02.11.14 Update! New EUR/AUD Order, 4 Orders Total

Swing

We are currently long EUR/JPY

Here is a NEW EUR/AUD order ahead of Chinese trade & Australian employment:

1. Place Order to Sell EUR/AUD at 1.4943

Stop at 1.5043

Close half at 1.4893, move stop to break-even

Close rest 1.4843

We still have the following pending orders on the books:

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

4. 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 EUR/AUD trade is a pure Australian employment play.


New Policy: Keep all orders on until canceled. We will allow for 2 live trades at a time