Archive for May 13th, 2008

Position Update

May 13th, 2008 | Category: Position Update

USD/CAD was stopped out for +1 Pip about 5 minutes before the news.

But it was worth the try imho.

 

EUR/USD and USD/CHF worked out  good as the news came out.

Core Retail Sales are about 0.3% higher than expected and so are @ 0.5%.

Everything else came in as expected.

My Positions stay open with attached 55Pip Trailing Stops.

Will leave now for a few hrs and later on comment on Ben Bernankes speech if there is something of interest imho..see ya later fellows!

 

EDIT:  I closed my positions as i just got info about a meeting i have to attend. So i am not in proximity to watch from time to time..

 

But all in all this was quite  a profitable day ;)

cya soon

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Position Update

May 13th, 2008 | Category: Position Update

EUR/USD short  around +90 Pips.

 USD/CAD long  around +50 Pips and at my first target..i am watching price action closely and could close the position at this juncture.StopLoss moved to breakeven.

 USD/CHF long around +50Pips. SL moved to BE. but still some room before reaching my first target.

 

@ 13:20 GMT  B52 Ben ,our FED Chairman is due to deliver a speech titled “Federal Reserve Liquidity Measures” at the Federal Reserve Bank of Atlanta Financial Markets Conference, via satellite;

 

and @ 13:30 GMT we get the Core Retail Sales m/m (officially expected at 0.2%) and Retail Sales m/m (officially expected at -0.2%) numbers  for the US of A.   

 

I will watch those news closely and maybe close half of my positions before to secure the profit and let the rest run , as I am assuming the impact of those news bullish for the USD. All this of course may be subject to change ;)

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Position Update

May 13th, 2008 | Category: Position Update

All 3 Positions are in Profit so far..

EUR/USD is around +50 Pips..moved the StopLoss to Breakeven there.

4H Chart ->

EURUSD 4H

 

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