AUD / USD UPDATE: 31.01.2013 04.45HRS

AUD / USD:

Price has retraced to the averages as expected.

However my orders were to conservative and the high of the pull back was at 1.0435. (10 pips from my first order)

As you will see from the chart below, the stochastic didn't get to the overbought region, so the pull back was weak. As you would imagine this is good as I am selling. It is not good when it happens at 2AM and I am unable to adjust my orders to get into the trade.

My orders has not been hit and I have removed them.

See chart below

 

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

 

Regards

 

 

AUD / USD: 30.01.2013 10.56HRS

AUD / USD:

This pair has been in a mid term down trend.

Chart below:

 

As you can see price has pulled back to the 50% Fibonacci level where it has found a resistance level at 1.0475

 

Price has broken down this morning and I am looking to enter short ofter a small pull back to the averages.

 

Levels and Chart below:

 

1st Entry: 1.0445

2nd Entry: 1.0450

 

Averaged entry: 1.0447

 

Stop Loss: 1.0470

 

Target: 1.0332 (5%)

 

 

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

 

Regards

 

 

 

GBP /AUD UPDATE: 30.01.2013 04:51HRS

GBP / AUD:

I have been stopped at break even.

My stop loss was at 1.5069.

The spread has widened over night (the quiet period) and it has taken me out.

The high from last night on the chart is 1.5063

Chart below:

 

Price is now down at 1.5035 in profit by 0.5%, not going to change the world just yet, however it was a good position.

Chart below:

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

One of these will go soon enough :-)

Regards

GBP / AUD UPDATE: 29/01/2013 17:21HRS

GBP / AUD:

Price has pulled back and my first order at 1.5070 has been hit.

I had adjusted the levels slightly before the trade was triggered, therefore the initial stop loss was at 1.5110.

I am now short with 0.5% exposure and a 40 point stop loss.

Price has made its move away from the entry and I have been able to move the stop loss to break even eliminating the risk on the position.

Chart below:

 

I will hold the position until either my limit or stop loss order is hit.

 

I will update again tomorrow morning.

 

Have a good evening

 

Regards

 

 

GBP / AUD:29.01.2013 10:47HRS

GBP / AUD:

This pair is in a down trend,with price is making lower highs and lower lows.

Chart below:

In the past 24hrs price has broken down through the averages and pivot points and I am looking for a short trade as detailed below

Levels and Chart below:

1st Entry: 1.5070
2nd Entry: 1.5090

Averaged Entry: 1.5080

Stop Loss: 1.5130

1st Target: 1.4830 (5%)
2nd Target: 1.4730 (Previous low & 7%)

 

 

I will update again should my orders be filled.

 

Regards

 

 

EUR / JPY & USD / JPY Update: 24.01.2013 17.34

EUR / JPY & USD JPY

Price has not pulled back to allow and entry on either of the trades.

I have removed my orders

Charts below:

EJ

 

 

UJ

 

 

Looks like I was to late on this one.

 

Looking back the best time to enter was at around 04:30 am.

 

I was in the shower!!!

 

Will post again when the next strategy trade has set up

 

Regards

 

EUR / JPY 24.01.2013 11:05hrs

EUR / JPY:

EJ is in an up trend

Chart below:

Price has pulled back over recent days allowing an entry with good risk reward.

Price has today broken up through the averages and I have 2 orders as detailed below.

Levels and Chart below:

1st Entry: 118.60
2nd Entry:118.50

Averaged entry: 118.55

Stop Loss: 118.25

Target: 120.05

 

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

 

Regards

 

 

USD / JPY 24.01.2013 10:51hrs

USD / JPY

This pair is in an upward trend.

Chart below

 

Price has recently pulled back from the highs and formed a nice support level at 88.00.

Price has now broken back up through the averages and I am looking for a long position.

Levels and chart below:

1st Entry: 89.10
2nd Entry: 89.00

Averaged Entry: 89.05

Stop Loss: 88.75

Target: 90.55 (5%)

 

I will update again should the trade be triggered.

