Eur and Chf
For aggressive traders only because of market conditions. Selling eur in 14570’s and buying usd/chf in 11420’s. Update later targets.
News Reaction
Markets reacting to news of Pakistans Benazir Bhutto getting killed in a suicide bombing this morning eastern time. Some suggesting Al quada involved. Once market settles this could provide good levels to add to usd long positions. The closer short to 146 on eur the better, The usd/chf has initial support at 11425-30.
Happy New Year
Wishing you a happy new prosperous year in your pursuit of trading. Personally the trade trigger will probably not be used till the 2nd or 3rd of Jan. Unless something just cant be passed up its not worth the risk in this market environment. Once the new year gets kicked back in with full liquidity…
Live Trade Call for December 27, 2007
I would like to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK Retail Sales report, as well as the Canadian Retail Sales and GDP reports last Friday. For the UK Retail Sales report,…
Test
Test
Closing AUD/USD to end a great week.
I am closing all my AUD/USD positions except a very small position that I will hold for profits (still may opt to close soon) as we are close to our target price of .8680 and not worth the screen time to sit and watch just to pick up another 10 pips or so. It may continue but…
Nzd and Chf
Suggest clearing latest NZD from 7530-50 for 130 pips as has pulled back approaching sell zone as expected. Since it is friday I will not be taking a sell on it. The Chf levels held again for a swing back of 70 pips. As posted yesterday I did not take second trade on it, if…
AUD/USD Struck our target to the pip almost :)
When I posted the aud trade our original entry was around .8670 and it turned out to be squeeze play so I said I would add down to my expected bottom .8530-50 and would trade back up to .8680 (see post December 18, 2007, 4:37 pm) That target has been struck so for those that…
Live Trade Calls for December 21, 2007
TRADE CALL RECAP This morning we were watching two news reports for potential trades. First was the UK GDP, and I mentioned in the Live Trade Room that you could change your safe trigger from 0.2% to 0.1%. The actual number came out with no deviation, so we did not enter a trade on this…
NZD Trade Opportunity at 4:45 pm EST
There is an opportunity to trade later today when the NZD GDP report is released at 4:45 pm EST. Your focus should be on the GDP (QoQ) figure, which is Row 1 on the RSS. The expectation for this report is be 0.4%. We have placed a safe trigger of 0.2% for this release. The…
Adding to a profitable position
In our forum I ran across the question “when people say they are “building a position.. what exactly do they mean.” There were some great answers following this which spawned the question “would you ever add to a position that is allready positive” I thought both of these questions were great questions to ask so I…
Nzd
The Nzd continues to provide 30-40 pip bounces off the 7530-50 area, just having to take what the market gives but being cautious and looking for volatility heading into week end.