Friday, 7 September 2012

Trade for Today

I was expecting volatile/uncertain trading on thursday as it was ECB's interest rate day and Mr.Draghi's speech.Stop got hit on Selling Aud/Usd,S &P and Eur/Jpy  but if you have notice we suggest very tight/small stop loss. On other side only Usd/Chf was successful trade and Crude oil hit both way.Following are trade calls for today,
  • Sell Aud/Usd at 1.0330 stop above 1.0400 target 1.0280
  • Sell Eur/Jpy at 110.10 stop above 110.60 target 99.35
  • Sell Oil at 95.90  stop above 96.70  target open ( mid term )
Yesterday's our strategy for buying USD was partially failed but I still firm on it today if it fail today than probably we will see huge dollar selling next week.

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