Update for 02.17.2014 – New AUD/USD, GBP/AUD Orders

Swing

Two new orders ahead of tonight’s RBA minutes and Tuesday’s UK CPI. Given the RBA’s decision to drop its easing bias, we think the RBA minutes will be +AUD. Low inflation on the other hand remains a problem for the BoE and therefore we expect the CPI number to be -GBP.

1. Place Order to Buy AUD/USD at 0.9117


Stop 0.9057

Close half at 0.9147 move stop to b/e

Close rest at 0.9275

2. Place Order to Sell GBP/AUD at 1.8378


Stop 1.8478

Close half at 1.8328 move stop to b/e

Close rest at 1.8278


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

We still have the following pending orders:

3. Place Order to Buy EUR/JPY at 140.39


Stop 139.39

Close half at 140.89 move stop to b/e

Close rest at 141.39

4. Place Order to Sell EUR/GBP at 0.8140


Stop 0.8200

Close half at 0.8110 move stop to b/e

Close rest at 0.8025

5. 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

6. Place order to Sell AUD/NZD at 1.0730


Stop at 1.0790

Close half at 1.0700, move stop to break-even

Close rest 1.0525


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