Monday, September 29, 2008

Trade Alert (Sept 29)

CT Trade: Look to buy the gbp/usd around 1.8050-1.8.

CT Trade: Look to buy the eur/jpy around 152 -151.50. Remember to manage the trade and keep the risk low.

Monday, September 22, 2008

Trade Alert Update (Sept 22)

The euro initially came down about 30 pips on the first try at the 1.47 handle. It has since pushed higher to 1.4865 into the NY close. Keep looking for an entry candle to get short. (IE. 4hr entry candle.) Please let me know if you have questions about the Rules of Engagement.

Trade Alert (Sept 22)

Trend Trade: Look to sell the eur/usd around 1.47-1.4750. Remember to manage the trade and keep the risk low.

Wednesday, September 17, 2008

Patience, patience, patience and more patience...

Note the extreme volatility in the market today. A lot of the pairs that shot up are coming right back down. We have to have patience and let the market settle down so it can form the right setups we are waiting for. Just because the market moves doesn't mean there is a setup or that we should be trading it. Understanding what is going on behind is key to being able to read a chart correctly. Be extra patient during these times and let the trade come to you. We only need one good trade.

Thursday, September 11, 2008

Trade Alert (Sept 11)

CT Trade: Look to buy the eur/jpy around 148.50-1.48. Remember to manage the trade and keep the risk low. Follow the Rules of Engagement.

Wednesday, September 10, 2008

Trade Alert (Sept 10)

Look to buy the eur/usd around 1.4-1.3950. Remember to manage the trade and keep your risk low.

Tuesday, September 2, 2008

Stand Aside

The eur/aud isn't reacting as expected. Stand aside and let things settle down.

Trade Alert (Sept 2)

CT Trade: Look to short the eur/aud around 1.7350-1.74. Remember to manage the trade and keep your risk low.