EUR / JPY UPDATE: 27/03/13 10:22HRS

EUR / JPY

Price has retraced toward the entry level and I have quiet unbelievable been stopped out by 0.2 of a pip.

The high is showing as 121.512.

Chart below:

 

 

Gutted!!

 

 

EUR / USD UPDATE: 26/03/13 04:44hrs

EUR / USD:

Price has not pulled back to allow an entry with good risk reward.

I have removed my orders and will look for an entry with a better stop loss size.

Chart below:

 

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

 

Regards

 

EUR / USD: 25/03/13 19:06HRS

EUR / USD:

This pair has been making lower highs and lower lows. The trend is down, for now.

Chart below:

 

Price has to day made a move down through the averages and I am looking to enter short on a pull back.

Levels and Chart below:

1st Entry 1.2925
2nd Entry: 1.2935

Averaged Entry: 1.2930

Stop Loss: 1.2970

Target: 1.2730 (5%)

 

 

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

 

Regards

 

 

EUR / USD UPDATE: 21/03/13 18:44hrs

EUR / USD:

Price has again retraced and this market looks very choppy.

I would have been stopped at break even what ever I did on this one.

Chart below:

 

 

Regards

 

EUR / JPY UPDATE: 21/03/13 17:22HRS

EUR / JPY:

Price has been down as low as 122.45 or 95 pips from my entry.
This meant the trade was in profit by 1% with only 0.5% risk taken.

I had moved the stop to break even as previously stated.
Price begun to pull back aggressively so I closed the position for 20 pips profit or 0.25%

If I had held the position at break even then I would have been stopped at break even.

Price has now spiked back down and another new low has been made.

Price now seems to have decided to go for the initial target at 121.85 without me.

I am, as always very mindful of preserving our capital and moving the stop loss to eliminate the risk is the best way to do this.

I would do the same again on the next set up.

Chart Below:

 

Have a good evening

 

Regards

 

 

EUR / USD UPDATE: 21/03/13 13:30 HRS

EUR / USD:

I have moved the stop loss to early and have been stopped out at break even.

 

I didn't want to let the position go against me, and now I am out and its in profit.

 

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

 

Regards

 

 

EUR / USD UPDATE: 21/03/13 11.35HRS

EUR / USD:

Both orders have been triggered and I am short as follows:

1.2915 (0.5%)
1.2925 (0.5%)

Price has made a move down to 1.2905.

I have moved the stop loss on the 2nd position to break even.

I still have risk on the 1st position at 0.5%.

I will remove the remaining risk as soon as the chart tells me I can.

Chart below:

 

I will update again later this morning

 

Regards

 

 

EUR / JPY UPDATE: 21/03/13 11:15HRS

EUR / JPY:

The first order has been triggered and my a move down by 20 pips.

I have removed my 2nd order to enter short and I have move the stop loss to break even eliminating the risk on this position.

Chart below:

 

 

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

 

 

Regards

EUR / JPY: 21/03/13 10:42HRS

EUR / JPY:

EJ has been making lower highs and lower lows on the medium term charts.

There is sloping trend line resistance, shown on the chart below

Chart below:

 

 

Price has broken down this morning and I am looking for a short position as detailed below.

 

Levels and chart below:

 

1st Entry: 123.40

2nd Entry: 123.60

 

Averaged Entry: 123.50

 

Stop Loss: 123.85

 

Target: 121.85 (5%)

 

 

I will update again should the trade be triggered.

 

Regards

 

 

 

EUR / USD: 21/03/13 0945hrs

EUR / USD:

EUR / USD is in a down trend.

Chart below:

 

 

Price has broken down through the averages and I am looking for a short position on the pull back as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.2915

2nd Entry: 1.2925

 

Averaged entry: 1.2920

 

Stop Loss: 1.2950

 

Target: 1.2770 (5%)

 

 

 

I will update again should the trade be triggered.

 

Regards

 

 

 

 

Cable UPDATE: 20/03/2013 11:02hrs

GBP / USD:

Both orders have been triggered and I was short from 1.5065 with 1% exposure to the market.

Price moved down to a low of 1.5025 pushing the position into profit by 1%.

I moved the stop loss to break even to eliminate the risk on the position before the GBP data release at 09:30hrs.

On the release of the data price moved back into the range, stopping the position at break even.

Charts below:

60 Minute Chart:

 

15 Minute Chart:

 

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

 

Regards

 

 

Cable: 19/03/2013 11:07hrs

GBP / USD:

This pair is in a down trend

Chart below:

 

Price is making lower highs and lower lows.
Price has retraced to the 23.6% Fibonacci level from the last thrust down.
Price has found a resistance level at 1.5200

Chart below:

 

On the short term chart price is supported at 1.5065. (RED LINE)

 

Chart below:

 

 

Should price break this level and make a new low on the short term time frame, I will look to enter a short position on the pull back to the support area of 1.5065

 

If price moves higher then I will wait for the next trade with the trend to be identified.

