BKSWING 02.10.14 Update – New Orders for AUD & GBP – 5 Orders Total

We are adjusting our orders for the new trading week.


Keep EUR/JPY and GBP/CAD orders

New Orders for AUD/USD, AUD/JPY, GBP/USD

1.Place order to Buy AUD/USD at 0.9016

Stop at 0.8956

Close half at 0.9046, move stop to break-even

Close rest 0.9165

2. Place order to Buy GBP/USD at 1.6522

Stop at 1.6462

Close half at 1.6552, move stop to break-even

Close rest 1.6650

3. Place order to Sell AUD/JPY at 89.75

Stop at 90.35

Close half at 89.45, move stop to break-even

Close rest 88.30

We are keeping the following orders on:

4. Buy Order for EUR/JPY

Place Order to Buy EUR/JPY at 140.22

Stop at 139.22

Close half at 140.72, move stop to break-even

Close rest 141.22

5. Place Order to Sell GBP/CAD at 1.7937

Stop at 1.8037

Close half at 1.7887, move stop to break-even

Close rest 1.7837

There are 4 tradable event risks this week – Fed Chairman Janet Yellen’s testimony on the economy and monetary policy, the Bank of England Inflation Report, Chinese Trade Balance and Australian Employment numbers. We are adjusting our orders today so that we are properly positioned for these events. For Yellen’s testimony, our EUR/JPY and AUD/JPY orders will take advantage of risk/risk off. The AUD/JPY position will also be affected by Australia’s employment report and Chinese trade balance. We expect that either GBP/USD and GBP/CAD trades will become a live trade following the BoE Inflation Report while our AUD/USD trade is a pure Australian employment play.

*** Remember we allow for 2 Live Trades at a time. We will update you on which orders to cancel


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