Welcome to 2008. Markets still thin condition till next week. So remain cautious, risk aversion theme and thin markets really unloading jpy pairs which is affecting chf as well. If want to trade, for now sell Eur close to 14765-75 and buy chf close to 11115-25.
I wanted 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 US Durable Goods report last Thursday. For the Durable Goods report, the plan was to go long on the GBP/USD if the release…Details
For traders that took adds or new trades in sell 14725-50 zone in eur or buy 11230-50 zone chf, it has paid really quickly. For traders that are averaged in with last week aggressive entries, today took position into the money. Since year end, exit is up to you, you can hold and wait till wed…Details
This post should not be for most of you as most of you do not fit in this category hence the reason your reading from this blog. Aggressive Traders should be more experienced and have defined their own risk management. If however there are some that entered the aggressive trade entries on eur and chf …Details
Market still taking advantage of thin liquidity conditions and running with yesterdays assasination news. Should have picked up 20-30 pips each on eur and chf trades or worse case breakeven stop. The nzd 7730-40 gave 30 pips and is currently back in sell zone but not taking it again as gonna wait till new year for…Details
Suggest moving to atleast breakeven stop on eur trade from 14625-30 and chf from 11370-85. If 146-14595 is not broken on downside test, suggest closing trade for 20-30 pips and chf for 30 pips.
Markets still thin producing squeezes so still suggest caution. Sell eur in front of 14625-30 and buy usd/chf in front of 11370-85.
For aggressive traders only because of market conditions. Selling eur in 14570’s and buying usd/chf in 11420’s. Update later targets.
Markets reacting to news of Pakistans Benazir Bhutto getting killed in a suicide bombing this morning eastern time. Some suggesting Al quada involved. Once market settles this could provide good levels to add to usd long positions. The closer short to 146 on eur the better, The usd/chf has initial support at 11425-30.
Wishing you a happy new prosperous year in your pursuit of trading. Personally the trade trigger will probably not be used till the 2nd or 3rd of Jan. Unless something just cant be passed up its not worth the risk in this market environment. Once the new year gets kicked back in with full liquidity…Details
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 UK Retail Sales report, as well as the Canadian Retail Sales and GDP reports last Friday. For the UK Retail Sales report,…Details
Happy holidays to one and all! This week is of course Christmas, volume continues to fall making movements more erratic than usual in many cases. We suggest most traders take the next week or two off and enjoy the holiday. If you do trade continue to keep position sizes low. Do not read too much…Details