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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…
DetailsTRADE 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…
DetailsThere 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…
DetailsIn 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…
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