April 18 - April 23

We are at 50% on our account for the past two months, which is much better than expected. Please see the link to our live signals account for detailed statistics.

The Dollar index is poised to move higher, commodities look like they are easing. Not to mention that the civil lawsuit against Goldman Sachs has probably freaked out every Investment house that was involved with the GFC.

Also, the EMF has strong words for the market, basically, do not mess with us. My understanding of that statement, our backs are against the wall, PLEASE have mercy on Greece - ha ha. They are doing what the US did to solve their problem - print more money. Like the market gives a damn how you mess it up, all the market senses is the smell of blood.

EURUSD short at 1.3523 SL 1.3575 TP 1.3300

You just may want to consider getting in at 1.3490, if it looks like the 1.3500 proves to be bigger than expected barrier. I feel that it will go as high as 1.3536 at least, so my order will be at 1.3523 for now.

Levaz

Here are some more trades for you, however, consider this - they are all pretty much duplicates of the EURUSD trade, just reflected in another currency pair.

USDJPY short 92.71 SL 94.00 TP 91.61
AUDUSD short 0.9292 SL 0.9350 TP .9185
USDCAD long 1.0058 SL .9950 TP 1.0175

The yen trade is very close to execution as I post.
The AUDUSD is hovering close by, and may pick us up tonight.
The USDCAD may take a day or so to hit the entry point.

The yen is once again filling up as safe ground.
The AUD and CAD are both hurt by lower commodity prices.
All three pairs are effected by the Goldman Sachs law suit and its possible implications to many other former Investment Power Houses.
Also, the Dollar Index is on the rise, which invariably means more pressure on commodity prices, commodity currencies and risk currencies (EUR).

Levaz

Since we have so many open trades which are still in motion, we need to tend to those trades.

You can do the following:
EURUSD - move the SL to 1.3500, our expected range is 1.3484 - 1.3388

USDJPY - you may want to close this one ASAP, the uptrend may be continuing here.
AUDUSD - same as USDJPY
USDCAD - same as the USDJPY

The last three trades were counter-trend trades, and we had reason to believe that there would be a reversal, but after today's data, it appears that the trends are continuing.
This could of course just be a fight back against a reversal, which happens quite often.
We are sticking with the original SL settings, which are just above or below recent high/lows.

We will see whether these pivots hold for us.

Levaz

Levaz wrote:Here are some more trades for you, however, consider this - they are all pretty much duplicates of the EURUSD trade, just reflected in another currency pair.

USDJPY short 92.71 SL 94.00 TP 91.61
AUDUSD short 0.9292 SL 0.9350 TP .9185
USDCAD long 1.0058 SL .9950 TP 1.0175

The yen trade is very close to execution as I post.
The AUDUSD is hovering close by, and may pick us up tonight.
The USDCAD may take a day or so to hit the entry point.

The yen is once again filling up as safe ground.
The AUD and CAD are both hurt by lower commodity prices.
All three pairs are effected by the Goldman Sachs law suit and its possible implications to many other former Investment Power Houses.
Also, the Dollar Index is on the rise, which invariably means more pressure on commodity prices, commodity currencies and risk currencies (EUR).

Levaz

We are getting conflicting results from the data, so we will stay out of the market today.

We do have more downside for the Euro, although it is way into its move to take a safe position.

Ŧhe expected daily range for the EURUSD is 1.3431 - 1.3351.

So if any of you dare to short the Euro at this low area, get in and out quick. 20 - 50 pips, no more.

Levaz

The market data is still returning choppy results - we are staying out for now.

Once again, there is more downside for the EURUSD, but a lot of traders are trying to pick the bottom right about now. Also, note that the "risk-on" pair EURJPY did not do as badly as the EURUSD for today. Therefore, we are not too keen to short the ERUSUD now as it may be a little late for a safe trade.

Levaz