EUR / USD UPDATE: 20/02/13 16:18HRS

EUR / USD

Price has not been able to remain above the averages and I have been stopped for -1%.

Chart below:

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

Regards

EUR / USD: 20/02/13 06:35HRS

EUR / USD:

EUR / USD is in an uptrend

Chart below:

Price is supported by the trend line and by the 23.6 Fibonacci level from the last thrust move up.

Chart below:

I am looking for a long entry. My levels and chart showing the levels are below.

1st Entry: 1.3395
2nd Entry: 1.3385

Averaged Entry: 1.3390

Stop Loss: 1.3360

1st Target: 1.3540 (5%)
2nd Target: 1.3600 (7% Fibonacci extension and previous high)

Chart below:

 

I will update again should the trade be triggered.

 

Regards

 

AUD / USD UPDATE: 19/02/13 05:28HRS

AUD / USD:

I have been stopped for a profit of 5 pips.

Price has moved back above the averages and I no longer wish to be short.

Chart below:

 

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

Regards

AUD / USD UPDATE: 18/02/13 19:21HRS

AUD / USD:

Price has made a small move down, allowing me to move the stop loss to break even.

There is data due to be released over night for AUD, so lets see if this can move price down with some momentum.

Chart below:

 

I will update again tomorrow morning.

Regards

AUD / USD UPDATE: 18/02/13 15.50HRS

AUD / USD:

My first order has been hit and I am short from 1.0310 with 0.5% exposure to the market.

Price has moved down a little, I have removed my second order and lowered the stop loss to 1.0325

I have 0.25% risk at the time of writing.

I will look to move the stop to break even before the end of the day.

Chart below:

I will update again before the the end of the day

Regards

AUD / USD: 18/02/13 07:22 HRS

AUD / USD:

Aussie USD is in a medium term down trend:

Chart below:

 

Price pulled back at the end of last week allowing short positions to be consider on the next break down.

 

Price has broken down over night and I have 2 entries and detailed below.

 

Levels and Chart below:

 

1st Entry: 1.0310

2nd Entry: 1.0320

 

Averaged Entry: 1.0315

 

Stop Loss: 1.0345

 

1st Target: 1.0230 (2.8% & previous low)

2nd Target: 1.0165 (5%)

 

 

I will update again shoul the trade be triggered.

 

Reagrds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR / USD UPDATE: 15/02/13 04:45hrs

EUR / USD:

My orders have not been triggered.

Price has not retraced to the required levels to allow an entry with good risk reward.
It's just not my style to jump in just for the sake of it.
I will remain patient and wait for the patterns to develop.

I have removed my orders and will look for a trade with better risk reward.

Chart below:

 

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

 

Have a good day.

 

Regards

 

 

 

EUR / USD: 14/02/13 10:58HRS

EUR / USD:

This pair is in a long term down trend.
Price has pulled back towards the 50% Fibonacci level.
This will allow a short position to be considered when price decides to break back down.

Chart below:

Although EU remains supported in the short term, the GDP figures released this morning, have pushed price back down through the averages and pivot points.

I am looking for a short entry as detailed below.

Levels and chart below:

1st Entry: 1.3400
2nd entry: 1.3420

Averaged entry: 1.3410

Stop Loss: 1.3450

1st Target: 1.3210 (5%)
2nd Target: 1.3000 (10.25% previous low and Fibonacci extension level)

 

 

 

I will update again should the trade be triggered.

 

Regards

AUD / JPY UPDATE: 08.02.13 19:33 HRS

AUD / JPY:

Price has pulled back on the back of the Dow rally earlier this afternoon.

I have been stopped for a profit of 1%.

Chart below:

 

To be honest, its been a tough week. I have not made a lot of money but I think I have done OK in the current market conditions.

 

I am sure I will make the 100% target I set for my self this year, I just need to stick to the strategy, stay disciplined and remain focused.

