AUD / USD UPDATE Friday30th May 2014. 06:43hrs

AUD / USD:

Price retraced and my first order at 0.9280 was hit.

Price has now moved up to 0.9325.

I have removed the second order and move the stop loss on the open position to break even. 0.9280

This has eliminated the risk on the position.

I have a limit order at 0.9475 to take profit.

I will trail the stop up, locking in profit over the next day or so.

I will update again when I do so.

Chart below:

 

Namaste

 

MDT

AUD / USD: Thursday 29th May 2014. 13:06hrs

AUD / USD:

Aussie is in an up trend.
The market is held up by a strong level of support at 0.9200.

Chart below:

 

 

Price has moved away from the support and the averages have crossed to the upside.

 

I am looking for a long position in line with my ATC strategy.

 

Levels and chart below:

 

1st Entry: 0.9280

2nd entry: 0.9270

 

Averaged entry: 0.9275

 

Stop Loss: 0.9235

 

Target: 0.9475.

 

 

I will update again when I am moving the stops to eliminate the risk.

 

Namatse

 

MDT

 

AUD / USD: Wednesday 28th May 2014. 15:49hrs

AUD / USD:

A decent support level is being tested on Aussie.

If it fails to hold......

Chart below:

 

 

I have an order below the support at 0.9195

Gold: Wednesday 07/05/2014. 17:06hrs

Gold:

Gold has been in a downward channel for the past few weeks.

Chart below:

 

There is a clear support level at 1270 area but I am happy to short into this from the 1300 area.

 

I have a short order as detailed below.

 

Levels & chart below.

 

1st Entry: 1300.00

2nd Entry: 1303.00

 

Averaged Entry: 1301.5

 

Stop Loss: 1307.00

 

Target: 1274.00

 

 

Namaste

 

MDT

 

Cable GBP / USD: Friday 25th April 2014. 14:42hrs

GBP / USD:

Cable has been consolidation for the past week or so. Although price has been slowly drifting up there are some signs that a reversal may be around the corner.

From the chart below you can see that price has remained below the 1.6850 level and that there is a divergence between price making Higher highs and the oscillating indicators.

Chart below:

 

I would like to see price hold below below 1.6850 and make a move lower through 1.6750.

Once the lower low is in place the averages will have crossed over and I will look for a short on the pull back.

 

Chart below:

 

 

I will update again should price break down and I decide to enter a position.

 

Have a great weekend.

 

Namaste

 

MDT

 

 

 

EUR / JPY Update: 17th April 2014. 11:52hrs

EUR / JPY:

EJ has retraced as expected and made a nice move higher to 141.50.

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

The chart is showing a cheeky bullish 15 minute cross, therefore I may add in when the pullback to the averages takes place.

I do have in the back of my mind the Easter break and I may just hold what I have over the weekend.

If I do decide to add in, I will post the levels.

Chart below:

 

 

Have a great long weekend.

 

Namaste

 

MDT

EUR / JPY: Wednesday 16th April 2014: 11:05hrs

EUR / JPY:

EJ is in a bit of a range.

Chart below:

 

 

However, Following the move last night and the immediate Higher High I feel there is a decent opportunity using the ATC strategy.

 

I am looking for a long position as detailed below.

 

Levels and Chart below:

 

Entry: 141.05

 

Stop Loss: 140.75

 

Target: 142.55 (5%)

 

 

 

I will update again should the position be opened.

 

Namaste

 

MDT