BKSWING – Important Order Adjustments for 05.06.14

Swing

**We are STILL long AUD/USD.


***CANCEL AUD/USD Sell Order, AUD/CAD Sell Order and NZD/USD Sell Orders

Add the following new orders ahead of tonight’s speech from RBNZ Gov Wheeler and NZ Employment. We are adjusting our NZD/USD sell rate.

1. Sell NZD/USD at 0.8687

Stop at 0.8747

Close 1/2 at 0.0.8657, move stop to breakeven

Close rest at 0.8535

2. Buy NZD/USD at 0.8867

Stop at 0.8807

Close 1/2 at 0.8897, move stop to breakeven

Close rest at 0.8992

3. Buy GBP/USD at 1.7067

Stop at 1.7007

Close 1/2 at 1.7097, move stop to breakeven

Close rest at 1.7192

We still have the following pending orders on:

4. Sell AUD/JPY at 93.83


Stop at 94.43

Close 1/2 at 93.53, move stop to 93.83

Close rest at 92.35

5. Buy AUD/JPY at 95.47


Stop at 94.87

Close 1/2 at 95.77, move stop to 95.47

Close rest at 96.50

6. Buy NZD/JPY at 89.37


Stop at 88.77

Close 1/2 at 89.67, move stop to break-even

Close rest at 91.25

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

BKSWING – Add NZD Orders Ahead of RBNZ, Other Order Adjustments

Swing

*We are currently long EUR/AUD

**CANCEL AUD/NZD, AUD/CAD Buy orders AND EUR/AUD Sell Order

Of all the economic data scheduled for release this week, we think the greatest volatility will come from this afternoon’s RBNZ rate decision. While 15 out of 15 economists expect the central bank to raise interest rates by 25bp, there’s a very good chance they could pause afterwards by saying that future rate hikes are conditional. If they choose to do so, it could erase any positive sentiment caused by tightening and could lead to a deep reversal in the currency. Therefore we are laying out 2 orders to sell NZD vs. the USD and GBP. We also want to be positioned for the off chance they shock the market by remaining committed to tightening and are therefore adding a long NZD order vs. GBP.

Place the following NEW orders

1. Sell NZD/USD at 0.8487

Stop 0.8547

Close 1/2 at 0.8457 move stop to breakeven

Close rest 0.8325

2. Buy GBP/NZD at 1.9654

Stop 1.9554

Close 1/2 at 1.9694 move stop to breakeven

Close rest 1.9754

3. Sell GBP/NZD at 1.9445

Stop 1.9545

Close 1/2 at 1.9405 move stop to breakeven

Close rest 1.9345

We still have the following pending orders on:

4.Sell AUD/JPY 94.72

Stop 95.32

Cover 1/2 at 94.42 move stop to breakeven

Cover rest 93.00

**If more than 2 sets of orders trigger without one hitting T1 first, cancel the rest.

BKSWING Important Order Adjustments – EUR/JPY, GBP/JPY, EUR/AUD

Swing

New Order for CAD/JPY and EUR/JPY. Remember, we allow for 2 live trades at any time. If we think an order should be canceled we will message you

1.Buy CAD/JPY


Place Order to Buy CAD/JPY at 92.40

Stop at 91.80

Close half at 92.70, move stop to break-even

Close rest 94.00

2. 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

Risk is back on and between the market’s positive reaction to ECB and the rise in oil prices, we are laying on 2 new trades for CAD/JPY and EUR/JPY.

CANCEL EUR/CAD Sell order at 1.4770 AND EUR/JPY Sell order at 135.77

We STILL HAVE the following orders on:

1. Sell Order for GBP/JPY


Place Order to Sell GBP/JPY at 163.61

Stop at 164.61

Close half at 163.11, move stop to break-even

Close rest 162.61

2. Sell Order for EUR/AUD


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