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General market comments: Last weeks FOMC report came out within the expectations. As we forecasted, it turned out to be good for the Dollar. We have now seen significant moves in the Dollar against all of the majors. This Week we are expecting a small near term pullback in the Dollar which we will use…
ForexMasterMaker Managed Account Weekly Report for 12.14.07 We had some good Bank Flow Trades this past week to add some profits to our accounts. We also are happy to see that IBFX has a new liquidity feed that they have put us on for trading which has improved the spreads at news times. The…
Taking cad sell at 10165-70 orders on third test is to risky will wait to see if break and look to sell higher. Markets in majors in tight range so needs to break for safer trades.
Took the chf trade on the approach to 11365-70 orders, but light and will be out quick with it. Stops adjusted to a break of 11408 on a position sell becuase of potential volatile action today. But as intraday trade looking for a quick 20.
General Market Comments Last week we got a split decision from our friends on the other side of the pond. The BOE cut rates as expected but the ECB decided not to. No major surprise in either case. At this point we feel that the ECB has now backed itself into a corner where the…
Will enter trades manually as risk for spike off of data so waiting for that on the chf, aud taking profit because of spike risk.
HOW TO MANAGE FEAR AND GREED TO EMERGE AS A PROFITABLE FOREX TRADER… One of the biggest mistakes a forex trader can make is to ride through a swing that is going against them only to close out once the market comes back to break even. This type of…
Year end alot of factors can come together to produce good 2 way traffic, so looking to take trades that suit this volatility. Eur being unloaded going into event risk, but barrier protection at 145 tough to break today so buy 14515-35 and sell chf 11327-47 as after event move should reverse heading into Non Farm…
WEEKLY RECAP 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: 11/13 – UK CPI – No trade 11/14 – US Retail Sales – No trade 11/15 – UK Retail Sales – No trade…
LIVE TRADE CALLS RECAP In our last trade call, we had a couple of different releases that we focused on this morning. The first was the UK Retail Sales report, and the second was the US CPI report. The UK Retail Sales was expected at 0.2%. We were looking to sell the GBPUSD if…
LIVE FOREX TRADE CALL RECAP This morning we were watching the US Retail Sales report. Our focus was on the Retail Sales less Autos figure, and we were looking to trade if there was a deviation of 0.5% or more than the expected number. The actual number came out with no deviation, so we did…
LIVE TRADE CALL RECAP This morning we were trading the CPI report out of the UK. There were three components we were watching, but the main component was the yearly EU Harmonized number. Secondly we had the yearly core number, followed by the monthly number. Our plan was to go long on the GBPUSD if…