CAD / JPY Update: Thursday 18th October 2012 18:06hrs

CAD / JPY

Price has not retraced to give an entry with good risk reward.

There is a short term cross against me and for that reason I have removed my order to go long.

If price takes off tomorrow I will attempt a long with better risk reward.

Chart below.

 

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

Regards

CAD / JPY UPdate: Thursday 18th October 2012 04:55hrs

CAD / JPY

Price has not pulled back enough to allow the entry over night.

The averages have progressed higher as has the Daily pivot point.

I have therefore adjusted my entry and stop levels.

Chart and Levels below.

1st Entry: 80.50
2nd Entry: 80.35

Averaged Entry: 80.425

Stop Loss: 80.10

Target: 82.10

 

I will update again when the trade is triggered,

 

Regards

 

 

CAD / JPY: Wednesday 17th October 2012 19:13hrs

CAD / JPY.

CAD / JPY is in a supported market. Price has been making higher highs and higher lows since the beginning of June 2012.

Price has today broken back above the averages after a small pullback.

Chart below.

I am looking for a long entry on a pull back to the averages.

The pull back has not begun just yet but my provisional levels are detailed below.

Levels and chart below:

1st Entry: 80.30
2nd Entry: 80.15

Averaged Entry: 80.225

Stop Loss: 79.80

Target: 82.325 (5%)

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

Regards

NZD / USD Update: Monday 15th October 2012 15:01hrs

NZD / USD:

Price has been to within 1.2 pips of my first order at 0.8165.

Price has moved 20 pips lower with picking up my order.

I have removed my orders for the time being as I would expect to see a new low from here.

Chart below:

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

Regards

NZD / USD Monday 15th October 2012 11:16hrs

NZD / USD:

Price has recently been making lower highs and lower lows.
On the 4hr chart there is a double top formation.
Price has also dipped below the Daily 20 ema.

Chart below:

 

 

 

After the most recent move down, the averages are in order for a short trade.

I am looking for a pull back to the averages to enter a short position as detailed below.

Levels and chart below:

1st Entry: 0.8165
2nd Entry: 0.8170

Average entry: 0.81675

Stop loss: 0.8195

Target: 0.8030

I will update again if and when the orders are triggered.

Regards

AUD / JPY Update: Tuesday 9th October 2012 14:50hrs

AUD / JPY.

Price has drifted around today, this has meant price was unable to force a new low.

I have been stopped at breakeven on this position.

Nothing ventured.....

Chart below.

 

I will update again when the next strategy trade is identified.

Have a good afternoon

Regards

AUD / JPY Update: Tuesday 9th October 2012 10:43hrs

AUD / JPY:

Price has made it move down and I have moved the stop to break even, eliminating the risk on this position.

Chart below:

I will update later this afternoon if price moves down towards the target and I am able to lock in some profit.

Regards