Regards

EUR / USD Update: 17.01.13 18:17hrs

EUR / USD:

Price was unable to pull back enough to offer a good risk reward.

As you can see the stochastic did not even get to oversold before price made its move back up.

The low was 1.3333 my order was at 1.3320.

I have removed my orders.

Chart below:

 

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

Regards

EUR / USD: 17.01.2013 13:48hrs

EUR / USD:

EUR / USD is in a nice up trend, making higher highs and higher lows.

Chart below:

Price has recently pulled back to a previous support level and the 38.2% Fibonacci retracement.

Chart below:

 

Price has today broken up through the averages and a Long trade has presented itself.

 

I have 2 orders to buy EUR / USD as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.3320

2nd Entry: 1.3305

 

Averaged Entry: 1.3312

 

Stop Loss: 1.3285

 

Target: 1.3447 (5%)

 

 

 

I will update again should the trade be triggered.

 

Regards

 

 

 

AUD / JPY Update: 17.01.13 10:54hrs

AUD / JPY:

After being in profit by 2% I have been stopped out for 15 pips profit (0.33%)

Chart below:

 

Never mind, plenty more trades setting up.

Will be in touch shortly with some long trades.

Have a good day.

Regards

AUD / JPY Update: 17.01.13 04:36hrs

AUD / JPY:

The Australian data for Employment change was worse than expected.

0:30

AUD

Employment Change

-5.5K

2.3K

17.1K

Price has made it's move down towards yesterdays low.

I have moved the stop loss, to lock in a small profit of 15 pips.

The stop loss for both positions is now 93.40

The price at the time of writing is 92.55. This means the trade is currently in profit by 2%

Chart below:

 

My target price of 91.25 remains and I am hopeful that this can be hit over the next few days.

I will look to lock in more profit again this evening.

I will update you again should the target be hit or if I move the stop loss again.

I am looking for the next strategy trade and will update once it has been identified.

Regards

AUD / JPY Update: 16.01.13 18:46hrs

AUD / JPY:

Price has pulled back as expected.

My orders have been triggered and I am short from 93.45 (0.5% risk) and 93.55 (0.5%)

Averaged in at 93.50 with total risk of 1%

Chart below:

 

Price has made a small move down and has been as low as 93.26, however that was not enough for me to move the stop loss and allow the trade enough room to breath.

There is data due to be released later tonight from Australia, in the form of Unemployment rate and Employment Change.

I am hoping that this data will push the price down and allow me to remove the risk.

I will update again first thing tomorrow morning.

Have a great evening

Regards

AUD / JPY: 16.01.2013 11:48hrs

AUD / JPY:

AJ has a double top in play.

Price broke down through the averages and the pivot points yesterday and I am looking for a short trade when price pulls back, as detailed below:

1st Entry: 93.45
2nd Entry: 94.55

Averaged entry: 93.50

Stop Loss: 93.95

Target: 91.25 (5) and previous support level

Chart below:

 

 

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

 

Regards

 

 

NZD / USD Update: 15.01.13 18:08hrs

NZD / USD:

There has been little momentum behind the break and I have decide to remove the orders for now.
I will take another look when price makes up its mind one way or another.

Chart below:

 

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

 

Regards

 

 

GBP / AUD Update: 15.01.13 13:41

GBP / AUD:

Price made to the previous low but was unable to progress.

After being in profit by 1% I have been stopped for a small profit of 10 pips.

Chart below:

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

Regards

NZD / USD: 15.01.13 13:06hrs

NZD / USD:

This pair has a significant Resistance level at 0.8470.
Price has come away from this level 3 times and it has not been broken for over a year.

Chart below:

 

 

On the medium term charts price has begun to make lower lows and lower highs.

 

I am looking for a short trade.

