Its been a while since my last post around this AUD/USD. If you remember I suggested traders to look for a top around .9495/05 then shooting for 90 cents longer term for around a 500 pip target. The high was actually 9501 so we saw are level hold fairly well resulting in a move down…
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 US Retail Sales report this morning. We were looking for a deviation of 0.5% to enter a trade. The number came out with…
TWO TRADING OPPORTUNITIES LATER TODAY There will be two opportunities to trade tonight. The first will be when the NZD Retail Sales report is released at 5:45 pm EDT. The expectation for this report is 0.3%. We have placed a safe trigger of 0.3% for this release. This report has met our safe trigger in…
In the Foreign Exchange Market, there are no absolute guarantees, but learning to trade Live-on-the-News (LOTN) is as close to a sure thing as you will find. This kind of Forex trading makes the most of the fundamental elements of the market.
TRADE CALL RECAP / FIRST DAY OF BANK FLOW TRADE ROOM This morning we were watching the UK Industrial Production report, and looking for a safe trigger of -0.5% to enter a sell on the GBP/USD. The actual number came out with a deviation of -0.2%, so we did not enter this trade. To see…
I would like to recap what we did on the last live trade calls, talk a little about the new Bank Flow Strategy service that starts tomorrow, and give you the criteria for a possible trade tomorrow. The last trade calls I sent out covered the Canadian Labor Change and the US Non-Farm Payrolls reports…
I added another entry at bottom of 10170-10220 that was posted earlier, if you took trade from those levels lock it in, reason I took off stop yesterday and was ok with carrying it was looking to build position for medium term trade anyway, if you got stopped out yesterday, todays reentry level should make…
Still in chf because I removed my stop, I added another entry 10220. Manage your risk in this environment still alot of squeezing going again. 10170-10220 offers good risk reward to buy on position basis. Today is NFP later so expect volatility.
CANADIAN GDP PROVIDES UP TO 50 PIPS Our last live trade calls were this past Monday when we were watching the Canadian GDP and US ISM Manufacturing reports. The Canadian GDP report was the trade of the day as we were looking to long the USD/CAD and EUR/CAD if the report came out at least…
With my avg at 10302 I am removing my stop in this squeeze environment although orders still there so might not be issue. I just cant give more screentime today so I’m finding with carrying it. DO NOT DO IT IF it doesnt fit with your risk profile.
Got an add at 10285 on the squeeze into 10270-10280, so my avg is around 10302. Keeping stop at 10270 for now.
I’m in at 10320, stop at 10270, given more room as market in squeeze mode, I will look to add on a move lower, just wanted to give a level to watch. If it does squeeze to 10270-80 and market holds will add there, IF breaks will cut trade.