Boris and Kathy's FX Blog www.bktraderfx.com
11/03/2006
Today's Email Alerts
Alert # 2 Take Second Profit on AUD/USD
Even though the headline NFP number was weaker than expected, the upward revision to payrolls in September completely offset that. The dollar has rallied and has taken the AUD/USD a mere 3 or 4 pips from our T2 (.7687). Right now it is trading at .7690 and has been doing so for the past 15 minutes. There is no point being greedy about 3 pips and risk the remaining profit. so we are taking profit on our second lot here at .7692, which would bank us a total of 58 pips on this trade (15 on T1 and 43 on T2).
For those who took the Extension Fade on AUD/CAD, the move was even more monstrous. However, the spread was wider and the risk larger, which is why we picked the AUD/USD over AUD/CAD to short. Either way, you have just seen one of the strategies in our new e-book in action on 2 pairs profitably. For those who do not have it yet, you can get it here
Alert #1 Take Profit market (7720) on short AUD/USD Move to B/E
Lets take our T1 here at 7720 (+15) and move stop to b/e ahead of NFP
Alert # 2 Take Second Profit on AUD/USD
Even though the headline NFP number was weaker than expected, the upward revision to payrolls in September completely offset that. The dollar has rallied and has taken the AUD/USD a mere 3 or 4 pips from our T2 (.7687). Right now it is trading at .7690 and has been doing so for the past 15 minutes. There is no point being greedy about 3 pips and risk the remaining profit. so we are taking profit on our second lot here at .7692, which would bank us a total of 58 pips on this trade (15 on T1 and 43 on T2).
For those who took the Extension Fade on AUD/CAD, the move was even more monstrous. However, the spread was wider and the risk larger, which is why we picked the AUD/USD over AUD/CAD to short. Either way, you have just seen one of the strategies in our new e-book in action on 2 pairs profitably. For those who do not have it yet, you can get it here
Alert #1 Take Profit market (7720) on short AUD/USD Move to B/E
Lets take our T1 here at 7720 (+15) and move stop to b/e ahead of NFP
posted by BKTrader # 11/03/2006 06:05:00 PM 
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