Thursday, January 5, 2012

Adjustments

If you are Short EUR/USD....might be time to take some profits and get out. This was an awesome trade, and we should not be greedy. I think it will go back up to 1.30 before it crashes to 1.25, and we will get in on the spike.

If you own AUD/USD...hang tight. If it goes to 1.015....BUY MORE

If you own EUR/AUD....hang on. The US Jobs report has a major influence on the Aussie, and considering the Euro is still in turmoil...this will continue to be a winner.

If you own USD/CHF....hang on to it until .97 cents. After that...you are on your own. The Swiss like to manipulate their currency lately, so i would be afraid of some intervention to get prices down again.

NEW ENTRY ORDER #1
SELL USD/JPY
Rate: 77.50
Stop: 78.50
Limit: 73.00

NEW ENTRY ORDER #2
SELL EUR/CAD
Rate: 1.3150
Stop: 1.3250
Limit: 1.245
*Please watch the following video on CNBC to understand the EUR/CAD trade. Excellent explanation
http://www.cnbc.com/id/45887437

If you own anything else...let me know akantardjian@yahoo.com

FYI - my account is near a major milestone....i'm at $985! If you recall, i ended 2011 at $676, and in just a few days, I'm already up 45% for 2012!

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