Feb 29 - March 5, 2010

Go down

Feb 29 - March 5, 2010

Post  Levaz on Sun Feb 28, 2010 8:52 pm

USDCAD short at 1.0537 SL 1.0640 TP 1.0437
Use a 50 pip Trialing Stop to avoid any sudden moves which are not very uncommon with this pair.
avatar
Levaz

Posts : 498
Join date : 2010-02-19
Age : 48
Location : Toronto

View user profile

Back to top Go down

Re: Feb 29 - March 5, 2010

Post  Levaz on Mon Mar 01, 2010 7:55 pm

EURUSD short at 1.3570 SL 1.3680 TP 1.3470
EURCAD short at 1.4231 SL 1.4400 TP 1.4131 - chances are slim that this order will be picked up
USDCHF long at 1.0795 SL 1.0700 TP 1.0895
AUDJPY long at 80.05 SL 79.28 TP 81.05

Please note that the EURUSD short is pretty much the same trade as the USDCHF long.
So you should pick one out of the two - there is no need to expose yourself twice.

EDIT - 8:10PM EST
you may want to move the AUDJPY long to buy at 80.10 depending on spreads, you may not get picked up at the low. The market came as low as 80.02/80.08 on our charts.
avatar
Levaz

Posts : 498
Join date : 2010-02-19
Age : 48
Location : Toronto

View user profile

Back to top Go down

Re: Feb 29 - March 5, 2010

Post  Levaz on Tue Mar 02, 2010 7:57 pm

NZDUSD short at 0.6970 SL 0.7023 TP 0.6870
AUDJPY long at 80.19 SL 79.77 TP 81.19

We will give the AUDJPY another shot - sometimes our numbers reflect probabilities up to 2 days in advance.
Also, this time our stop is much lower -about 50 pips.

EDIT Mar 02, 2010 at 1922 EST
You may want to get in at 80.25 on the AUDJPY trade, just in case it does not go down all the way to our expected low.
The bid price has touched our order, but we also need the ask price to cross in order to get into trade.
avatar
Levaz

Posts : 498
Join date : 2010-02-19
Age : 48
Location : Toronto

View user profile

Back to top Go down

Re: Feb 29 - March 5, 2010

Post  Levaz on Wed Mar 03, 2010 8:02 pm

EURGBP short at current price 0.9071 SL 9117 TP 0.8971
This is a counter trend trade, and we are anticipating strength in the GBP AND weakness in the Euro form the upcoming Greek bail-out. DO NOT use this trade if you are not comfortable. This just maybe our first loss for the month!!

USDCHF short at 1.0730 SL 1.0780 TP 1.0630
This is also another risky trade - so beware if you decide to take it. We anticipate a change or a correction at the very least. However, we are also sitting just above what could prove to be a bottom for a fresh move upwards - from around 1.0650
avatar
Levaz

Posts : 498
Join date : 2010-02-19
Age : 48
Location : Toronto

View user profile

Back to top Go down

Re: Feb 29 - March 5, 2010

Post  Levaz on Thu Mar 04, 2010 11:52 am

USDCHF - short at 1.0750 SL 1.0780 TP 1.0650

We have re-entered this trade, we are only risking a little more what we already made from this trade, as the SL is the same as the original trade.
Let us see how this pans out.
avatar
Levaz

Posts : 498
Join date : 2010-02-19
Age : 48
Location : Toronto

View user profile

Back to top Go down

Re: Feb 29 - March 5, 2010

Post  Levaz on Thu Mar 04, 2010 8:11 pm

Tomorrow is NFP - all trades carry additional risk of spikes. Please use only 1% risk as opposed to the normal 2% risk per trade. If you can, avoid trading tomorrow until AFTER the NFP news is out. Then take a look at the markets after 45 minutes or so - this will give you an idea of any major changes in market dynamics.

EURGBP short at 0.9046 SL 0.9100 TP 0.8946
avatar
Levaz

Posts : 498
Join date : 2010-02-19
Age : 48
Location : Toronto

View user profile

Back to top Go down

Re: Feb 29 - March 5, 2010

Post  Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum