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FXLR Daily Roundup – 29th May 2009

Summary

- 11 Live Room trade calls; 6 wins, 2 breakevens, 3 losses.
- 1 Intra-day trade call; 1 loss.
Live room trades

GBP/USD - Long Call (+22 pips)
Trade: Momentum
Live Room Call: Entry on the break of 1.6016
1st Level: 1.6040, +24 pips
2nd Level: 1.6036, +20 pips
Stop: 1.5991
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (+26 pips)
Trade: Momentum
Live Room Call: Entry on the break of 1.1096
1st Level: 1.1070, +26 pips
2nd Level: 1.1070, +26 pips
Stop: 1.1120
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Long Call (-6pips)
Trade: Ascending triangle
Live Room Call: Entry on the break of 1.4013
1st Level: 1.4007, -6 pips
Stop: 1.3988
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Short Call (+0 pips)
Trade: Flag
Live Room Call: Entry on the break of 1.0748
1st Level: 1.0748, +0 pips
Stop: 1.0765
(Allow few pips for slippage on entry/exit levels)

USD/JPY - Short Call (+0 pips)
Trade: Flag
Live Room Call: Entry on the break of 95.96
1st Level: 95.96, +0 pips
Stop: 96.12
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Long Call (+8 pips)
Trade: Flag
Live Room Call: Entry on the break of 1.4108
1st Level: 1.4124, +16 pips
2nd Level: 1.4108, +0 pips
Stop: 1.4090
(Allow few pips for slippage on entry/exit levels)
USD/CHF - Short Call (-6 pips)

Trade: Flag
Live Room Call: Entry on the break of 1.0718
1st Level: 1.0724, -6 pips
Stop: 1.0735
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+22 pips)
Trade: Trendline break
Live Room Call: Entry on the break of 1.6155
1st Level: 1.6135, +20 pips
2nd Level: 1.6131, +24 pips
Stop: 1.6180
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Short Call (+20 pips)
Trade: Trendline break
Live Room Call: Entry on the break of 0.7986
1st Level: 0.7966, +20 pips
2nd Level: 0.7966, +20 pips
Stop: 0.8011
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (+22 pips)
Trade: Descending triangle
Live Room Call: Entry on the break of 1.0983
1st Level: 1.0967, +16 pips
2nd Level: 1.0955, +28 pips
Stop: 1.1008
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (-6 pips)
Trade: Double top
Live Room Call: Entry on the break of 1.6118
1st Level: 1.6124, -6 pips
Stop: 1.6145
(Allow few pips for slippage on entry/exit levels)
Intra-day trades

USD/JPY - Short trade closed (-10 pips)
Trade: Descending triangle
Opened Short: USD/JPY@ 95.68
Stop level: 95.98
Target level: 95.15
Closed 95.78 (-10 pips)
Have a good weekend.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 28th May 2009

Summary

- 2 Live Room trade calls; 2 wins.
- 1 Intra-day trade call; 1 win.

Live room trades

GBP/USD - Short Call (+12 pips)
Live Room Call: Entry on the break of 1.5895
1st Level: 1.5871, +24 pips
2nd Level: 1.5895, +0 pips
Stop: 1.5920
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Long Call (+10 pips)
Live Room Call: Entry on the break of 1.5958
1st Level: 1.5978, +20 pips
2nd Level: 1.5958, +0 pips
Stop: 1.5933
(Allow few pips for slippage on entry/exit levels)
Intra-day trades

GBP/JPY - Short trade closed (+9 pips, ave.)
Opened Short: GBP/JPY@ 154.12
Stop level: 154.45
Target level: 152.50
Closed: 154.12 (1/2: +18, 1/2: +0)
Half closed at 153.94
Have a good evening.

FXLR team
www.forexliveroom.com

The FTSE has a Directionless Session, Finishing Flat

The FTSE100 closed up 4 points at 4,416, whilst the FTSE 250 closed up 58 points at 7,588, and for those that are interested the FTSE Small Caps closed up 5 points at 2,255.  The bigger blue chips were range-bound for the day, really, with the fairly buoyant travel and leisure companies, together with the supermarkets, helping offset some of the banks and miners’ performance.

