Trade Updates

January 14, 2013 1:20 pm (Manila)

All trades are out.  Last AUD/USD and USD/CAD lots are out.  See details on respective posts.

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January 11, 2013  3:12 am (Manila)

Trades are still inching up.

C'mon USD/CAD, you've been up there for a week and now just 5 pips away from Limit 1.  You can do it! Hehehe...

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Current status of trades:

All are currently in the green.

AUD/USD - first half is out.  Second half stops are in breakeven.
NZD/USD - first half is out.  Second half stops are in breakeven.
USD/CAD - up +13 pips as of this posting.  Turns out this range has more staying power that the other LT trades - and this is supposed to be a short-tern trade!

January is so far positive - winning!

January Trade #4 - SELL USD/CAD

January 14, 2013 1:20 pm (Manila)

Second half is out at +33 pips.  Took it out as the pair is on the oversold level already and might be due for a correction.

Trade Summary:

1st Half:  +30 pips
2nd Half: +33 pips

Total:  +63 pips


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January 11, 2013  4:00 am (Manila)

Finally, a trade that's intended to be a short-term trade hit its Limit 1 at +30 pips.

Second half stops are moved to breakeven making the trade risk-free.


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January 8, 2013  6:24 pm (Manila)

Ivey PMI came out beating expectations giving the CAD a bullish push but still failed to get the pair to break the range.

Trade is currently at +19 pips/lot.  I am keeping this trade - hopefully at least day more before the chaos of tomorrow.

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January 7,2013 2:30pm (Manila)

SELL USD/CAD @ 0.9873
Stop - 0.9920
Limit 1 - 0.9843
Limit 2 - 0.9813

Later tonight, the Ivey PMI survey will come out with numbers good for the CAD.

On the Hourly chart, a pair of shooting stars formed.  Technical indicators also indicate room for a downward trend in the short term.

January 7-11 Forecast

The biggest news from last week was the breakthrough in the Fiscal Cliff battle in Washington.  However, the saga's end failed to feed risk appetite in the FX market and the dollar rallied by week's end.

Two important rate announcements this week for the EUR and GBP are likely to shatter the ranges in which key pairs have been trading.

My long-term trades stay - I am convinced that they would soon break out bullish.

Monday

SELL USD/CAD once setup appears.

At 11pm, Manila, Ivey PMI survey comes out which is expected to come out positive for the CAD.

Tuesday

BUY AUD/USD once setup appears.

At 8:30am, Manila, the next day, Australian Retail Sales data are due to come out which is forecasted to be positive for the AUD.

Wednesday

No trade for this day.

Thursday

No trading for me on this day.  The ECB and Bank of England are set to make interest rate announcements which could make the market really volatile.  Hopefully, the rate announcements allow the pairs to break the range and set the direction for the short-term.

More volatility could come before, during and right after the conferences that accompany the announcements.  Gotta keep a sharp eye and ear on those.

Friday

No trading this day.  Back to the drawing boards for me.