Stop-loss Adjustment Issue #146 British pound

We got another nice move in the pound today on better than expected growth numbers out of the UK. We believe the pound will continue to work higher, but also think it makes sense to lock-in some profit in case we are wrong.

We recommend you adjust your stop-loss on any open lots per Issue #146 British pound to the following:

Forex: 18770

Futures: 18780

Risk Disclosure: There is substantial risk involved in trading in the forex or futures market on a highly leveraged basis. No trader who is unfamiliar, either himself or together with his financial advisers, with such risks should consider trading in the forex or futures markets. Neither Black Swan Capital LLC nor Jack Crooks accept liability for any losses that may directly or indirectly result from any advice or opinion or information provided in this service, whether negligent or otherwise.

USDCAD Daily

102006%20cad%20daily.pdf

Recommendation Issue #147 Canadian dollar

Black Swan Letter
Recommendation Issue: 147 Short-term
Currency: Canadian dollar
20-Oct-06 5:08 a.m. EST/GMT 09:08

Forex last: 11264 Futures last: 8895

Forex:
Sell USDCAD @ MKT / SL/ 11305 / PT1/ 11205 / PT2/ 11120

Futures:
Buy CD Dec '06 MKT / SL/ 8864 / PT1/ 8943 / PT2/ 9011

STP – Stop order entry
MKT - Market order entry
LMT - Limit order entry
SL – Stop-loss point
PT1 – Profit target #1
PT2 – Profit target #2

Risk Disclosure: There is substantial risk involved in trading in the forex or futures market on a highly leveraged basis. No trader who is unfamiliar, either himself or together with his financial advisers, with such risks should consider trading in the forex or futures markets. Neither Black Swan Capital LLC nor Jack Crooks accept liability for any losses that may directly or indirectly result from any advice or opinion or information provided in this service, whether negligent or otherwise.

GBPUSD Daily

If the pound can breakout here, the first key resistance is 18873 daily basis...

GBPUSD Daily:
101906%20pound.pdf

Crude oil looking overold

101906%20crude.pdf

Dollar Index Daily Failed at Key Resistance

US$ Index Daily:
101906%20dollar%20index%20daily.pdf

EURUSD 90-min testing near-term resistance

EURUSD 90-min testing resistance at 12579:

101906%20eur%2090.pdf

UK retail sales show surprise dip

UK retail sales have posted a surprise drop in September, with experts blaming an increase in utility prices, less discounting and higher interest rates.

USDCAD 240-min Chart

$-CAD showing some divergence and could test near-term uptrend line...

USDCAD 240-min:
101806%20cad%20240%20min.pdf

Track Record as of 18 Oct 06

101806RS.pdf

Recommendation Issue #146 British pound

This is an intermediate-term recommendation, which assumes only a one lot position.

Black Swan Letter
Recommendation Issue: 146 Intermediate-term
Currency: British pound
18-Oct-06 7:35 a.m. EST/GMT 11:35

Forex: 18719 Futures: 18730

Forex:
Buy GBPUSD @ MKT / SL/ 18610 / PT1/ 18980

Futures:
Buy BP Dec '06 MKT / SL/ 18620 / PT1/ 18990

STP – Stop order entry
MKT - Market order entry
LMT - Limit order entry
SL – Stop-loss point
PT1 – Profit target #1
PT2 – Profit target #2

Risk Disclosure: There is substantial risk involved in trading in the forex or futures market on a highly leveraged basis. No trader who is unfamiliar, either himself or together with his financial advisers, with such risks should consider trading in the forex or futures markets. Neither Black Swan Capital LLC nor Jack Crooks accept liability for any losses that may directly or indirectly result from any advice or opinion or information provided in this service, whether negligent or otherwise.

Daily Chart Summary 18 Oct 06

101806%20BSL%20Daily%20Summary.pdf

Webinar Power Point and Comments

FX Webinar 17 Oct 06:
101706%20Mirus%20FX%20Webinar.ppt

We will be updating the key short-term charts (and some dailies) in the a.m. EST, before tomorrow’s release of CPI—it could be market moving.

Excellent price action in the pound today (daily chart posted), looks good on a daily basis. If the dollar is hit on CPI, it could be the way to play it.

GBPUSD Daily Setup to buy the pound?

The British pound is testing it's daily downtrend.

GBPUSD Daily:
101706%20gbp%20daily.pdf

GBPUSD Daily Setup to buy the pound?

The British pound is testing it's daily downtrend.

GBPUSD Daily:
101706%20gbp%20daily.pdf

Stopped out of Issue #145 euro

We were stopped-out of Issue #145 euro with a small loss

Positioning: Flat

USDJPY Daily

$-yen near-term trend break with fibs...

USDJPY Daily:
101706%20jpy%20daily.pdf

$-Mexican peso tested daily uptrend support

Commitment of Traders Report Currency Futures 10 Oct 2006

Comments:

Big-time shorts in yen and Swiss reflecting the carrry-trade game

Still net long pound, but some players switched sides since last week

Ditto euro; still net long but many switched sides (net 36, 528 long declined by 19,689)

Aussie still a high-yield favorite; net longs increased for the week

Total net short closing against dollar was 81,849 i.e. more dollar bullish

COT Report Summary:
COT%20101006.pdf

USDJPY Test of near-term support?

USDJPY 90-min near-term support at 11908:
101606%20jpy%2090-min.pdf

Stop-loss Adjustment Issue #145 euro

We recommend you tighten the stop-loss per Issue #145 euro to the following level:

Forex: 12560

Futures: 12604

Risk Disclosure: There is substantial risk involved in trading in the forex or futures market on a highly leveraged basis. No trader who is unfamiliar, either himself or together with his financial advisers, with such risks should consider trading in the forex or futures markets. Neither Black Swan Capital LLC nor Jack Crooks accept liability for any losses that may directly or indirectly result from any advice or opinion or information provided in this service, whether negligent or otherwise.

Weekly Summary 15 Oct 06

101506%20BSL%20Weekly%20Summary.pdf

New Zealand Dollar Investors Unfazed by Deficit, Slowing Growth

Oct. 16 (Bloomberg) -- Interest rates in New Zealand are proving too high to resist in the foreign exchange market where a widening current account deficit and signs of slowing growth should be standing in the way of the nation's world-beating currency.