Boris and Kathy's FX Blog www.bktraderfx.com
10/13/2006
HAVE A GOOD WEEKEND!!
Today's Email Alerts:
Alert # 3 Stopped at Breakeven on rest of USD/JPY
We were stopped at breakeven (119.40) on a retrace in USD/JPY. We are going to stand aside until event risk for US Retail Sales passes. Specs may try to take out the 120.00 option barriers so we prefer to watch for now, but may come back into the trade when time warrants. Overall we were able to bank 23 points and those that managed to get T1 limit hit took out 28 points.
Alert # 2 Update on Taking Profit T1 in USD/JPY
For those who set T1 target at 119.12 its just been hit so you are ahead of us by 5 points (119.17) congrats! In either case everyone go to breakeven and let try to squeeze the rest of the position to 118.25 off this yen bullish news. (BOJ may raise before year end)
Alert # 1 Taking Profit T1 in USD/JPY
Fukui on the wires saying he may raise rates this year and yen is rallying. We are are going to lock in T1 at market 119.17 currently (+23) and go to breakeven stop Still targeting 118.25 for rest of position.
Today's Email Alerts:
Alert # 3 Stopped at Breakeven on rest of USD/JPY
We were stopped at breakeven (119.40) on a retrace in USD/JPY. We are going to stand aside until event risk for US Retail Sales passes. Specs may try to take out the 120.00 option barriers so we prefer to watch for now, but may come back into the trade when time warrants. Overall we were able to bank 23 points and those that managed to get T1 limit hit took out 28 points.
Alert # 2 Update on Taking Profit T1 in USD/JPY
For those who set T1 target at 119.12 its just been hit so you are ahead of us by 5 points (119.17) congrats! In either case everyone go to breakeven and let try to squeeze the rest of the position to 118.25 off this yen bullish news. (BOJ may raise before year end)
Alert # 1 Taking Profit T1 in USD/JPY
Fukui on the wires saying he may raise rates this year and yen is rallying. We are are going to lock in T1 at market 119.17 currently (+23) and go to breakeven stop Still targeting 118.25 for rest of position.
posted by BKTrader # 10/13/2006 06:16:00 PM 
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