 

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

 

I hope you all have a great weekend.

 

Best Regards

 

 

AUD / JPY UPDATE 08.02.13 13:33HRS

AUD / JPY:

Price has continued to move lower through the European session.

Price is now 100 pips from the entry (96.40) at 95.40

I have decided to lock in 50 pips or 1% profit on this position.

Chart below:

 

I have revised my take profit limit order to the new target of 93.90 or 5% and a fib extension level

This is unlikely to be hit this afternoon, therefore if I am still in the position at the close (22:00hrs), I will hold over the weekend.

I will update again before the close at 22:00hrs.

Regards.

AUD / JPY UPDATE: 08/02/13 04:29HRS

AUD / JPY:

Price has retraced to my orders and both have been triggered.

Price then made a nice move down to the lows of yesterday at 95.90.

This move allowed me to move my stop loss to break even eliminating the risk on the position.

However price has retraced a little and I have been stopped out on the first position at 95.24

At the time of writing I remain short from 95.40 with 0.5% exposure and with NO risk.

The chart is below:

 

I will update again when the next strategy trade has been identified, or if the position needs my attention.

 

Have a good day

 

TFI FRIDAY!!!!!

 

 

Regards

 

 

 

 

AUD / JPY: 07.02.13 17:21HRS

AUD / JPY:

Aussie Yen has a head and shoulders formation in play on the 60 minute time frame, shown below.

Chart below:

Price has this afternoon broken through the trend line shown in red and made an immediate new low.

I am look for a short entry on a pull back to the the trend line and the Fibonacci levels.

My entry levels and chart are below.

1st Entry: 96.25
2nd Entry: 96.40

Averaged Entry: 96.32

Stop Loss: 96.65

Target: 94.65 (5% and Daily 20 ema)

 

I will update again should the trade be triggered

 

Regards

 

 

GBP / USD UPDATE: 05.02.13 04:45HRS

Cable:

I have been stopped out for a profit of 1%.

The high over night is 1.5771.

The chart is below:

 

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

 

Regards

GBP / USD UPDATE: 04.02.13 18:21HRS

Cable:

The has been little change today.

Price has retraced a little and now stands at 1.5750

My stop remains at 1.5770

I am looking for a move back down in the next 24hrs.

Chart below:

 

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

Regards

GBP / USD UPDATE: 04.02.13 04:44HRS

Cable:

Price has found a little support over the Asian session at around 1.5700.

I am looking for Price to break the swing low at 1.5670 before making the move to my 5% target.

There is a chance that price may pull back a little first.

My stop remains at 1.5770

Chart below:

 

I will update again later this Afternoon / Evening or if a new strategy trade is identified

 

Have a good day

 

Regards

 

 

GBP / USD UPDATE: 01.02.2013 19:57HRS

Cable:

Price has moved down as expected and the position is in profit by 2.8%

Price is currently 1.5712

I have moved the Stop Loss to 1.5770 locking a minimum return of 1%

Chart below:

 

I will hold the position over the weekend and update again first thing on Monday morning.

 

I hope you all have a great weekend.

 

Regards

 

 

GBP / USD UPDATE: 01.02.2013 14:52

Cable:

I am short cable from 1.5805.

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

Current price is 1.5765

My target is at 1.5630 for 5%

Chart below:

 

I will update again later this evening

 

Regards

 

 

GBP / USD: 01.02.2013 11:51HRS

Cable:

Cable is in a down trend

Chart below:

 

 

Price has retraced to a previous resistance level and has been rejected. (as shown by green line)

 

Price has now broken down through the short term averages and I am looking for a short position with the trend.

 

I do not have an order as the NFP data is due to be released at 13:30hrs so I will look to enter short on a break down through the red trend line shown on the chart below.

 

 

 

If price breaks up I will let it go.

 

If it breaks down I will try to get a decent entry as it moves.

 

I will update again later this afternoon.

 

Regards