CAD / CHF Update: Friday 31st August 2012 16:28hrs

CAD / CHF

I have been stopped at break even on this position.

Chart below:

 

In hindsight, maybe I should have taken the 2.5% that was available just before the news at 13:30hrs.

Greedy? Maybe, but I didn't go into the trade looking for 2.5% so I held and followed my trade plan.

I thought the CAD GDP figure would be worse than forecast and it was better.

Hindsight is great and if I had banked the 2.5% and price was down at my 5% target I would be just as disappointed.

I end the week flat and I am happy to see the back of August.

I will update again when I find the next strategy trade.

Hope you all have a great weekend.

Best Regards

CAD / CHF Update: Friday 31st August 2012 10:02hrs

CAD / CHF

Price has made a move down and the position is in profit by 1%.

I have moved the stop loss to break even and eliminated the risk on the trade.

News is out at 13:30 hrs GMT as previously mentioned

Bernanke is speaking at 15:00 hrs GMT with Lagarde also at Jackson Hole I am hoping for some volume in a very quiet market.

If the market moves in my favour my target is 0.9545 for a 5% profit.

Chart below:

Regards

CAD / CHF Update: Friday 31st August 2012 08:08hrs

CAD / CHF

Good morning,

I remain short CAD / CHF with 1% risk on this position.

Price action has remained slow and I think it will remain so until the CAD GDP data is released at 13:30 hrs (GMT) today.

If it is possible to move the stop loss before the data announcement then I will, otherwise I will remain short with my stop loss at 0.9695.

Chart below:

 

 

I will update again later this afternoon.

 

Have a good day.

 

Regards

 

 

CAD / CHF Update: Thursday 30th August 2012 18:55hrs

CAD / CHF

Both orders have been triggered and I am short with 1% risk.

Price action is slow and it is looking as though I will have to hold this over night.

There is data out in the Asian session, however it is for JPY and all low impact.

The stochastic is at an overbought level and rolling over.

I will keep an eye on this until around 10pm and if possible move the stop down.

I will update again tomorrow morning.

Chart below:

 

Have a good evening

Regards

CAD / CHF Thursday 30th August 2012 12:19hrs

CAD / CHF

This pair has been in a mid term down trend and has made a new low.

Chart below:

Price has retraced to the 38.2% Fibonacci Level which overlaps with the Weekly Central Pivot Point. Price has formed a double top here and broken back down though the averages.

Chart Below:

I am looking to take a short position at the following levels as and when price pulls back.

Chart and Entry levels below:

1st Entry: 0.9665

2nd Entry: 0.9675

Average entry: 0.9670

Stop Loss: 0.9695

Target: 0.9545 (5%)

I will update again when the trade is triggered.

Regards

AUD / USD Update: Thursday 23rd August 2012 09:45hrs

AUD / USD:

I have been triggered into the first order at 1.0495.

I have moved the stop loss to break even to eliminate the risk as the market is low on Volume and I don't want to be stopped out on a silly spike.

Chart below

 

This trade needs to make a new high from here or it will stop at break even.

Regards

AUD / USD: Thursday 23rd August 2012 07:32hrs

AUD / USD:

This currency pair is in an up trend.

Chart below:

 

 

Price has recently pulled back to the trend line support and formed a double bottom.

 

Following yesterdays FMOC statement and the subsequent wave of USD weakness price has broken up through the averages and made an immediate new high.

 

I am looking for a long entry on a pull back to the 50% Fibonacci level, the Daily pivot and the 4hr 20ema. I would also look for the stochastic to be in an over sold position.

 

Price remains choppy on the low volumes, so I will be looking for a bounce at the averages and to move the stop up as soon as possible.

 

Levels and chart below

1st Entry: 1.0495

2nd Entry: 1.0480

Average entry: 1.0487.5

Stop loss: 1.0455

Target: 1.0650 (5%)

Regards

EUR / USD: Wednesday 15th August 2012 06:48hrs

EUR / USD

This currency pair is in a longer term down trend.

With recent USD weakness price has been able to pull back to the 61.8% Fibonacci level. at 1.2440

Chart below:

This has allowed for short entry's to be considered.

Price is below the Central Daily Pivot Point and below the mid term averages.

A level has been identified on the short term charts that if broken, would offer a good short trade with good risk reward.

There is a medium term trend line below that could offer some support to this market, however if and when price reaches it I will have moved the stop loss to eliminate the risk.

