Look to buy the eur/jpy around 158-157.50. Remember to manage the trade.
Friday, February 29, 2008
EUR/JPY Trade Alert (Feb 29)
Wednesday, February 27, 2008
AUD/USD Trade Alert
If you are still waiting for trade setup, have a look at the aud/usd. Look for a place to sell around .9450-.95.
Happy Trading!
Trade Alert Update
The cable has dropped over 100 pips, depending on entry. Remember to manage your trade by locking in profit, taking full or partial profit. I will be looking for a re-entry around the next trading sessions.
The euro is taking a little longer to follow through. The setup is still valid. If things change, I’ll send an update.
Happy Trading!
Trade Setup
Look to sell the cable around 1.99-1.9950
Happy trading!
GBP/USD Update
I’m looking for another entry on the cable. The first time it went to 1.9893 there wasn’t much of a reaction as it only made a low of 1.9842 before moving higher. I’m waiting to see how far it’s going to go as the next round of news comes out.
Tuesday, February 26, 2008
Thursday, February 21, 2008
GBP/USD Trade Update
The cable has moved up nicely from our buy zone yesterday morning of 1.94-1.9350. Price has just reached a high of 1.9683. That's a 250-300 pip move (depending on entry) in just over a day. Now is a good time to start taking profit.
New Trade Alert
Look to short around 1.9700-1.9750.
Happy Trading!
Wednesday, February 20, 2008
Friday, February 15, 2008
Wednesday, February 13, 2008
Tuesday, February 12, 2008
Thursday, February 7, 2008
Trade Setup Update
The euro initially rallied back to 1.4550 before printing a new low of 1.4438 and the 1.45 handle has acted a resistance. Keep looking for a place to get long as price moves back down into support. Keep an eye at 1.4450-1.44 to establish new longs. We’ll most likely get a few chances at the trade so be nimble and ready to take action when the opportunity presents itself.
So far 1.94 is still holding on the cable. Watch how price reacts at this level going into the
Trade Alert
After several rallies of the 1.46 support area the euro has now moved lower to 1.4549. Look to get long again around 1.4550-1.45.
The cable is also forming a nice buy setup. Look to get long around 1.9430-1.94.
The cable is also forming a nice buy setup. Look to get long around 1.9430-1.94.
Tuesday, February 5, 2008
Friday, February 1, 2008
Trade Update
The euro and cable have been bouncing off the sell zones nicely all week and have provided many opportunities at the same trade. If you weren’t actively trading around these areas you missed out on the drop on the cable this morning before NFP. Currently the euro looks like it’s the best candidate to short while still within the trading zone of 1.49-1.4950. Keep looking to position yourself around this area. Remember, it’s Friday so trade accordingly. Happy pippin!
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