 

Chart below:

 

 

 

Price has made a short term double top (Green Line)

 

Price has now broken through support (Red Line)

 

I have two orders to short NZD / USD as shown below

 

Levels and chart below

 

1st Entry: 0.8395

2nd Entry: 0.8405

 

Averaged Entry: 0.8400

 

Stop Loss: 0.8425

 

Target: 0.8275 (5%)

 

 

I will update again if the trade is triggered

 

Regards

 

 

GBP / AUD Update: 15.01.13 04:46

GBP / AUD:

Price has pulled back and collected both my orders.

I am short from 1.5240 and 1.5255 with a total risk of 1%

At the time of writing price is just begining to make its move down, however the spread is a large one at 6.5 pips.

Therefore I am unable to move the stop to break even just yet.

Chart below:

 

I will update again later this morning.

 

Have a great day

 

Regards

 

 

Cable Update: 15.01.13 04.45hrs

Cable:

Price has pulled back over night, however it has not pulled back enough to allow an entry with sufficient risk reward to make the trade viable.

The high of the pull back was at 1.60925. Just 2.5 pips from my first entry.

Price has now made it's move down by 20 pips and I have removed my orders to short cable.

Chart below:

 

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

 

Regards

 

 

GBP / AUD 14.01.2013 13:39hrs

GBP / AUD:

This pair is in a longer term down trend.

Chart below:

Price has recently pulled back allowing short entries to be considered.

This morning price has broken down through the averages and I am looking to enter short on a pull back as detailed below.

Levels and Chart below.

1st Entry: 1.5240
2nd Entry: 1.5255

Averaged Entry: 1.5247

Stop Loss: 1.5285

Target: 1.5055

 

I will update again should the trade be triggered.

 

Regards

 

Cable: 14.01.2013 12:15hrs

Cable:

Cable has been unable to make a move higher and on the shorter term charts price is making lower lows and lower highs.

There is a clear triple top at 1.6300 and this morning price has broken down through the averages.

Chart below:

On the lower time frames you can see that price has made a move down and then pulled back to the 50% Fibonacci level before braking through the averages this morning

Chart below:

 

I have two orders to short cable as detailed below.

 

Chart and levels below:

 

1st Entry: 1.6095

2nd Entry: 1.6110

 

Averaged entry: 1.6107

 

Stop Loss: 1.6140

 

Target: 1.5940 (5%)

 

 

I will update again should the trade be triggered.

 

Regards

 

 

Cable Update: 11/01/2013 20:22hrs

Cable.

After an initial move of 60 pips into profit price has only drifted and I have been stopped at 1.6120 for a profit of 10 pips.

Chart below

I will start again on Monday.

Have a good weekend

Regards

Cable Update: 11.01.2013 14:41hrs

Cable:

Price has retraced to the Daily Pivot Point and my first order has been triggered at 1.6110.

I am Long Cable from 1.6110 with 0.25% exposure.

I have removed the second order.

There is data due to be released at 13:30hrs from the USA in the form of US Trade Balance.

Therefore with the new announcement only 45minutes away, I have moved the stop Loss to break even eliminating the risk on this position.

Chart below:

 

Have a good afternoon

 

Regards

 

 

Cable Update: 11/01/13.04:44hrs

Cable:

Price has yet to pull back.

I have adjusted my orders as shown below.

1st Entry: 1.6110
2nd Entry: 1.6090

Averaged Entry: 1.6100

Stop Loss: 1.6060

Target: 1.6300

Chart below

 

I will update again if the trade is triggered.

Have a great day

Regards

Cable: 10.01.13 15:00hrs

Cable:

Cable is in an ascending wedge.

Chart below:

I am looking for a long trade.

Price has broken up through the averages and I have two orders to buy cable as detailed below.

Levels and Chart below:

1st Entry: 1.6065
2nd Entry: 1.6055

Averaged Entry: 1.6060

Stop Loss: 1.6025

Target: 1.6235 (5%)

 

 

I will update again if the trade is triggered.

