EUR / USD Update: Wednesday 24th October 2012 11:43hrs

EUR / USD

Price has made it return to the resistance level as expected.

My order was at 1.3000. The high of the pull back was at 1.29967.

Price has now made a 70 pip move without picking up my first order.

I have missed this trade by 3.7 pips.

I have removed my orders.

Chart below:

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

BUGGER!!!!!!!

EUR / USD Update: Tuesday 2rd October 2012 14:24hrs

EUR / USD.

The USD dollar has remained strong and push EU lower.

With out a decent pull back the risk reward is not acceptable.

I have revised my order levels as shoen below.

Levels and chart below:

1st Entry: 1.3000
2nd Entry: 1.3020

Averaged Entry: 1.3010

Stop Loss: 1.3060

Target: 1.2760 (5%)

 I will update again later this afternoon evening.

Regards

EUR / USD: Tuesday 23rd October 2012 12:36hrs

EUR / USD

EUR / USD is in a long term down trend. Price has retraced to the 38.2% Fibonacci level.

Chart below:

At the 38.2 Fibonacci retracement level price has formed a Double Top at 1.3150

Chart below:

Price has now broken down through the averages and pivot points allowing a short position to be considered.

My entry Levels and chart are below.

1st Entry: 1.3040
2nd Entry: 1.3050

Averaged Entry: 1.3045

Stop Loss: 1.3070

1st Target: 1.2920 (5%)
2nd Target: 1.2860 (7.4%) Fibonacci extension level

Chart below:

I will update again should the trade be triggered.

Regards

Cable Update: Friday 19th october 2012 17:52

Cable.

Price tried to pull back and came within 20 pips of my first order, however this did not offer a great risk reward.

Price has now made its move down to 1.6000 without me and I have removed my orders.

Chart below:

 

Have a good weekend

 

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

 

Regards

 

 

Cable: Friday 19th October 2012 04:41hrs

Cable:

Cable is in a longer term down trend.
Price has retraced back the 50% Fibonacci level and has been going sideways August.

Chart below:

There is a clear resistance level at 1.6300 and a sloping trend line above.

I am looking to enter short.

Chart below:

 

Yesterday evening and over night price has made a move down through the averages and the pivot points and a short set up has presented itself.

 

My levels and chart are below.

 

1st Entry: 1.6085

2nd Entry: 1.6105

 

Average Entry: 1.6095

 

Stop Loss: 1.6125

 

1st Target: 1.5990 (3% & previous support)

 

2nd Target: 1.5830 (8.5% & Fibonacci extension level)

 

 

 

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

 

Have a good day.

 

Regards

 

 

 

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

AUD / JPY Update: Tuesday 9th October 2012 04:48hrs

AUD / JPY

I have been triggered in to the trade and I am short with 1% risk.

Price is still retracing at the moment, therefore the stop remains at 80.40.

I am looking for a break of 79.70, which will allow me to move the stop loss to break even.

Chart below:

I will update again later as the position develops.

Have a good morning.

Regards

AUD / YEN Monday 8th October 2012 18:11hrs

AUD / JPY

This pair is in a down trend on a daily time frame.

Price has pulled back to the 61.8% Fibonacci level where is has stalled and put in a lower high or lower double top around 83.50 to 83.00 area.

Chart below:

 

Price is making lower highs and lower lows.
Price has now broken back down through the averages and pivot points and I am looking to enter short on this pull back.

Chart below:

 

 

 

My entry levels and chart are below.

 

1st Entry 79.95

2nd Entry: 80.15

 

Average entry level: 80.05

 

Stop Loss: 80.40

 

Target: 78.30 (5%)

 

Chart: