Brend's trading ideas

[BREND]

Russian crews landed in Cuba to prepare for stationing nuclear bombers there in defiance of a U.S. warning not to cross a ``red line,'' Izvestia reported,
citing unidentified Russian Defense Ministry officials.

Crews of a supersonic Tu-160, a nuclear bomber known as ``White Swan,'' and Tu-95, which the North Atlantic Treaty Organization dubs ``Bear,'' were on the island nation doing reconnaissance work and inspecting infrastructure, the Moscow-
based newspaper said. Bombers can be deployed to bases in Cuba, Venezuela or Algeria at any time, Izvestia said.

General Norton Schwartz, nominated to be U.S. Air Force chief of staff, warned Russia two days ago not to station bombers in Cuba in response to America's decision to build a missile- defense system in former Soviet satellite states in Europe.

Russia said on July 8 that it would react with military means to the U.S. system. Russian leaders have threatened to aim nuclear missiles at the planned bases in the Czech Republic and Poland, which they say would threaten Russia's security.

When there is tension, there is demand for Swiss Franc.

Shorted 50,000 USDCHF at 1.0369
Stop level at 1.0416
Target level at 1.0174

 

[Gumping]

I had emailed him my proposal, he said he will review, but he didnt come back to me.

Did you cry?

 

[HoodTrader]

What is the correlation between tension adn swiss franc, is there an explanation behind this? Or is it just one of those things?

 

[BREND]

What is the correlation between tension adn swiss franc, is there an explanation behind this? Or is it just one of those things?

When there is fear or tension, market would buy gold or swiss as safe haven.

 

[BREND]

EURJPY is showing strong downtrend.

Shorted 50,000 EURJPY at 168.64
Stop level at 169.10
Target level at 168.24

 

[BREND]

I had shorted 50,000 EURJPY at 168.64, stop level at 169.10, target level at 168.24.
Target level is reached, profit is US$185.82.

 

[BREND]

1. Double-bottom formed for USDJPY

Bought USDJPY at 106.92
Stop level at 106.40
Target level at 107.40

2. Double-bottom formed for AUDUSD

Bought 50,000 AUDUSD at 0.9591
Stop level at 0.9532
Target level at 0.9650

 

[BREND]

1. Double-bottom formed for USDJPY

Bought USDJPY at 106.92
Stop level at 106.40
Target level at 107.40

Today I had bought USDJPY at 106.92, stop level at 106.40, target level at 107.40.
Target level reached, my profit is US$223.46.

Chart: Forex and Binary Trading: Bought USDJPY at 106.92 (Closed)

 

[BREND]

Russian crews landed in Cuba to prepare for stationing nuclear bombers there in defiance of a U.S. warning not to cross a ``red line,'' Izvestia reported,
citing unidentified Russian Defense Ministry officials.

Crews of a supersonic Tu-160, a nuclear bomber known as ``White Swan,'' and Tu-95, which the North Atlantic Treaty Organization dubs ``Bear,'' were on the island nation doing reconnaissance work and inspecting infrastructure, the Moscow-
based newspaper said. Bombers can be deployed to bases in Cuba, Venezuela or Algeria at any time, Izvestia said.

General Norton Schwartz, nominated to be U.S. Air Force chief of staff, warned Russia two days ago not to station bombers in Cuba in response to America's decision to build a missile- defense system in former Soviet satellite states in Europe.

Russia said on July 8 that it would react with military means to the U.S. system. Russian leaders have threatened to aim nuclear missiles at the planned bases in the Czech Republic and Poland, which they say would threaten Russia's security.

When there is tension, there is demand for Swiss Franc.

Shorted 50,000 USDCHF at 1.0369
Stop level at 1.0416
Target level at 1.0174

Last thursday I had shorted 50,000 USDCHF at 1.0369, stop level at 1.0416, target level at 1.0174.

Daily chart shows that USDCHF is due to go lower.

Currently USDCHF is trading at 1.0369, unrealised profit is US$82.31.

Chart: Forex and Binary Trading: Shorted 50,000 USDCHF at 1.0369 (Review 1)

 

[BREND]

Last thursday I had shorted 50,000 USDCHF at 1.0369, stop level at 1.0416, target level at 1.0174.

Daily chart shows that USDCHF is due to go lower.

Currently USDCHF is trading at 1.0369, unrealised profit is US$82.31.

Chart: Forex and Binary Trading: Shorted 50,000 USDCHF at 1.0369 (Review 1)

USDCHF rebounds strongly after the hourly stochastic shows oversold, so I decided to take profit first and short it again when stochastic shows overbought.

Took profit at 1.0355, profit is US$43.60.

 

[BREND]

EURGBP is trading in an uptrend channel, currently at the bottom of the channel.

Bought 50,000 EURGBP at 0.7902
Stop level at 0.7875
Target level at 0.7928

Chart: Forex and Binary Trading: Bought 50,000 EURGBP at 0.7902

 

[BREND]

My indicators and charting shows that USDCHF deserves to go lower.

