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It has not been an especially active week for posting trades to this forum. We started out the week with a bang with 178 pips captured. However, since then I have not been comfortable posting any new levels. If you have spent any time at trading currencies you know that overtrading can be your worst…
DetailsTRADE CALL RECAP Our last live trade call was this past Wednesday when we were watching the UK Industrial Production report. This report did not meet our safe trigger as we were looking for a 0.5% deviation or higher, and the number came out only 0.4% worse than expected. We did have a few traders…
DetailsTRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Labor Force Employment report is released at 9:30pm EDT. The expectation for this release is 10k jobs. We have placed a safe trigger of 20k jobs for this release. We have historically seen moves of around 25 to 40 pips when this…
DetailsEURUSD Update: Yesterday on the EURUSD I posted the 1.5578 area to watch for sells. The level was hit with a short spike though and has now fallen nicely to 1.5470. Where it would have been nice to take the full run our intraday target of 40 – 80 pips was met and the trade…
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