coment from jack maverick

Today we have the reward for those who survived the volatility of Fridays Market conditions..Options expiration and triple witching caused all pairs to exceed what had been their current market levels of resistance..The result of the artifical highs and todays resulting market sell off have sold many pairs down to support...Today Im going to give several trades to consider..I also want you to keep a look out for the new website...www.zenforextraders.com
This website is currently under construction and I know you are going to enjoy it..More to come on that in the future..

Lets take a look at these trades now...

EUR/USD long at 1.3880..wait for this trade to come into play based on support and current market conditions..it may in fact sell off to lower support around 1.3820

We are watching USD/JPY for a possible long entry position at S4 at or around 94.04 ..this is current S4 support and even if you dont enter this trade its worth watching for market direction This pair has had some good market correlation with the USD market strength

GBP/USD now heres a pair thats on everyones watch list today..As Im posting this the curent price is 1.6341...Central Pivot of this channel is at GBP/USD 1.6352...Upper resistance on Friday was 1.6550...with lowest resistance to date at 1.6200...If you have a UK Forex Account you can hedge this off the center pivot and trade it up and down the channel...There are many ways to trade this pair and Im sure you have a style that fits yor style and talent....You have to be mentally prepared to surive market volatility with this pair and its for the serious professional only...

Im taking a long look at all the yen crosses and due to thier congruent realtionship with their respective pairs and USD/JY.. I see all them getting close to support...One pair that stands out is AUD/JPY I liked this as a long entry around 76.00 and currently its at 75.71 just below support
I like the AUD/USD and NZD/USD as a buy also at some point soon..Im looking to enter a long Aussie position at or near 0.7850 and the Kiwi at or near 0.6320..These are still the highest yielding pairs and will worth taking a second look at here

Last but not least is the USD/CAD pair..You can read my past commentary in this blog and see how I trade it with CAD/JPY ...Im looking to sell this pair the first day we see some stability and a positive day during the Live NY Trading Session..My target for a sell on this pair is 1.6000..and you know how we trade pairs...when you sell USD/CAD it will be time to enter a long position on CAD/JPY..

One or two parting notes always enter a trade with a trade plan and pre set stop loss...Second keep and eye out for www.zenforextraders.com...Take care and have a great trading day...We Trade...We Teach..We Care...

NZD/JPY limit sell order at 57.85... TP 56.40,GBP/JPY limit sell order AT149.70 TP 147.50, CAD/JPY limit sell order @82.80 TP 81.80, EUR/JPY limit sell order @ 131.94 TP 131.94 TP 130.00,USD/JPY limit sell order @99.77 TP 98.70

Limit sell NZD/USD @58.79..TP @ 0.5760
Limit Sell GBP/USD @1.500/10 ..TP @1.4890
Limit Buy AUD/NZD @ 1.2360..TP @1.2470
USD/CHF Limit Buy @ 1.1300 ..TP @1.1447

SEll EUR/USD at market when USD/CHF order fills

Buy AUD/JPY at 69.55 SL at 69.15..TP at 70.30

Limit sell order on AUD/USD at 0.7200
take profit at 0.7150 and 0.7100 40 pip SL

When the AUD/USD Limit Sell Order is triggered buy EUR/AUD at market and follow AUD/USD for your take Profit Signal

Pairs still havent topped out yet standing aside on trades today until I see some clear signals. To much volatility related to the G 20 Summit in London.

something to look at today...

Lets place a Buy order for USD/CAD at just a little higher than yesterday at 1.2530
then when that buy is hit sell USD/JPY at market 70 pip TP on USD/JPY ,TP on USD/CAD is 1.2640 and dont forget to place your SL at 40 pips stop ;-) have a nice day...

message from jack

I like a sell EU at 1.3260..take profit at 1.3180
I like a buy on USD/CHF at 1.1400/40 tp 1.1500/1.1540

GBP/USD has already sold off...some but lets just take it from the top
Lets say sell it at 1.4335 and TP at 1.4250 and 1.4210

I like a buy on USD/CAD at 1.2500 TP at 1.2620

Ok heres a twister when you buy USD/CAD at 1.2500 you need to short CAD/JPY at market..this is a bonus so set a sell at market and a TP at 80 pips

and for all the signals....place ur stop for 30 pips....enjoy!!

king of cactus says...

I was( last)..to read... I was late posting this call..Buy USD/CAD at 1.2240 TP at 1.2390 also Im looking for a big yen sell off from over night highs Sell USD/JPY at 98.75 TP 97.60 /TP 296.21..also like a possible turn around on USD/CAD pivot point at 1.2391 so possible trend reversal and sell USD/CAD at 1.2391"

"Honestly the market is very fickle and neutral in its bias from day to day now. So at this point in time trying to ride any trend line out to far into the future is not very safe.So try and stay flexible and nimble in your bias ."