Over the pond, Wall Street got off to a fairly cautious start, with more concern over the fate of General Motors causing concern. Most US stocks were lower in morning trade, with data showing pre-owned home sales up 2.9% in April, which was as expected, but home prices had fallen in March. By the time London closed, the DJIA was down about 21 points at 8,452, whilst the S&P 500 was just about even at 910, and the Nasdaq was up around 11 points at 1,762.

FXLR Daily Roundup – 27th May 2009

Another long day in the Live Room.  The all-day sessions are providing some decent feedback, with the chat all day being popular.  The trading suffered today, though, with decent level breaks soon reversing after profit.  A few guys in the room had a good Cable trade early doors, with up to +39 pips taken on the first trade of the day.  There were no intra-day trades.  It was a day of trading we wish we could forget about, really, with two losses and a couple of trades missed by us.  Still, the performance is good this month again.

Summary

- 6 Live Room trade calls; 1 win, 3 breakevens, 2 losses.
- No Intra-day trade calls.

Live room trades

GBP/USD - Long Call (+9 pips)
Live Room Call: Entry on the break of 1.5979
1st Level: 1.5998, +19 pips
2nd Level: 1.5979, +0 pips
Stop: 1.5954
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Long Call (-25 pips)
Live Room Call: Entry on the break of 0.7872
1st Level: 0.7847, -25 pips
Stop: 0.7747
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Long Call (-26 pips)
Live Room Call: Entry on the break of 152.78
1st Level: 152.52, -26 pips
Stop: 152.52

GBP/USD - Long Call (+0 pips)
Live Room Call: Entry on the break of 1.6032
1st Level: 1.6032, +0 pips
Stop: 1.6005
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Short Call (+0 pips)
Live Room Call: Entry on the break of 1.3885
1st Level: 1.3885, +0 pips
Stop: 1.3910
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (+0 pips)
Live Room Call: Entry on the break of 1.1104
1st Level: 1.1104, +0 pips
Stop: 1.1130
(Allow few pips for slippage on entry/exit levels)

Intra-day trades

No trade alerts.

Have a good evening.

FXLR team
www.forexliveroom.com

FXLR - Forex Report - London Session

Sterling did well this morning, with a few tries at 1.60 finally seeing a breakthrough, with STG hitting a 7-month high. It was also up against the Euro. However, with the pound still around 30% weaker against the EUR, and 20% weaker against the USD coimpared to the highs reached 18 months ago, we could speculate that the good news isn’t quite that good, and a correction could come later today or tomorrow.

The Yen crosses weren’t as busy this morning. Both USD/JPY and EUR/USD are currently almost unchanged from early London session prices.  Risk traders are returning, hence the softer USD, which can also be linked with an unwinding of long USD positions built up during the height of the financial crisis.  It is reasonable to assume that these flows will thin out suggesting that the USD may start to react more directly to US fundamentals - back to the correction we expect. 

This week the USD should find support on the solid results of yesterday’s 2 yr auction.  The result of the Treasury’s 5yr auction should provide a key focus this afternoon.  The EUR is likely to find incentive over the coming days from the approach of the ECB’s June 4th policy meeting.  The release of soft German lander CPI, which highlights the risk that German CPI, could stay close to zero for much of the remainder of the year - a scenario which could allow further ECB easing.  On balance it seems likely that the ECB will retain a quiet stance, which could leave the EUR with a defensive tone over the coming week.   News from France thsi morning showed French consumer confidence was up a little in May, whilst Italian consumer confidence was in-line with April data, but slightly below market estimates. Aside from the 5 yr auction, US home sales data will provide a focus this afternoon. A rise is expected in sales, but prices should be reported lower again.

FXLR Daily Roundup – 26th May 2009

A nice long day in the Live Room, which is just closing now.  Lots of chat and banter.  We all enjoyed it today.

