15-Feb-2013 (Binary Trades)

It has been a crazy and tiring week. Forecasting data for my workplace has been quite a challenge at the moment due festive period of CNY. As mentioned before, due to the festivity, we have decided to put our FX Spot off the books during the festive period of CNY but we are still rolling with Binary desk.

Not much done this week with extra caution being put into place and we are glad we did. Smaller gains but more percentage wins is worth the effort and straining from jumping into aggressive deals.

Today, or rather tonight with respect to Singapore time, 15-Feb-2013. We are focused more into the night with Canadians releasing their month/month Manufacturing Sales data and US releasing their Empire State Manufacturing Index data and few others. During this window of trading, as per our trade plan, we look at USD/CAD.

Upon Canadians release, it jumped. On my end, I had waited for entry. It turned out well and got out at Binary expiry. Then after, I went for a second entry and it turned out positive. Both using our algo entry. For those that just came back from vacation, we are sticking to Stochs (5,3,3) and the rest remains the same.

Only two deals for me tonight with 181% each. I am out boys, brain capacity is maxed out. Those that are still rolling, be careful, trade safely. It is Friday and there might be interesting movements or dull. Anything can happen, so do not let your guard down.