Friday 5/26/2006 9:00 ET
We recommended tightening up the target on USD/CAD, and it was a good thing because it came up and hit our revised target before turning around.
We quote ourselves above: Revise Target for TS#79 - Buy USD/CAD at market price - 1.1065 - 1.1075 or lower
Thursday 5/25/2006 23:00 ET
Amend target to 1.1100.
Upon further analysis, we recommend exiting this trade at the abbreviated target of 1.1100 instead of 1.1250. The likelihood of the original target being met is not great.
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The short AUD/USD (TS#80) is progressing well, and for those not in it, a re-entry opportunity is happening about now. The price fell earlier to .7574 for a profit of about 25 pips, then rose again to the entry price.
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The short EUR/JPY (TS#73) trade is progressing well, and for those not already in it, a re-entry opportunity is occuring about now as well on this trade. The price fell to 142.78 for a profit of about 113 pips before rising to around 143.50, where it is now. But it should head southwards from here towards its much lower target of 140.65 as EUR/USD declines precipitously while USD/JPY maintains a fairly constant value.
We recommended tightening up the target on USD/CAD, and it was a good thing because it came up and hit our revised target before turning around.
We quote ourselves above: Revise Target for TS#79 - Buy USD/CAD at market price - 1.1065 - 1.1075 or lower
Thursday 5/25/2006 23:00 ET
Amend target to 1.1100.
Upon further analysis, we recommend exiting this trade at the abbreviated target of 1.1100 instead of 1.1250. The likelihood of the original target being met is not great.
_____________________________
The short AUD/USD (TS#80) is progressing well, and for those not in it, a re-entry opportunity is happening about now. The price fell earlier to .7574 for a profit of about 25 pips, then rose again to the entry price.
_____________________________
The short EUR/JPY (TS#73) trade is progressing well, and for those not already in it, a re-entry opportunity is occuring about now as well on this trade. The price fell to 142.78 for a profit of about 113 pips before rising to around 143.50, where it is now. But it should head southwards from here towards its much lower target of 140.65 as EUR/USD declines precipitously while USD/JPY maintains a fairly constant value.