Summary

- 5 Live Room trade calls; 3 wins, 2 breakevens.
- 1 Intra-day trade call; 1 win.
Live room trades

GBP/USD - Short Call (+30 pips)
Live Room Call: Entry on the break of 1.5835
1st Level: 1.5815, +20 pips
2nd Level: 1.5795, +40 pips
Stop: 1.5860
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Long Call (+0 pips)
Live Room Call: Entry on the break of 1.0878
1st Level: 1.0878, +0 pips
Stop: 1.0853
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Short Call (+0 pips)
Live Room Call: Entry on the break of 0.7742
1st Level: 0.7742, +0 pips
Stop: 0.7767
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Short Call (+25 pips)
Live Room Call: Entry on the break of 1.3887
1st Level: 1.3861, +26 pips
2nd Level: 1.3863, +24 pips
Stop: 1.3905
(Allow few pips for slippage on entry/exit levels)

AUD/USD - Long Call (+22 pips)
Live Room Call: Entry on the break of 0.7830
1st Level: 0.7850, +20 pips
2nd Level: 0.7854, +24 pips
Stop: 1.5860
(Allow few pips for slippage on entry/exit levels)
Intra-day trades

GBP/USD - Long trade closed (+35 pips, ave.)
Opened Long: GBP/USD @ 1.5883
Stop level: 1.5851
Target level: 1.5980
Closed: 1.5933 (1/2: +20, 1/2: +50)
Half closed at 1.5903
Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 22nd May 2009

Summary

- 2 Live Room trade calls; 1 win, 1 loss.
- No Intra-day trade calls.

Live room trades

GBP/USD - Short Call (+42 pips)
Live Room Call: Entry on the break of 1.5826
1st Level: 1.5796, +30 pips
2nd Level: 1.5772, +54 pips
Stop: 1.5853
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (-6 pips)
Live Room Call: Entry on the break of 1.5836
1st Level: 1.5842, -6 pips
Stop: 1.5856
(Allow few pips for slippage on entry/exit levels)

Intra-day trades

No trade alerts.

Have a great Bank Holiday weekend - see you all on Tuesday.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 21st May 2009

The Live Room stayed open all day today.  Quite enjoyable.  There were some swift moves this morning, too, with a few subscribers takling some decent trades with their orders already set.  The Cable pull back, after such a good run, wasn’t overly surprising, what with the news.
Summary

- 5 Live Room trade calls; 3 wins, 2 losses.
- 3 Intra-day trade calls; 2 wins, 1 loss.
Live room trades

EUR/USD - Long Call (-17 pips)
Live Room Call: Entry on the break of 1.3829
1st Level: 1.3812, -17 pips
Stop: 1.3802
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+104 pips)
Live Room Call: Entry on the break of 1.5752
1st Level: 1.5666, +86 pips
2nd Level: 1.5630, +122 pips
Stop: 1.5777
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (-25 pips)
Live Room Call: Entry on the break of 1.5585
1st Level: 1.5610, -25 pips
Stop: 1.5610
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Long Call (+19 pips)
Live Room Call: Entry on the break of 1.5764
1st Level: 1.5784, +20 pips
2nd Level: 1.5782, +18 pips
Stop: 1.5740
(Allow few pips for slippage on entry/exit levels)

USD/JPY - Short Call (+33 pips)
Live Room Call: Entry on the break of 94.48
1st Level: 94.28, +20 pips
2nd Level: 94.02, +46 pips
Stop: 94.73
(Allow few pips for slippage on entry/exit levels)
Intra-day trades

EUR/USD - Short trade closed (-32 pips)
Opened Short: EUR/USD @ 1.3736
Stop level: 1.3768
Target level: 1.3650
Closed: 1.3768 (-32 pips)

USD/CHF- Long trade closed (+9 pips)
Opened Long: USD/CAD @ 1.1035
Stop level: 1.1002
Target level: 1.1120
Closed: (1/2: +18, 1/2: +0)
Close half at 1.1053

