Thursday, March 12, 2009

Trade Balance in the morning


With trade balance in the morning I will be taking smaller profits and canceling orders ahead of the announcement. IMHO there are still some pretty good set ups tonight. But because of the trade balance I would suspect that the volume will be much less than normal so my targets will be smaller. I will also be using smaller stop losses as well. Maybe some trailing stops. I like the 5 pips trailing stop on slow nights.

I still like the AUDUSD, EURUSD and GBPUSD Butterfly patterns

1 comment:

Luv2Fish said...

Looks as though your short calls fall right in line with Chris's value area calls as well. Hmmm