Boris and Kathy's FX Blog www.bktraderfx.com
10/20/2006
HAVE A GOOD WEEKEND!!!!
Today's Email Alerts:
**It seems many people did not receive the NZD/USD email until after the market closed, just square the trade at the market open on Sunday 4pm EST.
Alert # 3: Close NZD/USD Before the Weekend
We are going to close out the NZD/USD short and get flat for the week-end at market (6685) taking a small -10 point loss here. We like this trade but really want to wait until next weeks CPI data to get a better handle on the entry. Meanwhile, everyone enjoy the week-end and we'll see next week.
Alert #2: Kiweeee
Four days of strength is starting to weigh on the Kiwi. This looks like a possible double top. It was also a former resistance zone from Feb. The dollar is firming, there is no Kiwi data until mid next week. We are shorting here at .6673 with today's high as the stop.
25-30 pips seems very doable. First target is 0.6648. Second target is 0.6612 It's a low risk trade that is certainly worth a try.
Alert #1: AUD/CAD T2 Here
Depending upon how wide your broker spreads you in AUD/CAD, some of you may still be in, especially those who did it via the "legs" > short AUD/USD and short USD/CAD. It's time to get out. USD/CAD had a massive move and is finding support near the 100 day SMA.
AUD/CAD is trading at 0.8517, which another 58 pips for you in the bank.
Today's Email Alerts:
**It seems many people did not receive the NZD/USD email until after the market closed, just square the trade at the market open on Sunday 4pm EST.
Alert # 3: Close NZD/USD Before the Weekend
We are going to close out the NZD/USD short and get flat for the week-end at market (6685) taking a small -10 point loss here. We like this trade but really want to wait until next weeks CPI data to get a better handle on the entry. Meanwhile, everyone enjoy the week-end and we'll see next week.
Alert #2: Kiweeee
Four days of strength is starting to weigh on the Kiwi. This looks like a possible double top. It was also a former resistance zone from Feb. The dollar is firming, there is no Kiwi data until mid next week. We are shorting here at .6673 with today's high as the stop.
25-30 pips seems very doable. First target is 0.6648. Second target is 0.6612 It's a low risk trade that is certainly worth a try.
Alert #1: AUD/CAD T2 Here
Depending upon how wide your broker spreads you in AUD/CAD, some of you may still be in, especially those who did it via the "legs" > short AUD/USD and short USD/CAD. It's time to get out. USD/CAD had a massive move and is finding support near the 100 day SMA.
AUD/CAD is trading at 0.8517, which another 58 pips for you in the bank.
posted by BKTrader # 10/20/2006 06:13:00 PM 
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