USD/CAD - Short trade update (+20 pips)
Opened Short: USD/CAD @ 1.1426
Stop level: 1.1455
Target level: 1.1335
Closed: 1.1402 (1/2: +16, 1/2: +24)
Half closed at 1.1410
Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 20th May 2009

A few subscribers took extra trades in the live room this morning, with some very good results.  Well done.  We were a little more cautious, and closed early on ours, with a couple at break even and one +32 pip win.  Not to worry.  Well done to the guys who were racking up more wins.  Three more decent intra-day trades were also good.
Summary

- 3 Live Room trade calls; 1 win, 2 breakevens.
- 4 Intra-day trade calls; 3 wins, 1 breakeven.
Live room trades

EUR/JPY - Long Call (+32 pips)
Live Room Call: Entry on the break of 130.44
1st Level: 130.68, +24 pips
2nd Level: 130.84, +40 pips
Stop: 130.10
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (+0 pips)
Live Room Call: Entry on the break of 1.1552
1st Level: 1.1552, +0 pips
Stop: 1.1585
(Allow few pips for slippage on entry/exit levels)

USD/CHF - Short Call (+0 pips)
Live Room Call: Entry on the break of 1.1104
1st Level: 1.1104, +0 pips
Stop: 1.1130
(Allow few pips for slippage on entry/exit levels)
Intra-day trades

USD/CAD - Short trade closed (+46 pips)
Opened Short: USD/CAD @ 1.1474
Stop level: 1.1506
Target level: 1.1300
Closed: 1.1428 (1/2: +46, 1/2: +46)
Closed half at 1.1428

USD/CHF - Short trade update (+30 pips, ave.)
Opened Short: USD/CHF @ 1.1018
Stop level: 1.1050
Target level: 1.0900
Closed: 1.0989 (1/2: +32, 1/2: +29)
Closed half at 1.0986

USD/CAD - Short trade closed (+0 pips)
Opened Short: USD/CAD @ 1.1416
Stop level: 1.1442
Target level: 1.1300
Closed: 1.1416 (+0)

USD/ JPY - Short trade closed (+37 pips ave.)
Opened Short: USD/JPY@ 95.40
Stop level: 95.72
Target level: 94.50
Closed at 94.86 (1/2: +20 pips, 1/2@ +54 pips).
(Half closed at 95.20)
Have a good evening.

FXLR team
www.forexliveroom.com

FXLR Daily Roundup – 19th May 2009

Summary

- 6 Live Room trade calls; 5 wins, 1 breakeven.
- No Intra-day trade calls.

Live room trades

GBP/USD - Long Call (+50 pips)
Live Room Call: Entry on the break of 1.5352
1st Level: 1.5384, +32 pips
2nd Level: 1.5420, +68 pips
Stop: 1.5325
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Long Call (+58 pips)
Live Room Call: Entry on the break of 148.25
1st Level: 148.65, +40 pips
2nd Level: 149.01, +76 pips
Stop: 147.95
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Short Call (+12 pips)
Live Room Call: Entry on the break of 1.1603
1st Level: 1.1591, +12 pips
Stop: 1.1630
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Long Call (+10 pips)
Live Room Call: Entry on the break of 1.5453
1st Level: 1.5473, +20 pips
2nd Level: 1.5453, +0 pips
Stop: 1.5430
(Allow few pips for slippage on entry/exit levels)

GBP/JPY - Long Call (+0 pips)
Live Room Call: Entry on the break of 149.20
1st Level: 149.20, +0 pips
Stop: 149.95
(Allow few pips for slippage on entry/exit levels)

EUR/USD - Long Call (+10 pips)
Live Room Call: Entry on the break of 1.3630
1st Level: 1.3650, +20 pips
2nd Level: 1.3630, +0 pips
Stop: 1.3605
(Allow few pips for slippage on entry/exit levels)

Intra-day trades

No trade alerts.

Have a good evening.

FXLR team
www.forexliveroom.com