 

Levels below:

 

1st Entry: 1.5065

2nd Entry 1.5065

 

Averaged entry: 1.5065

 

Stop Loss: 1.5105

 

Target 1.4865 (5% & previous support level)

 

I will update again should the trade be triggered.

 

Regards

 

 

NZD / JPY UPDATE: 18/03/2013 04:51HRS

NZD / JPY:

As I said on Thursday last week I have been stopped out for -1% on this trade.

I thought it would be a good idea to show you the chart this morning.

Chart below:

 

As you can see, price has moved down by 100 pips and the trade would be in profit by 80 pips or

2.2%.

 

I was stopped out by the the spread and that is a little unlucky I think.

 

Sometimes you can be right and still be wrong.

 

That said it will not be the last time it happens.

 

On to the next one.

 

CAD / JPY looks interesting and may be a trade for later this morning, I will just wait and see if the gap gets filled through the London session.

 

Have a good week, I will post again when the next strategy trade has been identified.

 

Regards

 

 

 

 

NZD / JPY UPDATE: 14/03/2013 14:55HRS

NZD / JPY:

Price has been unable to remain below the averages and although the high of the day is 79.09 I have been stopped out by the spread.

Chart below:

 

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

 

Regards

 

 

NZD / JPY UPDATE: 14/03/13 11:33HRS

NZD / JPY:

Price has retraced to my entry levels and I am short from 78.70 and 78.80 with 1% exposure to the market.

Chart below:

 

I will move the stop loss down if and when prices test 78.40.

 

I will update again later this afternoon / evening.

 

Regards

 

 

NZD / JPY: 14/03/13 04:52hrs

NZD / JPY:

This pair has formed a head and shoulders pattern on the 4 hr time frame.

Chart below:

 

This is often a good sign of a reversal.

 

Price has broken down through the averages and I am looking for a short entry on the pull back.

 

Levels and Chart below:

 

1st Entry: 78.70

2nd Entry: 78.80

 

Averaged Entry: 78.75

 

Stop Loss: 79.10

 

Target: 77.00 (5%)

 

 

I will update again should the trade be triggered.

 

Regards

 

 

 

AUD / JPY Update: 12/03/2013 18:12hrs

AUD / JPY:

Price came to within 1 pip of my first entry and then made a higher high.

I have removed my orders

Chart below:

 

 

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

 

Regards

 

 

AUD / JPY: 12/03/2013 13.12hrs

AUD / JPY:

This pair is in an up trend

Chart below:

Price has recently pulled back allowing log positions to be considered.

Price has this morning broken up through the averages and I am looking to buy AJ as detailed below

Levels and Chart below:

1st Entry: 99.05
2nd Entry: 98.98

Averaged Entry: 99.00

Stop Loss: 98.70

Target: 100.50 (5%)

 

 

I will update again should the trade be triggered.

 

 

EUR / USD Update: 08.03.2013 14:18hrs

EUR / USD:

A good move removing my orders.

NFP figure was +236K new jobs

Chart below:

 

Regards

EUR / USD Update: 08.03.2013 11:58hrs

EUR / USD:

Price has not pulled back to my orders.
It came to within 15 pips before making a new high.

Chart below:

 

With NFP data due to be released in 90 minutes I have removed my orders and will review after the data has been announced.

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

Regards

EUR / USD: 07/03/2013 19.59hrs

EUR / USD:

This pair is in an uptrend on the daily chart

Chart below:

Has has over the past 2 weeks pulled back allowing long positions to be considered again.

Price has formed a double bottom and has now moved back above the averages and the pivots. Price has also made an immediate higher High.

Chart below:

 

I am looking for a long entry as detailed below

 

Levels and chart below:

 

1st Entry: 1.3065

2nd Entry: 1.3045

 

Averaged Entry: 1.3055

 

Stop Loss: 1.3020

 

1st Target: 1.3230 (5%)

2nd Target: 1.3310 (7.3%)

 

 

 

 

I will update again if the trade is triggered.

 

Have a good evening

 

Regards

 

 

AUD / JPY: 04/03/13. 15:25hrs

AUD / JPY:

Price has formed a double top on the Daily chart.

Chart below:

 

Price has also made a Lower Low and broken down below the longer term averages.

 

Price has now pulled back to the 61.8% Fibonacci Level.

 

Chart below:

 

 

Price has been consolidating in a small range for much of the past 12 hours. This has given a clear support area at 94.40.

Should price breach this and make a Lower Low I will enter a short position on the break of the consolidation low at 94.35.

 

Chart below:

 

 

My provisional levels are.

 

1st Entry: 94.35

2nd Entry 94.35

 

Averaged Entry: 94.35

 

Stop Loss: 94.85

 

Target: 91.85 (5%)

 

If price breaks back up, this trade will be void and I will wait for the next set up.

 

I will update again should the trade be triggered.

 

Regards