Hello friends,
Good Morning, Good Afternoon and Good Evening
Fridays’ NFP numbers didn’t do well for the US dollar although America did add numbers to the jobs market. Why?? You would think that any jobs being added to the US markets would increase the value of the dollar or at least be considered good news.
But let’s see why
Well the dollar fell against the Euro and to the Japanese Yen although 120K+ jobs were added to the market this number fell short of the forecasted number of 240K.
So it looks like stimulus still could be a very real possibility. I wish they would make up their minds, First there is talk about stimulus than good news comes out and there is talks of no stimulus needed and then the NFP numbers come out and again they are quick to throw out that stimulus might be needed.
WOW….
So now I would like to take the time to give a quick recap of our performance from this past week in our club.
Starting with our statistical trades that were sent:
GBPUSD: the level 1.6 that we were looking for to hold failed and as a result our trade was closed out on our stop loss.
AUDNZD: we had our levels that we were waiting for but due to an aggressive NFP day we decided to remove our order and we will look to enter based on a candle stick pattern.
EURUAD: we had an aggressive sell but the pair moved too slowly; and we closed the trade with a small profit.
GBPAUD: we had another aggressive sell and we decide to take profit earlier.
NASDAQ: this week we opened an aggressive sell with two targets; we closed out our first target (80%) and moved our stop loss to breakeven and we are holding out for our final target around 2650.
EURCHF: during this week our EUR/CHF rose above the 1.2 ceiling enforced by the Swiss National Bank and we attacked with another order. We close that order when price aggressively retraced and took our profits and enter another buy pending order.
Now Investor Style trades that we had this week:
GBPAUD: this week we closed out this pair with 175 pips in total profits.
EURCHF: we started another attack and we still hold this order.
Our Live trading room also provided some opportunities as well; overall I would say this week provided us with some great opportunities.
Please join us next week
Until next time friends
Vladimir
