EUR / USD UPDATE: 20/02/13 16:18HRS

EUR / USD

Price has not been able to remain above the averages and I have been stopped for -1%.

Chart below:

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

Regards

EUR / USD: 20/02/13 06:35HRS

EUR / USD:

EUR / USD is in an uptrend

Chart below:

Price is supported by the trend line and by the 23.6 Fibonacci level from the last thrust move up.

Chart below:

I am looking for a long entry. My levels and chart showing the levels are below.

1st Entry: 1.3395
2nd Entry: 1.3385

Averaged Entry: 1.3390

Stop Loss: 1.3360

1st Target: 1.3540 (5%)
2nd Target: 1.3600 (7% Fibonacci extension and previous high)

Chart below:

 

I will update again should the trade be triggered.

 

Regards

 

AUD / USD UPDATE: 19/02/13 05:28HRS

AUD / USD:

I have been stopped for a profit of 5 pips.

Price has moved back above the averages and I no longer wish to be short.

Chart below:

 

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

Regards

AUD / USD UPDATE: 18/02/13 19:21HRS

AUD / USD:

Price has made a small move down, allowing me to move the stop loss to break even.

There is data due to be released over night for AUD, so lets see if this can move price down with some momentum.

Chart below:

 

I will update again tomorrow morning.

Regards

AUD / USD UPDATE: 18/02/13 15.50HRS

AUD / USD:

My first order has been hit and I am short from 1.0310 with 0.5% exposure to the market.

Price has moved down a little, I have removed my second order and lowered the stop loss to 1.0325

I have 0.25% risk at the time of writing.

I will look to move the stop to break even before the end of the day.

Chart below:

I will update again before the the end of the day

Regards

AUD / USD: 18/02/13 07:22 HRS

AUD / USD:

Aussie USD is in a medium term down trend:

Chart below:

 

Price pulled back at the end of last week allowing short positions to be consider on the next break down.

 

Price has broken down over night and I have 2 entries and detailed below.

 

Levels and Chart below:

 

1st Entry: 1.0310

2nd Entry: 1.0320

 

Averaged Entry: 1.0315

 

Stop Loss: 1.0345

 

1st Target: 1.0230 (2.8% & previous low)

2nd Target: 1.0165 (5%)

 

 

I will update again shoul the trade be triggered.

 

Reagrds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR / USD UPDATE: 15/02/13 04:45hrs

EUR / USD:

My orders have not been triggered.

Price has not retraced to the required levels to allow an entry with good risk reward.
It's just not my style to jump in just for the sake of it.
I will remain patient and wait for the patterns to develop.

I have removed my orders and will look for a trade with better risk reward.

Chart below:

 

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

 

Have a good day.

 

Regards