"King Of The Cactus"
but you can call me Jack
Jack Maverick
Secret Forex Agent 007
"I rob banks for a Living"

euro call!!

Limit Sell Order GBP/CHF at 1.6630 TP 1.6570/1.6430
SEll EUR/USD at 1.3595 TP 1.3505/1.3405
Limit Buy Order USD/CHF at 1.1220 TP 1.1280/1.1320

sl @ 50 pips

limit order EU short at 1.3755 tp .1.3650 half/ half 1.3520 sl 30 pips
limit order long usd/chf at 1.1169 tp 1.2169 sl 30 pips
buy USD/CAD at 1.2200/ 15 etc tp 1.2285 sl 1.2179

new york session signals

short EU at 1.3180..
long USD/CHF at 1.1600..
short GU at 1.4040
short USD/CAD at 1.2720 or lower at 1.2690
20 pips sl from entry
30 pips tp

euro session fx signal

GBP/USD long at 1.4088 tp 1.4230/90
EUR/USD long at 1.3000 tp 1.3180
USD/CAD short at 1.2720 tp 1.2467

30 pip stop loss

http://www.pagetutor.com/trillion/index.html

Cad spiked up and is selling off again, If the market sells off..CAD spikes up..If the market recovers and gets into a buying mode again today....CAD sells off,CAD shot up to 1.2880 and then sold off to 1.2800,selling off now ,same as yesterday..If USD/CAD can break support at 1.2765 we get a big leg down, But we need the markets help here, Best way to play this trade is to be flexible in your bias and sell or buy it as the market directs you..

In this volatile market Capital Preservation is Key.. So trade with a 20 /40 bias. Dont risk over 20 pips for a 40 pip gain and you only have to be right 33% of the time to be a winner in this market.

Good Morning FxTraders. It looks like we are finally rewarded for our patience and getting the USD/CAD sell off today. From this point we need to break on through 1.2765 to get our next leg down. We will also need for the market to help us out with this. If they weaken and go back into a sell cycle our trade will reverse on us so be nimble in your bias here and take profits when you have them. One thing I always look for is a pair that trades divergent or opposite of my focus pair. In the case of USD/CAD that pair is CAD/JPY. So if you have a sell or buy bias on USD/CAD you need the opposite for CAD/JPY. Pull up a chart on CAD/JPY and you will see that when USD/CAD started selling off it rallied off of 76.00 on up to 77.80. In the future I will give you the divergent pairs on every pair I trade. That way you can trade two or three pairs at a time and increase your profit. So until next time, best of luck on all your trades today. Jack Maverick

I read some other experts commentary and it sounds like they agree with what I posted last week...one guy is even calling it the trade of the week..its in a mood to sell but if the NY STock Market keeps going backwards everyday that gives it the support it needs to climb higher so keep it on your watch list Forex Traders USD/CAD will reward you with a fat short sale at some point in time inthe near future. Today we have the CAD Intrest Rate Statement out at 9:00 am Eastern/New York time. We will need to watch this for an indictaion of where USD/CAD is headed in the short term.My new target high for a good sell of is in the 1.3000/50 range. So keep this chart up on your work station and lets see how this plays out as we get further along into this weeks trading.

usd/cad - 27/02/2009

call short on usd/cad from jack

entry - 1.2687
sl - 1.2727
tp 1 - 1.2400
tp 2 - 1.2100

we want what market want..

* please dont forget to add ur sl with ur spreads from ur broker

Live Cattle On The Hoof

"Jack Maverick is calling a short /sell trade on the USD/CAD tomorrow (ny open) off the high at open..watch the New York stock Market for an indicator of the elements of this trade to come together...Jack has told me this has been his Friday Trade of the week the last three weeks in a row..Stay tuned as Jack Maverick gives you a Trade Of The Day and teaches you the Dicipline required to turn yourself into a that Great Trader you want to be...Look for his World Market Comments and Daily Wisdom right here on this blog every day...Start your tradeing day right here with Jack...Jack Maverick is a vetran trader of many markets from his days as a Texas Rancher tradeing Live Cattle On The Hoof at the blink of an eye to Tradeing Stocks ,Commidities, and The World Currency Market...Let Jack Maverick keep you ahead of the World Herd that is ruled by Fear and Greed one Trade at time. So Saddle Up every day here with Jack Maverick and ride Tall In the Saddle. Make Money off his Daily Trades and Realize Your Dreams as he Teaches you the Disipline That Will Make You Great !"

Look For Jack Maverick's.. "Gold Report "next week as he analizes this precious metal . He will give you historic insights and also provide you with a look into the future as provides commentary that you can not afford to miss.