It was a fight in the sell zone that gave several opportunities for 25-30 pips. my first trade was taken at 8788 and it went to 8760 several times but couldnt get downside going because of rise in equities it continues to follow. I was stopped at breakeven but have reentered sell here at 8815.
If you took a buy on aud would recommend clearing it, didnt get close enough for me to take it. Looking to sell aud into 8780-8800 on a hold. Would like to see nzd closer to 7760-7780 to sell.
Will be looking to buy aud as close to the 8580-8590 zone as I can. It might not get there so will have to use discretion on price action for entry. The closer the better so will wait for the approach.
CAD RETAIL SALES REPORT PROVIDES SOME QUICK PROFITS FOR TRADERS This morning we were watching the Canadian Retail Sales figures, and I mentioned in the Live Trade Room that you could change your safe trigger from 0.4% to 0.5% as the Bank of Canada was expected to change rates only 30 minutes after this trade. …Details
Support is between 1.0220-30 so look to clear some of Cad in that area. Be sure to lock in anything that you dont clear.
Clearing 10370-90 sell cad for nice quick trade for 140 pips.
Locking in the cad trade to atleast breakeven from 10370, with data coming up not worth the risk without protection. If it gets hit will look to reenter based on market action. If want can just clear for 50 pips now.
Only trade looking to take now is sell usd/cad 10370-90, preferrably close to 90. Use caution as the BOC interest rate announcement is out at 9 eastern.
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 Retail Sales report last Friday. For the Retail Sales report, we were looking to short the GBP/USD if the report came…Details
This week we start off with a holiday here in the States. As usual the lack of volume will cause volatility to be more extreme than normal. Global stock markets continue to fall as they begin to realize that the problems here in the US will not be fixed anytime soon. This is also causing…Details
Now that back will look to clear rest of nzd and aud trades this evening for another 400 plus pips. Will continue to hold chf position and be ready for new trades this week.