In my last post I said that if you did not get a chance to get in at .8550 you would likely get another chance. That level was retested today and since then we have see amove of over 50 pips so once again another example of patience paying off. I was not in front…Details
General market comments: Last weeks FOMC report came out within the expectations. As we forecasted, it turned out to be good for the Dollar. We have now seen significant moves in the Dollar against all of the majors. This Week we are expecting a small near term pullback in the Dollar which we will use…Details
Will look to take sell once Nzd reaches back to 7680 so aggressive traders could buy it for the ride back up. I would prefer it from 7530-50.
Markets are tight again making it difficult for trades that have best odds. But that might be a good thing since we approach holiday weeks. No reason to give back any money made this year going into year end just because you want to take a trade. Because of tightness will raise sell on jpy…Details
ForexMasterMaker Managed Account Weekly Report for 12.14.07 We had some good Bank Flow Trades this past week to add some profits to our accounts. We also are happy to see that IBFX has a new liquidity feed that they have put us on for trading which has improved the spreads at news times. The…Details
Its a new week so looking for new short term opportunities as core longs are performing well. It is approaching holiday weeks so thin markets sometimes are not as reliable as order volume is reduced. So will remain cautious till mid-Jan when volume will increase. For now chf sell orders 11585-90 and usd/jpy sell orders 11365-70…Details
I have added to this position several times as it has fallen and now have a net open of around 0.8646. I intend on closing all the positions down around the 65-70 level for net profits. If the AUD looks like it is going to break the level I may let it run and hold…Details
Took a long on AUD/USD around .8670 area based on flow level but turned out to be a squeeze play. Currently aud is at .8620 area and I have taken another small position as it fell and will continue to monitor. Keep a look our for updates. This position I currently have less than 1:1 leverage…Details
If didnt clear Nzd yesterday on trip below 78 can clear trade now for 100 pips. As a rule like to close intraday short term trades before week is over. Position trades are different and as nzd was not entered as position clearing the trade and moving on.
UP TO 25 PIPS OF PROFIT ON RETAIL SALES REPORT The last trade call I sent out covered the US Retail Sales report this morning. We were looking to enter a short on the GBP/USD if the release came out higher than expected by 0.5% or more from the expected number of 0.6%. The actual…Details