Hello Traders, Following the major moves against the dollar a couple of days back I had said that there may be a likely consolidation before further leg down for dollar. Well, one such consolidation is currently forming on USD-JPY and I am looking to trade if there is break in the direction of the earlier move i.e. […]
Month: July 2013
Hello Traders! Our outlook posted yesterday turned out to be spot on as the market made major moves against dollar yesterday – of course helped by observations in minutes of FOMC and comments from Ben Bernanke in the press conference following release of minutes. We did not post any long term trade setups due to FOMC, but got a […]
Hello Traders, I haven’t managed to post trade recommendations based on my end of day analysis so far this due to busy schedule last few evenings. Today the market seems to be bearish on dollar so I will continue to look for short term opportunities to sell US Dollar against Yen and Aussie; and buy […]
Hello Traders, From yesterday’s recommendations one order got triggered – Long GBP-USD @1.5030. The price action did allow us to move our stop loss to entry, but continued the fall triggered by comments from BoE yesterday. Market Direction Entry S/L Move to B/E @ Target 1 Target 2 Result EUR-USD Long 1.2850 1.2820 (30 pips) […]
Hello Traders, We did not have any fill last Friday and there were no recommendations on 1st and 2nd July. The call on EUR-USD to buy at 1.2940 given on Friday did work out eventually though and is currently trading 60+ pips at the time writing this. Another one to Buy GBP-USD at 1.5126 almost […]