EUR / USD Update: 09/01/13 04:44hrs

EUR / USD:

Price has retraced to the area I had identified.

My first order has been triggered, however my second order was miss by the spread.

I am short from 1.3085 with 0.5% exposure.

I have moved the stop loss to break even removing the risk on this position.

Chart below:

I have updated my target to 1.2910.

I will post again later today with an update on this position.

I will also post when the next strategy trade has been identified.

Regards

Mad Dog

EUR / USD: 08/01/13 12:42hrs

EUR / USD:

This currency pair is in a long term down trend.

Chart below:

There is a clear resistance level in the form of a double top at 1.3300

Chart below

 

Price has broken down through the previous support at 1.3150

price has now retraced to the 50% Fibonacci Level of this move down.

I am looking for a short entry.

Chart below

There is a small channel developing on the lower time frames.

Should this level be breached, I will look for a small pull back and enter a short position.

Levels and Chart below:

1st Entry: 1.3085
2nd Entry:1.3095

Averaged Entry: 1.3090

Stop Loss: 1.3130

Target: 1.2890

I will update again should the trade be triggered.

Regards

Mad Dog

Sterling / Swiss Update: 08/01/13. 10:45hrs

Sterling Swiss:

Price has retraced to a high of 1.4851.

My first order was at 1.4855.

Price has now made a new low without me.

I have removed my orders.

Chart below:

 

I will post again when the next strategy trade has been identified.

Regards

Mad Dog

Sterling / Swiss: 07/01/2013. 18:10hrs

Sterling Swiss:

This pair is in a down trend.

Chart below:



Price has recently pull back allowing for a short position to be considered with a good risk reward.

Chart below:




Price has broken down through the averages and I am looking for a short entry as detailed below.

Levels and Chart below:

1st Entry: 1.4855
2nd Entry: 1.4865

Averaged entry: 1.4860

Stop Loss: 1.4890

Target: 1.4710



I will update again if and when the trade is triggered.

Regards

Mad Dog

EUR / USD Update: 02.01.2013 17:13 hrs

EUR / USD:

Price has been unable to make a new high and I have been stopped at Break Even

Should price make a new low I will be looking to enter a short position with the longer term daily trend.

Chart below

I will update again when the next strategy trade has been identified.

Regards

Mad Dog

EUR / USD Update: 02.03.2013 12:41hrs

EUR / USD:

Price has pulled back to my entry levels.

My 1st order at 1.3240 has been triggered.

My 2nd Order at 1.3225 has NOT been triggered and I have removed the order.

I am long from 1.3240 with 0.5% exposure to the market.

Price has made a move to towards the first level of resistance at 1.3295

I have moved the stop loss to break even, eliminating the risk on the position.

Chart below:

 

I have updated my limit order to take a profit at 1.3465 (2.5%)

 

I will update again this evening

 

Have a good day

 

Regards

 

Mad Dog

EUR / USD: 02/01/2013. 09:45hrs

EUR / USD:

This pair is in a mid term up trend.

Chart below

Price remains supported above the averages and pivot points.

I am looking for a long entry.

Overnight price has made an immediate higher high and during the London session has begun to pull back.

My orders and chart are below:

1st Entry: 1.3240
2nd Entry: 1.3225

Averaged Entry 1.32325

Stop Loss: 1.3195

1st Target: 1.3430 (5%)
2nd Target: 1.3700

I will update again should the trade be triggered.

Regards