January Trade #3 - SELL USD/CAD

January 4, 2013  4:10 pm (Manila)

Trade was stopped out at -46 pips/lot for a total of -92 pips.

Dollar is rallying ahead of NFP.  We'll get 'em next time.

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January 3, 2013  12:30 pm (Manila)

SELL USD/CAD @ 0.9863
Stop - 0.9909
Limit 1 - 0.9833
Limit 2 - 0.9803

Tomorrow, US Crude Oil inventories are due to come out which is expected to be more negative than last month.  Translation: good for the Loonie as Canada is the largest exporter of crude oil to the continental United States.

On the charts, the downward trend has resumed - ending more than a week of correction and USD strength partly due the impasse in the US.  On the daily chart, the pair has blasted back into the SELL zone of the B-Band.

2013 Long-Term Trade #2 - BUY NZD/USD

January 11, 2013  9:44 am (Manila)

Second half of the trade is out bringing in +84 pips.

Trade Summary:

1st Half:   +30 pips
2nd Half:  +84 pips

Total:        +114 pips

The 0.8432 region seems to be a strong resistance line going LONG.  Will be keeping an eye on this pair for a breakout.

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January 10, 2013  12:05 am (Manila)

First half is out at +30 pips.

Second half stops are moved to breakeven.

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January 3, 2013  2:10 am (Manila)

BUY NZD/USD @ 0.8375
Stop - 0.8176
Limit 1 - 0.8378
Limit 2 - 0.0.8459

Like the Aussie, a number of things going for this pair - fiscal cliff crisis is over, interest rates remain strong, gold and metal prices soaring and risk appetite.  Technically, the pair has just breached the Buy zone in the B-Bands and has room to move.

2013 Long-Term Trade #1 - BUY AUD/USD

January 14, 2013  1:20 pm (Manila)

Second half is out at +48 pips.  Took it out as the pair is on the oversold level already and might be due for a correction.

Trade Summary:

1st Half:  +60 pips

2nd Half:  +48 pips

Total:  +108 pips

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January 10, 2013  5:29 pm (Manila)

Limit 1 has just been hit at +60 pips.  Second half stop is moved to breakeven.


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January 3, 2013 2:00 am (Manila)

BUY AUD/USD @ 1.0507
Stop - 1.0364
Limit 1 - 1.0567
Limit 2 - 1.0838

I believe a few things are going for this pair to go up - risk appetite is back after going over the fiscal cliff hump this week, gold prices remain strong and the pair has just breached the Buy region.

January Trade #2 - BUY NZD/USD (Live Trade)

January 2, 2013  10:45 am (Manila)

Taking out the second half with +83 pips.  The Hourly Chart show this pair has blasted through the overbought level and may be due for a correction.

Trade Summary:

Limit 1:  +60 pips
Limit 2:  +83 pips

Total:  +143 pips

Who's your Daddy!!!
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January 2, 2013  8:32 am (Manila)

Limit 1 is hit giving the first half of the trade +60 pips.  Second half stops moved to break-even.

Yey!  That's two trades in a row already guaranteed!

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January 2, 2013 6:25 am (Manila)

BUY NZD/USD @ 0.8287
Stop - 0.8223
Limit 1- 0.8317
Limit 2 - 0.8387

Like the earlier AUD/USD trade, Trading this on technicals as indicators show a bounce from last year.  Also, it's the first day of the year trading - risk appetite could boost this pair along with the news of details coming out about the fiscal cliff deal  in the US.

January Trade #1 - BUY AUD/USD (Live Trade)

January 2, 2013 10:40 am (Manila)

Taking out Limit 2 with +84 pips gain.  Looking at the hourly chart, this pair has breached the upper Bollinger Band and is due for a correction.  Will re-enter once a favorable setup appears.

Trade Summary:

Limit 1: +60 pips
Limit 2: +84 pips

Total:  +144 pips

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January 2, 2013  8:31 am (Manila)

Limit 1 is hit gaining the first half of the trade +60 pips.  Stops for second half are moved to break-even.

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January 2, 2013  6:20 am (Manila)

BUY AUD/USD @ 1.0402
Stop - 1.0339
Limit 1 - 1.0432
Limit 2 - 1.0502

Trading this on technicals as indicators show a bounce from last year.  Also, it's the first day of the year trading - risk appetite could boost this pair along with the news of details coming out about the fiscal cliff deal  in the US.

Week 1 Forecast - Dec 31- Jan 4

All eyes are on the US. 

Early reports talk of a fiscal cliff deal between the powers-that-be in Washington DC.  While a deal has been expected, the delay has caused this issue to dominate traders’ sentiment during the last couple of weeks of 2012.

A deal is a deal, regardless of what it contains – the US economy will continue to move and the US government will continue to function.

Sooo, here’s what I am looking at this week.

BUY AUD/USD – will continue the uptick that started last week. No major economic number coming out this week for the AUD but US Non-Farm Payrolls are due on Thursday so I am looking to make a trade on Wednesday and take it out before the NFP numbers come out.  On the technical side, RSI, MACD and Slow Stochs all show the pair primed for a spring-up.  The pair has also bounced off the lower band limit of the Bollinger Bands.

BUY NZD/USD – a bounce started in the last trading day of last year.  No ground-shattering NZD numbers coming out this week but US NFP is coming out on Thursday.  Will be looking to trade this once market opens on Wednesday and take it out before NFP’s trademark chaos.  Technically, the pair is not oversold but this pair has not breached the oversold level since May of last year.  Slow Stochs, Bollinger Bands and MACD all show a bounce and support at the 0.8159 level.

Staying out of any pair that’s got Euro and Cable.

Hello 2013, Hello Forex!

It's 2013 and we're still here!  I guess the Mayans had a different idea when they left their calendar - like "Let's create this great calendar that ends abruptly and see how the hell people react a thousand years from now...".

Enough said, I have not taken care of this blog for the past two years - last post was wayyyyyy 2010.  Time for redemption.  This blog goes back online January 1st, 2013 and will be until the world ends... or maybe...

I have no excuse except that I am just plain lazy to trade and to post.  It's New Year and time to get back on my feet.  Trading... I'm back!