Market still in squeeze mode at month end, why I’m still only in nzd trade. Gave 20 pips of profit earlier, could have moved stop to breakeven. If you did, you can reenter here, I believe nzd data this afternoon as well.
