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.
Buying usd/chf, stop under 10280.
Sorry about misprint, was trying to hurry so you would receive post as market price was there when typing. It was 1.5290 hopefully obvious, if not, apologize. Any time I post number without decimal it represents the numbers right after decimal. If you did get the trade, you might have already cleared for profit, if…Details
TRADING OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Trade Balance report is released at 7:30 pm EST. Your focus should be on the AUD Trade Balance Goods figure, which is expected to be -$2.55 Billion. We have placed a safe trigger of $500 Million for this release. You will want…Details
Sell Eur 4290, use caution with size in this environment as market still in squeeze mode
There is an opportunity to trade tonight when the AUD GDP Report is released at 7:30pm EST. Your focus should be on the AUD GDP (QoQ) figure, which is expected to be 0.6%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of 25-40 pips when this release…Details
General Comments: Commodities continue to grab headlines, not only in financial news but now also in main stream media. This is a clear sign that commodities as a whole are at or very near a short term top. We are still using these rallies to exit the few long positions we still have on. We…Details
General Market Comments Last week we saw an extreme move in the Dollar breaking down below support and making both recent and all time lows against many currencies. We did not expect the extreme nature of this move and believe that at least ¼ of last weeks move is overdone in the near term. We…Details