New Orders for 03.12.14 for NZD, GBP/JPY, EUR/CAD

Swing

***We are currently short at GBP/USD at 1.6572

New Orders for 03.12.14

Between the RBNZ rate decision this afternoon and the U.S. retail sales report on Thursday, we expect a significant increase in volatility over the next 24 hours. While we have strong reasons to believe that the outcome of RBNZ will be positive for the NZD because the central bank will lay the foundation for further tightening, positioning is heavily skewed to the upside so if they fail to be hawkish enough, it could lead to profit taking in the pair and we want to be positioned for both sides of the trade. The outcome of the U.S. retail sales report on the other hand will have a material on risk appetite which is why we are adding a pending order to sell GBP/JPY.

1. Place Order to Sell NZD/USD at 0.8339


Stop 0.8399

Close half at 0.8309 move stop to b/e

Close rest at 0.8210

2. Place Order to Buy NZD/CAD at 0.9518


Stop 0.9458

Close half at 0.9548 move stop to b/e

Close rest at 0.9715

3. Place Order to Sell GBP/JPY at 169.72


Stop 170.72

Close half at 169.32 move stop to b/e

Close rest at 168.72

4. Place Order to Buy EUR/CAD at 1.5557


Stop 1.5457

Close half at 1.5597 move stop to b/e

Close rest at 1.5657

We still have the following pending orders:

5. Place Order to Buy EUR/USD at 1.3927


Stop 1.3867

Close half at 1.3957 move stop to b/e

Close rest at 1.4075

6. Place Order to Buy EUR/JPY at 144.22


Stop 143.22

Close half at 144.62 move stop to b/e

Close rest at 145.22

7. Place Order to Buy NZD/JPY at 88.27


Stop 87.67

Close half at 88.57 move stop to b/e

Close rest at 89.75


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