You cannot learn better without losing
- #274,041
- Jul 22, 2010 5:52am Jul 22, 2010 5:52am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
- #274,042
- Jul 22, 2010 5:52am Jul 22, 2010 5:52am
Why was I worried. They just wanted a pullback to enter in the market. I'm gonna order a t-shirt saying "I love SNB" :-)
- #274,044
- Jul 22, 2010 6:01am Jul 22, 2010 6:01am
well i love them since they make good chocolate, and i like toblerone, and ill probably buy a Swiss watch after i take my profits
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- #274,045
- Edited 6:12am Jul 22, 2010 6:05am | Edited 6:12am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
News Traders
4 those who r afraid of the news... stay out.
4 those who wanna pippin in some $$$$
The Canadian Retail Sales report is released at 8:30 am EDT (12:30 pm GMT). The focus will be on the Retail Sales less Autos number and the currency pair you should trade is the EURCAD as it typically moves better than the USDCAD.
A higher than expected number will be good for the CAD and signal a sell on the EURCAD, and a lower than expected number will be bad for the CAD and signal a buy on the EURCAD.
For this release, we will raise our safe trigger so we will be looking for a deviation of at least 0.7% to enter a trade. We will most likely prefer a sell trigger on this report as the EURCAD is currently in a down trend. We can anticipate a 25-40 pip spike either way, but it may just be a temporary move if we get a buy trigger. We will use caution on this trade as it hasn’t moved as much recently, and that is why we will raise our safe trigger to 0.7%.
Good luck
4 those who r afraid of the news... stay out.
4 those who wanna pippin in some $$$$
The Canadian Retail Sales report is released at 8:30 am EDT (12:30 pm GMT). The focus will be on the Retail Sales less Autos number and the currency pair you should trade is the EURCAD as it typically moves better than the USDCAD.
A higher than expected number will be good for the CAD and signal a sell on the EURCAD, and a lower than expected number will be bad for the CAD and signal a buy on the EURCAD.
For this release, we will raise our safe trigger so we will be looking for a deviation of at least 0.7% to enter a trade. We will most likely prefer a sell trigger on this report as the EURCAD is currently in a down trend. We can anticipate a 25-40 pip spike either way, but it may just be a temporary move if we get a buy trigger. We will use caution on this trade as it hasn’t moved as much recently, and that is why we will raise our safe trigger to 0.7%.
Good luck
- #274,057
- Jul 22, 2010 6:47am Jul 22, 2010 6:47am
Excellent!
By the way...can I have half?
Today started out bad but I am starting to make up some lossed ground. Just concentrating on this Pair for the rest of the day.
Missed GBPUSD trade which went 90 pips from entry point.
All trades use 25 pip sl on range bars.
Looking at USDCHF buy if it gets to 1.442