 

Regards

 

EUR / USD Update: 09/01/13 14:39hrs

EUR / USD:

Price has messed around for most of the morning.

During this range bound period I have been stopped at break even.

Price has since made its move down by 40 odd pips. Nothing to exciting but still a profit of 1.5%

I could have held the risk on the position, but i just wasn't prepared to be stopped out for -1% in a slow market.

Chart below:

 

 

I am a tad gutted as my entries were perfect with today's high at 1.30954.

However I would be more gutted to get stopped on a position that was doing nothing and had become only a 50 - 50 shot at 5am.

For the trade to be viable I need a push away from the entry as soon as possible.

I held the risk over night and wasn't happy holding into The London Open.

 

My Bad....

 

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

 

Regards

EUR / USD Update: 09/01/13 04:44hrs

EUR / USD:

Price has retraced to the area I had identified.

My first order has been triggered, however my second order was miss by the spread.

I am short from 1.3085 with 0.5% exposure.

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

Chart below:

I have updated my target to 1.2910.

I will post again later today with an update on this position.

I will also post when the next strategy trade has been identified.

Regards

Mad Dog

EUR / USD: 08/01/13 12:42hrs

EUR / USD:

This currency pair is in a long term down trend.

Chart below:

There is a clear resistance level in the form of a double top at 1.3300

Chart below

 

Price has broken down through the previous support at 1.3150

price has now retraced to the 50% Fibonacci Level of this move down.

I am looking for a short entry.

Chart below

There is a small channel developing on the lower time frames.

Should this level be breached, I will look for a small pull back and enter a short position.

Levels and Chart below:

1st Entry: 1.3085
2nd Entry:1.3095

Averaged Entry: 1.3090

Stop Loss: 1.3130

Target: 1.2890

I will update again should the trade be triggered.

Regards

Mad Dog

Sterling / Swiss Update: 08/01/13. 10:45hrs

Sterling Swiss:

Price has retraced to a high of 1.4851.

My first order was at 1.4855.

Price has now made a new low without me.

I have removed my orders.

Chart below:

 

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

Regards

Mad Dog

Sterling / Swiss: 07/01/2013. 18:10hrs

Sterling Swiss:

This pair is in a down trend.

Chart below:



Price has recently pull back allowing for a short position to be considered with a good risk reward.

Chart below:




Price has broken down through the averages and I am looking for a short entry as detailed below.

Levels and Chart below:

1st Entry: 1.4855
2nd Entry: 1.4865

Averaged entry: 1.4860

Stop Loss: 1.4890

Target: 1.4710



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

Regards

Mad Dog

EUR / USD Update: 02.01.2013 17:13 hrs

EUR / USD:

Price has been unable to make a new high and I have been stopped at Break Even

Should price make a new low I will be looking to enter a short position with the longer term daily trend.

Chart below

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

Regards

Mad Dog

EUR / USD Update: 02.03.2013 12:41hrs

EUR / USD:

Price has pulled back to my entry levels.

My 1st order at 1.3240 has been triggered.

My 2nd Order at 1.3225 has NOT been triggered and I have removed the order.

I am long from 1.3240 with 0.5% exposure to the market.

Price has made a move to towards the first level of resistance at 1.3295

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

Chart below:

 

I have updated my limit order to take a profit at 1.3465 (2.5%)

 

I will update again this evening

 

Have a good day

 

Regards

 

Mad Dog

EUR / USD: 02/01/2013. 09:45hrs

EUR / USD:

This pair is in a mid term up trend.

Chart below

Price remains supported above the averages and pivot points.

I am looking for a long entry.

Overnight price has made an immediate higher high and during the London session has begun to pull back.

My orders and chart are below:

1st Entry: 1.3240
2nd Entry: 1.3225

Averaged Entry 1.32325

Stop Loss: 1.3195

1st Target: 1.3430 (5%)
2nd Target: 1.3700

I will update again should the trade be triggered.

Regards