Was stopped out of aud trade from 9070-9090 sells for 90 pips. Aud employment release was very strong causing reversal of move. Still in nzd but monitoring closely, also retail sales for nzd is later this afternoon. For aud levels to watch hold this upmove are 9050-60.
TRADE CALL RECAP This morning we were watching the US Retail Sales report, and looking for a safe trigger of 0.5% to enter a sell on the GBP/USD. The actual number came out with a deviation of 0.1%, so we did not enter this trade. To see the video from this trade, click on the…Details
Aud entries from 9070-90 and nzd from 7932 up over 200 pips combined and looking good as position trades but lowering stops to above days high then will reassess into close. If market turns unexpectedly and rapid will prob close trades for more profit but not expected at this point.
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK CPI report this morning. For the UK CPI report, we were looking to short the GBP/USD if the report came out…Details
Moving stops to protect a little profit on aud sells from 9070-90 and nzd from 7932, move atleast to breakeven. Still holding these entries for position trade, if dont want position you can clear for some decent intraday profit.
The verdict is in. Despite the fluctuation in world markets, 2007 witnessed robust growth in Forex trading. The results of the triennial survey of Foreign Exchange and Derivatives Market Activity, conducted by the Bank for International Settlements, paint an interesting picture of a remarkable year: “The 2007 survey shows an unprecedented rise in activity in…Details
Stopped out on new sell adds yesterday, levels held and provided some decent pips for intraday, but went through today for position trade, reentered sell aud 9070-9090, also taking nzd sell 7930ish.
TRADE CALL RECAP I would like to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the Canadian Labor Change report last Friday. For the Canadian Labor Change report, and we were looking to…Details
Comments: The CRB index hit another record. Grain prices exploded to the upside on the back of Friday’s Crop progress and Supply Demand reports. We mentioned last week that the current up trend in commodities is reaching unsuitable levels. This continues to be true so be careful with any new long entries at current levels. …Details
Last week played out much like we expected. The RBA did raise rates while the BOE cut and the ECB did nothing. This week we do not have a lot of new data coming out so look for more range bound action this week. We continue to see the Dollar struggling in the near term but ultimately still holding support well above the double bottom lows near 75.
now entering sell at top of hold level posted earlier, but will stay tight with it because of time of day. So will go to breakeven real quick or close if level doesnt hold and look to reenter sell 30-40 pips higher from 9050.
Entry from .9100 was stopped out, I had pulled the stop lower to 8980 on it to lock more profit. Looking to add back another sell entry. Looking for 9045-9055 to hold any move up so use that area in risk management for any new entries.