I am looking for an entry as shown below.

Entry 1.2315

Stop loss: 1.2345

Target: 1.2165

If price breaks up and makes a new high before my trade is triggered, I will wait for the next set up short with the trend.

Chart below:

 

Regards

EUR / JPY Update 13th August 2012 13:58hrs

EJ.

With the lack of momentum in the market, I have been stopped for a profit of 20 pips on EJ

Chart below.

 

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

Regards

EUR / JPY Update: Monday 13th August 2012 07:19hrs

EJ:

Good morning,

Price has not really moved since my last post.

I remain short with 0.25% profit locked in on this position.

At the time of writing price is 96.07 which is just about 1% in profit.

Chart below:

There is limited data out today so I will have to be patient.

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

Regards

EUR / USD Update: Friday 10th August 2012 17:35hrs

EJ:

Good evening.

Price has continued to move down during both UK and US trading sessions. As mentioned in my last post the market is slow as its holiday season, however price has made a new low at 95.70 which is 120 pips from my entry at 96.90.

I have moved down the stop loss to lock in 0.25% profit.

I am happy to hold the position over the weekend to see if price can make its way down to the target at 94.65 on Monday or Tuesday next week.

Chart below:

 

I hope you have a great weekend and I will update again on Monday morning.

Best Regards

EUR / JPY Update: Friday 10th August 2012 09:50hrs

EJ:

The trade is moving in the right direction. Price has made a new low this morning and is now in profit by 0.5%.

The stop remains at break even for now, however I will move it down before the close of business this evening to lock in as much profit as the chart will allow.

Chart below:

The market is not doing a great deal at the moment, therefore I expect it may take a few days to get to my target.

I have removed my order on EUR / USD as the market didn't offer an entry with good risk reward.

Regards

EUR /JPY Update: Thursday 9th August 2012 16:42hrs

EJ.

The first order has been triggered and I am short from 96.90 (0.5% Risk)

Price has made a move down and I have moved the stop loss to break even to eliminate the risk.

Chart below:

 

I have a revised target at 94.65 for 2.5%

I will update again tomorrow.

Time for a cheeky BBQ I think.....

Best Regards

EUR/ JPY: Thursday 9th August 2012 12:34hrs

EUR / JPY

EJ is in a long term down trend. Price has recently being pulling back and has stalled at the 50% Fibonacci level 97.80.

Chart below:

 

Price has formed a double top and has broken back down through the averages. This has allowed a short entry on the next pull back to the averages.

Levels and chart below:

1st Entry: 96.90

2nd Entry: 97.00

Averaged Entry: 96.95

Stop loss: 97.35

Target: 94.95 (5% and a previous reversal level)

Again the levels may change slightly, if they do, I will update again.

Best Regards

EUR / USD Thursday 9th August 2012 12:18hrs

EUR / USD

Euro / USD is in a long term down trend, Price has had a pull back over the past week.
Price has stalled at the 61.8% Fibonacci level and formed a double top 1. 2440.

Chart below:

Following the double top, price has broken down through the averages and pivot points and I am looking for a short entry when price pulls back.

Chart and levels below:

1st Entry: 1.2355

2nd Entry: 1.2365

Averaged Entry: 1.2360

Stop loss: 1.2395

Target: 1.2185 (5% and a previous reversal point)

The levels may be adjusted slightly as the day progresses. If they do I will update the trade accordingly.

Hope you can enjoy some of the weather this weekend.

Regards

EUR / USD Update: Thursday 2nd August 2012 14:17hrs

EUR / USD

Looks like I have been stopped out on the news spike.

Price has now made a new low and the trade would be in profit by almost 1%

Chart below:

AUGUST, my least favourite month!!!!

Regards

EUR / USD Update: Thursday 2nd August 2012 12:55hrs

EUR / USD

Price has been unable to hold below the averages and I have been stopped for -0.5%

Chart below:

 

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

Regards

EUR/ USD: Thursday 2nd August 2012 07:05hrs

EUR / USD:

This pair is in a down trend.

Chart below:

 

Price has retraced to the 50% Fibonacci level of the last swing move down. On the back of the Fed announcement last night, price has broken back through the averages and presented an opportunity to enter short with the trend.

I have a short order as detailed below.

Entry: 1.2255

Stop loss: 1.2295

Target: 1.2055 (2.5% and previous support level)

Chart below:

 

I will update again should the trade be triggered.

Best regards