TrendCatcher Signals for 12.03.2014

TrendCatcher

New BK Trend Catcher Signals for 12.03.2014

***Trades are now triggering at 6pm using the 5pm NY Time Close as the marker. See this video for more details:


1. Sell EUR/USD @ Market (1.23827) Stop 1.24477, Close half at 1.23327, move stop on rest to break-even. Close rest at 1.21877

2. Buy USD/CHF @ Market (0.97237) Stop 0.96587, Close half at TP 0.97737 , move stop on rest to break-even. Close rest at 0.99187

**If market price is higher (for short trades) or lower (for long trades) than our market price entry, trade can be taken with our same stops and targets.

**If your market price is WORSE than our market price entry and you still want to enter the trade than be sure to use our stops and targets.

Live Trades (Status)

Recently Closed Trades

12/02/2014 NZD/JPY +50
12/01/2014 EUR/CAD -130
12/01/2014 USD/JPY -130
12/01/2014 GBP/USD -130
11/30/2014 EUR/AUD +50
11/26/2014 AUD/NZD +245
11/25/2014 USD/CHF -130
11/24/2014 EUR/NZD -130
11/24/2014 EUR/USD -130
11/21/2014 EUR/AUD -130
11/21/2014 AUD/CAD -130
11/20/2014 EUR/CAD -130
11/19/2014 NZD/USD +50
11/18/2014 EUR/CAD -130
11/14/2014 GBP/CHF +245
11/14/2014 AUD/CAD -130
11/13/2014 EUR/CAD -130
11/13/2014 GBP/NZD -130
11/13/2014 EUR/AUD -130
11/11/2014 EUR/NZD -130
11/10/2014 EUR/CAD +50
11/10/2014 USD/CHF +50
11/07/2014 AUD/CAD -130
11/06/2014 EUR/USD +245
11/03/14 EUR/NZD -130
11/02/14 GBP/CHF -130
10/30/14 CHF/JPY +245
10/30/14 AUD/JPY +245
10/30/14 GBP/JPY +245
10/30/14 EUR/USD +50
10/29/14 CAD/JPY +245
10/29/14 USD/JPY +245
10/29/14 AUD/NZD -130
10/29/14 GBP/USD +50
10/29/14 EUR/CAD +50
10/29/14 EUR/NZD -130
10/29/14 EUR/JPY -130
10/29/14 NZD/USD -130
10/29/14 NZD/JPY -130
10/26/14 AUD/CAD 50
10/22/14 EUR/AUD -130
10/22/14 CHF/JPY -130
10/21/14 EUR/NZD +50
10/21/14 GBP/NZD +50
10/21/14 EUR/JPY +50
10/16/14 AUD/NZD -130
10/15/14 GBP/NZD -130
10/15/14 USD/CHF -130
10/15/14 EUR/USD -130
10/14/14 AUD/CAD +50
10/13/14 GBP/CHF +50
10/13/14 EUR/CAD -130
10/13/14 EUR/AUD +50
10/13/14 USD/CHF -130
10/13/14 EUR/USD -130
10/12/14 AUD/CAD -130
10/7/14 GBP/JPY 50
10/7/14 CAD/JPY -130
10/7/14 AUD/NZD -130
10/6/14 EUR/NZD 50
10/5/14 USD/JPY -130

*These are actual results of trades we have placed in our funded test account for the past week based on the trading

BKSWING – New AUD/USD Order for 12.02.2014

Swing

The Australian dollar traded sharply lower today on the heels of the RBA rate decision. Governor Stevens stated that a lower dollar was “likely to be needed” – a turn of phrase that some analysts in the currency market understood as a signal that the central bank may become much more active in guiding the currency lower. The RBA is clearly concerned about the sharp decline in commodity prices, especially iron ore which represents one out five Australian export dollars to the country. Tonight’s more dovish language may have been a warning to the market that the central bank would be willing to consider another rate cut and as traders adjusts their own expectations, we could see further weakness in AUD. To position for this possibility, we are laying out a fresh AUD/USD sell order.

Remember we are still long EUR/CHF

1. Sell AUD/USD at 0.8370

Stop at 0.8430

Close 1/2 at 0.8340

Close rest at 0.8125

We still have the following pending orders on:

2. Buy NZD/JPY at 94.15

Stop at 93.55

Close 1/2 at 94.45

Close rest at 95.35

3. Sell AUD/JPY at 99.72

Stop at 100.32

Close 1/2 at 99.42

Close rest at 98.50

4. Sell EUR/USD at 1.2334

Stop at 1.2394

Close 1/2 at 1.2304

Close rest at 1.2175

5. Sell GBP/USD at 1.5565

Stop at 1.5625

Close 1/2 at 1.5535

Close rest at 1.5425

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled

Our Economic Data Projections for 12.02.2014

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (December 2, 2014) – Good Luck Trading!

1. RBA Rate Decision (10:30PM ET) No Trade – We do not trade rate decisions but could be market moving given recent dovish rhetoric from RBA

2. EZ Producer Prices (5AM ET) Bearish EUR – Potential downside surprise given drop in German and French PPI