Tuesday, March 25, 2008

Trade Alert (Mar 25)

Look to sell the gbp/usd around 2.01-2.0150

Look to sell the eur/usd around 1.5650-1.57

Pick the setup you like the best and focus on it. We may get a few chances at this trade. Be patient and manage the trade. Great job to those that are you're still holding cable longs from 1.98-1.9750. Consider taking some profit.


Wednesday, March 19, 2008

GBP/USD Trade Alert (Mar 19)

Today we had a buy setup on the GBP/USD around 1.9950-1.99. Our first target was hit as price made a low of 1.9949 and then promptly reversed making a high of 2.023 for a 70 pip move. As price came down to 1.99 it fell through support and has since made a low of 1.98.

Look to buy the gbp/usd around 1.9800-1.9750. Manage the trade as we could get several chances at it.


gbp/usd trade alert (Mar 19)

Look to buy the gbp/usd around 1.9950-1.99. Remember to manage the trade.


Thursday, March 13, 2008

EUR/USD Update (Mar 13)

Shortly after sending the sell setup on the euro, it moved down about 40 pips from the initial sell zone at 1.56. The euro has moved back up and is currently at 1.5607. It’s important that you manage the trade and not let winning trades turn into a loser. If it comes back up like it did now, all that means is that we’ll get another chance at the trade. Stand aside for now and wait for the London and/or NY sessions to look for another setup.


Eur/usd update and setup (Mar 13)

The euro gave a few bounces yesterday for 30-40 pips as the 1.55 area was being tested. After that it pushed into new high territory making a high of 1.5622 during the London session. Whether or not you were able to pull off a few small winning trades or had a trade that didn’t work out as expected, the important thing is to stay nimble and be patient for the next setup. There is a correction coming around the corner.

Look to sell the eur/usd around 1.56-1.5650.


Wednesday, March 12, 2008

EUR/USD Trade Alert (Mar 12)

Look to sell the eur/usd around 1.5475 – 1.5525. Remember to manage the trade.


Friday, March 7, 2008

Trade Alert Update (Mar 7)

We didn't get the reaction yet that I was looking for on the sell setup on the cable and euro yesterday. There were only a few slight retracements before the cable and euro pressed higher. This is why it's important to manage your trades. Especially, coming into a major news announcement. This trade could just as easily worked out which is why it's important to realize that not all trades will be winning trades. We must keep taking the trades as the setups appear and manage it after the trade is on. When there is a loss, know that there is another trade right around the corner. Be patient and wait for the setup.

The cable and euro quickly came back down after spiking up to take out stops. Keep looking for a place to get short.


Thursday, March 6, 2008

Trade Alert (Mar 6)

Look to sell the gbp/usd around 2.0050-2.01

If you are trading the eur/usd, look to sell around 1.5350-1.54. Remember to manage the trade.


Tuesday, March 4, 2008

Trade Alert USD/CAD (MAR 4)

Look to sell the usd/cad around .9950-1.0. Remember to manage the trade.



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