Cable Update: Friday 30th November 2012 17:51hrs

Cable:

Unfortunately price has not remained below the averages and I have been stopped at break even

Chart below:

 

I am calling it a week.

I will post again when the next strategy trade has been identified

Have a great weekend

Regards.

Cable: Friday 30th November 2012 14:10hrs

GBP / USD

Cable is in a decending channel.

Chart below:

Price has retraced to the 61.8% Fibonacci level of the previou moved down and the top of the decending channel at 1.6050.

Chart below:

This afternoon price has broken down through the short term averages and I am looking for a short entry as shown below.

Levels and chart below:

1st Entry: 1.6020
2nd Entry: 1.6030

Averaged entry: 1.6025

Stop Loss: 1.6060

Target: 1.5850

I will update again if the trade is triggered.

Regards

EUR / AUD Update: Thursday 29th Novemeber 2012 04:46hrs

EUR / AUD

Price has reversed overnight.

With EUR strength across all the instruments, I have been stopped for a profit of 0.5%.

Chart below

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

Regards

EUR / AUD Update: Wednesday 28th November 2012 19:29hrs

EUR / AUD

Price is slowly making its way down towards the target.

The position is in profit by 1.8% at the time of writing.

Chart below:

The spread is large on this pair at 8 pips, therefore it makes it a little more difficult to push the stop down.

I have moved the stop to 1.2365 locking in 0.5% profit.

I will update again tomorrow morning, when I hope to be in a position to move the stop down a little further.

Have a pleasant evening

Regards

EUR / AUD Update: Wednesday 28th November 2012 04:35hrs

EUR / AUD

The trade has been triggered over night and price is starting its move back down towards the first support level at 1.2350.

I am short 1% as both orders were triggered

Chart below:

I have move the stop loss on the 2nd entry (1.2385) to break even.

Therefore, I still have risk of 0.5% on the position at the time of writing. (04:41hrs)

I will update again later this morning

Have a great day

Best reggards

EUR / AUD: Tuesday 27th November 2012 13:21hrs

EUR / AUD

This pair is in a medium term down trend.

Chart below:

 

Price has pulled back to the 38.2% Fibonacci level and has been unable to break through the resistance level at 1.2400

The averages have crossed to the down side and price has broken through the Weekly Central Pivot point.

I am looking for a short entry as detailed below

Levels and Chart below

1st Entry: 1.2380
2nd Entry: 1.2385

Averaged Entry: 1.23825

Stop Loss: 1.2410

1st Target: 1.2244 (5%)

2nd Target: 1.2175

I will update again should the trade be triggered.

Regards

AUD / JPY: 4% Profit has been banked

AUD / JPY

To Confirm, My Stop has been hit at 84.55 for a profit of 4%

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

Have a great evening

AUD / JPY UPDATE: Tuesday 20th November 2012 14:28hrs

AUD / JPY

Price has attempted to break the high from last night at 84.78 and has just not been able to make the move. Price is currently 84.63

Price action is slow and I have decided to push the stop loss up to 84.55 locking in 4% profit.

I have adjusted my limit order to 85.75 (7.4)

Should price make the move up I am happy to hold to the second target of 85.75

If price breaks back down, I have squeezed as much out of the position as I could.

Chart below:

 

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

 

Best Regards

 

 

AUD / JPY Update: Tuesday 20th November 2012 04:44hrs

AUD / JPY

There has been another high put in and price has been to within 19 pips of the target.

Currently price has pulled back a little to 84.56

This is 4% in profit at market.

I can not move the stop any higher at this point and I am happy to hold for the position to develop.

I will be stopped for a profit of 3% or Limited out for 5%.

Happy to Hold!!

Chart below

 

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

Regards

AUD / JPY Update: Monday 19th November 2012 17:09hrs

AUD / JPY

Price has made another new high and is within 40 pips of the target of 84.95.

The position is in profit by 4% at the time of writing.

Chart below:

As I mentioned this morning there is news out for AUD and JPY overnight tonight.

I have therefore moved the stop loss to 84.18.

This has locked in 3% minimum profit on this position

My target remains at 84.95 for 5%

Have a good evening

Regards

AUD / JPY Update: Monday 19th November 2012 04:45hrs

AUD / JPY:

Price has broken through the resistance level of 84.15.

Chart below:

 

I would hope to see price make its move to wards the 5% target of 84.95 within the next 24hours.

There is good news for this pair over the next 24hours.

News Below:

 

Lets hope the news provides continued weak JPY to drive the position to the target.

