Pro Swing Trading

Morning,

I hope you had great weekend, this week market started with bank holiday for US session, this make low volume market for next hours. I will update if i found any good setup.

Cheers
Nick

Bank of Tokyo-Mitsubishi UFJ Ltd. recommended selling the pound versus the yen because U.K. economic growth may slow, forcing policy makers to retain “loose” monetary policy as the government cuts spending.

If you looking for trading idea short on A/U will suggest.

first tp + 60 closed, second still open

sorry forgot chart

Fed-funds futures traders continue to shed market odds for tightening in 1Q next yr, thanks to pull back in stocks and weaker-than-expected reading of June ISM non-mfg index. Mar 11 contract prices in 58% chance for FOMC to raise funds rate to 0.5% at Mar. 15 meeting. That's down from 63% chance Fri, and 75% chance last Tues. Shorter-dated Feb 11 sees only 14% chance for 0.5% rate after Jan. 25-26 FOMC meeting, down from 18% chance Fri.

Thanks for sharing... but, did you entered the trade based on nick's call?

ok some people asked me the same question :

I had 2 possibilities this morning :

- enter at nick's call
- or waiting the daily resistance , and my vol level, but possibilty to miss the trade too..

i decided to wait.. and i still waiting for my second TP
Good night

Japanese consumers continue to be less pessimistic
about the economic outlook than three months ago, with sentiment
improving for the fifth straight quarter since hitting a record low in
March 2009, according to the results of the Bank of Japan’s quarterly
survey released on Wednesday.

hi chaps..

was the aud/usd call an official call? is it still running or were people stopped out when it went north?



cheers nick/guys

good luck

yes it was and as i asked most of members closed on BE or small loss.

cool thanks for the reply nick

following with interest

good luck guys

We had boring market since NFP, pairs are sideway.

Just got stopped out on the A/U short, but do you think 0.8660 - 0.8670 might be the turning point?

already signed as negative, all depend on AUD news.

Economists see slightly higher Japanese economic growth early next year but they revised down their forecasts for late 2011 to early 2012 while projecting the pace of a recovery in consumer prices will remain gradual, according to the latest monthly survey by the Cabinet Office’s Economic Planning Association released on Thursday.
The survey also showed that some forecasters still expect the Bank of Japan to ease credit this year while a majority continued to see a tightening next year.
The survey showed economists on average expect Japan’s core consumer price index to drop at a slightly slower pace than forecast last month, and post a slight gain (+0.05%) in the first quarter of calendar 2012, instead of a slight drop as predicted two months ago.
The average forecast by the economists for the core CPI (excluding fresh food) for fiscal 2011 ending March 31, 2012 was -0.05% y/y, revised up from their previous forecast of -0.08%.

Hi,

as trading idea G/U has long setup

We are around our first target

Hi Nick,
Nice entry again,but we have not chance to enter. After your call price was not at your level again. So call is not official,am I right?
I set enter few seconds after your sms call,but there was not chance to enter.
How is possible that you are in this trade? :-(
Your call are amazing and gorgeous but this time I dont understand...

Thank you for explanation bro.

Hi mate, sometimes you just have to evaluate the situation and jump in, even if it doesn't hit target entry