The FX Winner

GBP/USD:

SELL@  1.6470

STOP@  1.6545

TARGET@  1.6320

NEW TRADE:   PENDING ORDER

EUR/CHF

BuyLimit@ 1.2340

Stop@  1.2245

Target@  1.2728

Our Wave Rider FX Trade Rules based system told us to adjust our target on our trade.

So, we did... and were able to take another winner out of the market making a 2% gain on this trade!

This is the beauty of having developed "RULES BASED" trading systems / models.  The advantage is, the systems tells us exactly what to do, and when to do it.

This is why Wave Rider has 6 out of 7 winners thus far in March! If you have not become a subscriber to Wave Rider FX... what are you waiting for?  You could be enjoying results like this as well.

However, if you don't subscribe, all you can do is watch and hear about great results, without realized profits... and be frustrated while Wave Rider FX keeps racking up the winners.

So subscribe now, and get your share of profits... you'll be glad you did!

Another Wave Rider Winning Trade today!

Just Closed the GBP/CHF Trade for just under 1% gain.

That was fast guys... took all of 33 minutes!

That is approx 2% on closed trades today alone... and the day is not over yet!

Again, if you have been considering coming on board with The FX Winner,

you have to get in the game to reap the reward.

Get off the sidelines and come join us... do it now.  You'll be glad you did.

Hello fellow traders!

We elected to close the current AUD/CAD trade this morning at a little over 1 percent gain, even though a major news event for the CAD came out in our favor.   Technical analysis is a science, but trading is an art.

That said, we felt like the possibility to have a sling slot condition where the "news" candle would retrace was highly probable... as it is in most news moves, and we could lose the nice gain we were in.

So, we took the money and ran!

If the trade does retrace back to, or close to our original entry, we may decide to jump back in.  Keep and eye out for this trade to come alive again!

We will be looking for more set ups and good trading opportunities.

Happy Trading!

Kevin

Hello Traders, This is what JP and the big money traders think! Following the big money is not a bad idea if you know how. Here is what the scuttlebutt is for this week.

With the market anticipating the busy US event schedule along with any further developments from Europe, the Asian session on Monday seemed to be at a loss of direction especially despite the various EU political events and reports by ECB officials over the weekend. Australian 4Q PPI came in on the softer side with import prices being the main drag. AUD fell roughly 25pips following the release but has regained some of its losses. As such, G10 currencies have traded in a narrow range today – NZD is the top performer among G10s closely followed by USD.

The two main points for the week include whether the 2-week-long out-performance of EUR continues, and whether the USD-selling trend continues. Note that last week, the EUR rally combined with USD weakness led EURUSD to trade up to the 1.36’s for the first time since last November given the comments from Trichet along with the easing concerns over European peripherals.

This week is full of US events that could impact the UST yields and hence the dollar – FOMC, 2-year, 5-year, and 7-year UST auctions, along with a number of US economic data releases. We believe risk is to the downside for the greenback, given its weakness despite elevated 10-year UST yields. Thus, any weak economic numbers, strong auction results, or dovish language from the FOMC could lead to a decline in UST yields and to an easy fall for the dollar. US earnings also continue. Also keep in mind this week sees many EM rate announcements, including Bank of Israel and Hungary’s central bank today, which may have the market directing more focus on EM inflation risk.

FX: NZD (0.0%) is the only pair that gained against USD, with AUD (-0.1%) following behind. SEK (-0.3%) and JPY (-0.2%) are the under-performers. FX vol: As per usual on Mondays, vols broadly opened lower than forward vols and have drifted lower. AUDUSD gamma is being offered aggressively despite the upcoming events.

Commodities: Oil up 0.3% at $89.50/barrel. Gold up 0.7% at $1,351.40/oz. Bonds: JGB curve flattened in the morning, but faced steepening pressure in the afternoon. Equities: Equities trade mixed across the region – Nikkei +0.7%, Hang Seng Index -0.3%, Shanghai -0.4%, KOSPI +0.5%.

Until Next Time Happy Trading Kevin.