Shorted 50,000 USDCHF at 1.0447
Stop level at 1.0492
Target level at 1.0320

Chart: Forex and Binary Trading: Shorted USDCHF again

 

[lewtz]

My indicators and charting shows that USDCHF deserves to go lower.

Shorted 50,000 USDCHF at 1.0447
Stop level at 1.0492
Target level at 1.0320

Chart: Forex and Binary Trading: Shorted USDCHF again

I shorted the same amount at the same exact time. My S/L was 10 pips under yours, although that doesn't matter after that spike that took both of us out.

I still think it will go lower, just waiting for a good opportunity to jump in again.

 

[BREND]

I shorted the same amount at the same exact time. My S/L was 10 pips under yours, although that doesn't matter after that spike that took both of us out.

I still think it will go lower, just waiting for a good opportunity to jump in again.

Yes I think USDCHF should go lower.

My position is stopped out, loss is US$169.09.

 

[BREND]

Three Reasons to be bearish on USDCAD

1. Previously USDCAD is up because oil price is falling. Now oil price has rebounded, this should strengthen CAD and push USDCAD lower.

2. Resistance is formed at 1.0300.

3. Daily stochastic is showing sell signal.

Shorted 20,000 USDCAD at 1.0236
Stop level at 1.0314
Target level at 1.0114

Chart: Forex and Binary Trading: Three Reasons to be Bearish on USDCAD

 

[BREND]

USDJPY looks bullish

Both Parabolic systems and MACD are pointing up for USDJPY.

GDP data announcing today and Non Farm Payroll announcing tomorrow. Though I do not think that data will be fantastic, market is too pessimistic, so actual data may outperform expectation and push USDJPY higher.

Bought 20,000 USDJPY at 108.22
Stop level at 106.00
Target level at 111.00

Chart: Forex and Binary Trading: USDJPY looks bullish

 

[BREND]

NZDUSD should go lower

The Reserve Bank of New Zealand cut interest rates for the first time in 5 years on 24 July 08. Reserve Bank of New Zealand reported that economic activity is likely to remain weak over the remainder of 2008.

Retail sales had fallen by the most in 4 years and consumer confidence hitting record lows, the New Zealand dollar has weakened to the lowest level in 6 months.

RBNZ Governor Bollard promised for more rates cut.

Further weakness is expected in NZD and for it to fall below 70 cents against the US dollar before end of September.

Shorted 20,000 NZDUSD at 0.7342
Stop level at 0.7371
Target level at 0.7046

Chart: Forex and Binary Trading: NZDUSD should go lower

 

[BREND]

US is going to announce GDP data at 8.30pm China time, which is 20 min later. I believe this data is going to create great volatility in the currency market.

Current rate for USDCAD is 1.0231.

I place US$100 bet that USDCAD will close out of 1.0202 - 1.0232 by 5am China time. Odds is 0.540, means that if I win my profit will be US$54.

Trading platform: www.mansion118.com.

Platform image: Forex and Binary Trading: Trade Volatility for USDCAD

 

[BREND]

NZDUSD should go lower

The Reserve Bank of New Zealand cut interest rates for the first time in 5 years on 24 July 08. Reserve Bank of New Zealand reported that economic activity is likely to remain weak over the remainder of 2008.

Retail sales had fallen by the most in 4 years and consumer confidence hitting record lows, the New Zealand dollar has weakened to the lowest level in 6 months.

RBNZ Governor Bollard promised for more rates cut.

Further weakness is expected in NZD and for it to fall below 70 cents against the US dollar before end of September.

Shorted 20,000 NZDUSD at 0.7342
Stop level at 0.7371
Target level at 0.7046

Chart: Forex and Binary Trading: NZDUSD should go lower

Yesterday I had shorted 20,000 NZDUSD at 0.7342, stop level at 0.7371, target level at 0.7046.

NZDUSD moves in my favour, currently trading at 0.7286, unrealised profit is US$111.20.

To be safe, I lower my stop from 0.7371 to 0.7340, so this is a 100% risk free trade for me.

 

[BREND]

US is going to announce GDP data at 8.30pm China time, which is 20 min later. I believe this data is going to create great volatility in the currency market.

Current rate for USDCAD is 1.0231.

I place US$100 bet that USDCAD will close out of 1.0202 - 1.0232 by 5am China time. Odds is 0.540, means that if I win my profit will be US$54.

Trading platform: MANSION88 Finance - Where Asia Plays.

Platform image: Forex and Binary Trading: Trade Volatility for USDCAD

Yesterday I had placed US$100 bet that USDCAD will close out of 1.0202 - 1.0232 by 5am China time. Odds is 0.540.

USDCAD closed at 1.0241 at 5am China time, so it is out of the range. This trade I profited US$54.