Premium trades for 14 December 2011

Premium trade recommendations for 14 December 2011

Open trades:

1. Received 5Y OIS at 7.05% (current 6.97). Stop at cost and t/p at 6.95%
2. Sold NIFTY at average 4800 (current 4796). Add at 1.4860 with stop at 1.4880 and t/p at 4735
3. Short March 2012 dollars at 54.65 (first lot). Add second lot at 54.95 with stop at 55.30
4. Short NYMEX crude at 100. Add at 102.50. Stop at 103.50 and t/p at 97.50

Fresh initiations:

1. Sell Gold at 1655-1675 with stop at 1685 and t/p at 1595
2. Buy 10Y 8.79% at 8.50-8.55% with stop at 8.58% and t/p at 8.35%
3. Sell EUR/USD in two lots at 1.3075/1.3125 with stop at 1.3155 and t/p at 1.2925 (missed earlier entry at 1.3250 by 14 pips)
4. Buy USD/JPY in two lots at 77.75/77.50 with stop at 77.25 and t/p at 78.50

Closed out trades:

1. Long USD/INR entered at 51.35 exited at 52.35
2. Long USD/INR entered at 51.70 exited at 52.28
3. Paid 5Y OIS at 7.0% out at 7.05%
4. Short EUR/USD at 1.3400 out at 1.3295
5. Short NIFTY at 4900 out at 4755
6. Received Feb/Nov at 152 out at cost after seeing low of 137

Good luck....................Moses Harding