I have moved the stop to 83.80 locking in a minimum profit of 2%.

Chart below:

 

 

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

 

Have a great week!

 

Best Regards

 

 

AUD / JPY Update: Friday 16th November 2012 20:22hrs

AUD / JPY

Price remains supported and is banging its head on the resistance level I have spoken about previously (84.15)

Chart below:

 

I have moved the stop loss to 83.57 locking in 1.4%

I will hold the position over the weekend in the hope that the resistance level is broken and the 5% target is hit next week.

Hope you all have a great weekend.

Best Regards

AUD / JPY Update: Friday 16th November 2012 04:54hrs

AUD / JPY

Little has changed since my last post.

Price remains supported and at the top of yesterdays move up.

We still need the to break the resistance at 94.15, before make a final move to the target level of 94.95

Chart below:

There is no further AUD or JPY news out this week, so I am hoping the equity indices will help me out by making a move, dragging this position with it. I will use the averages to trail the stop loss higher.

The stop is now at 83.30. Locking in 1% profit

I will update again this evening or before if the next strategy trade is identified.

Regards

AUD / JPY Update: Thursday 15th November 2012 18:52hrs

AUD / JPY

Price has remained supported throughout the day.

Yesterdays high has been taken out and the position is in profit by 2.5% at the time of writing.

Price needs to make a new high through 84.15 before making its way up to 84.95 our 5% target.

If and when price gets to the 5% target, I may consider holding the position. There is nothing on the chart that is saying price will be rejected at this level (94.95) so it would make sense to hold for as long as is possible. However we need to break up through 84.15 first.

Chart below:

I have moved the stop loss to 83.25, however I will review this and may move it higher to lock in more profit before the end of the day.

Have a good evening

Regards

AUD / JPY Update: Thursday 15th November 2012 04:43hrs

AUD / JPY:

The trade has been triggered I am long from 83.15 and 83.00 with a total position size of 1%

Price has made it's move back up to yesterdays high.

I have moved the stop loss to break even, to eliminate the risk on this position.

Chart below:

 

The position is in profit by 1.6% at the time of writing.

My target is in place at 84.95 for 5%, however I will look to lock in profit as the trade develops over the next 24hrs.

I will update again on this position at the end of the day.

In the mean time I am looking for the next strategy trade and will post again when it has been identified.

Regards

AUD / JPY: Wednesday 14th November 2012 12:04hrs

AUD / JPY:

AUD / JPY has been trending up since may 2012.

Price has been trapped in a range at the top third of the last move up.

Chart below:

Price has recently broken out of the range.

Price has now produced a double bottom at 82.00.

Chart below:

 

Price has now broken up through the averages and I am looking for a long entry as shown below.

1st Entry: 83.15
2nd Entry: 83.00

Averaged Entry: 83.075

Stop Loss: 82.70

1st Target: 84.95 (5%)

2nd Target: 85.60 (6.6%)

Chart below:

 

I will update again should the trade be triggered

Regards

Cable Update: Tuesday 13th November 2012 15:00hrs

Cable:

Price has not held below the 60 minutes 20 ema and I have closed the trade for a small loss of 0.25%

Chart below:

I will update again when the next trade is identified.

Regards

Cable Update: Tuesday 13th November 2012 14:41hrs

Cable:

If price doesn't make the move down and it breaks the 60 minute 20ema to the upside, I don't want to be short. Therefore I have moved the stopped down to remove half the risk.

I am still short with 0.25% risk.

The stop loss is at 1.5885.

Chart below:

 

I will update again later this afternoon

Regards

Cable: Tuesday 13th Novemeber 2012 14:18hrs

Cable:

The pair is in a down trend

Chart below:

 

I am looking for short trading opertunities.

On the short term charts price has broken down and I am short 0.5% from 1.5872

I am looking for price to make a new low to enable me to remove the risk from this position.

Chart below:

 

I will update again later this afternoon

 

Regards

 

 

Silver: Monday 12th November 2012 14:26hrs

Silver:

Silver is in a mid term down trend.

Chart below:

Price has had trouble breaking higher through 32.75. There is a decent resistance level here showing that price may wish to continue down.

Chart below

 

 

Should price break down below the Central Weekly Pivot point, creating a new low on the short term charts. I will look to enter short.

 

Chart below.

 

 

 

 

There is a US bank holiday today and price action is limited so this could be later this evening or tomorrow.

 

I will update again if and when price makes its move.

 

Regards