TRADING OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Retail Sales is released at 7:30pm EST. Your focus should be on the AUD Retail Sales (MoM) figure, which is expected to be 0.5%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of around…Details
TRADE CALL RECAP For my last live trade call, we were watching the US GDP report that was released last Thursday. We were looking for a safe trigger of 0.4% to get in this trade. The actual number came out with a -0.2% deviation, so it did not meet our trigger and we did not…Details
Nzd went thru first target of 8020-30, read old post for position targets lower. If holding, either way, lock in good profit now on the trade.
Jpy same as before, from post entry, it bounced 30 pips so stop moved to breakeven. Nzd finally broke down, since I reentered from 8160 as well as 8125 I am taking half off and locking in the rest.
If bought this afternoon when suggested it bounced to 10544 so stop should have been moved up to breakeven. Rebuying here around 10460.
Thinking about risking a trade on usd/jpy 105-10510 buy, but will put a 50 pip stop on it. Take it if you’d like.
Market still in squeeze mode at month end, why I’m still only in nzd trade. Gave 20 pips of profit earlier, could have moved stop to breakeven. If you did, you can reenter here, I believe nzd data this afternoon as well.
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.Details
TRADE CALL RECAP For my last live trade calls, we were watching the UK GDP and US Durable Goods Orders reports that were released this morning. Neither of these trades met our triggers, so we did not enter based on either of the news events. To see the videos of these news events, click on…Details
When it comes to trading Forex, most short-term traders are also short-time traders. They lack the stomach and the capital to stay in the game. For the patient, committed, informed investor, Forex is a promising and lucrative Market. Most “wanna-be” traders do not fit the above description, however, and ultimately lose out.Details