I will continue to hold trades thru next week. Yesterday caused a squeeze off of Bernanke’s statement. He was scheduled for 1 pm eastern, and it got leaked about 45-50 mns early. No way to prepare or know about that, but it will happen from time to time. Knowing what to do when it happens…Details
Tomorrow will be a busy day, and as many of you know one of my favorite news releases comes out tomorrow. The Canadian Labor Change report is one that consistently has moves of 50-75 pips or more when it meets our triggers, and it met our safe trigger eight times last year. In addition, we…Details
Bernanke statement released early, some orders removed allowing for stop squeeze higher. Everything is still ok will have to reassess when market done with the noise.
Be cautious ahead of bernanke at 1 pm eastern. Could squeeze it 30-40 pips. Good sell levels either way.
Aud sell 8887-90.
Depending on size of first trade, you can add to nzd around 7808 for a 7798 avg.
Nzd sell close to 7788, If entered chf it will be fine since suggested caution with size becuase it looked like good day to squeeze stops. Will update on potential add to chf, right now next levels 11020-35
Orders down to 11080 so still offering good risk reward, just be cautious with size.
The 111-11110 area has provided several entries this week for profit after mondays trade on it. If you are still using it we are there again for a buy, but use caution on size of trade as level as been tried several times.
Was unable to post exit of nzd trade yesterday. Gave a pretty quick 40 pip potential profit. Hopefully you took some off, if not worse case should have been breakeven. Nzd retried 3 times which is usually enough to clear orders. Will wait till after ECB for next look at a trade.
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 will be Row 1 of the RSS and is expected to be -$2.5 Billion. We have placed a safe trigger of…Details
Was able to get 7740 on retry of levels. will move to breakeven soon and watch price action for exit. Will update exits and targets as price develops.