GBP / USD UPDTAE: 31/07/2013. 13:02HRS

GBP / USD:

Price has tested the target level at 1.5185.

The low is showing at 1.5186 or 1 pip from the desired level.

Price has now bounced a little and is showing the first signs of being oversold.

I have therefore closed the position at 1.5220 for 140 pips or 2% profit.

This represents a risk reward of 4 - 1

Chart below:

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

GBP / USD UPDATE: 30/07/2013. 13:45hrs

GBP / USD:

Price has continued to make its way down towards the target level.

The target has been revised slightly to 1.5185 (2.5) as the second order was not picked up.

Price has been down to 1.5290 in the London session and I and hoping the US session will continue to push sterling lower.

The stop remains at 1.5360 (break even) for the time being.

Chart below:

 

I will update again when I am able to move the stop loss.

 

 

GBP / USD UPDATE: 29/07/2013. 20:24HRS

GBP / USD:

Price has retraced as expected and I am short from 1.5360 with 0.5% exposure to the market.

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

I have removed my second order at 1.5370.

Chart below:

 

I will update again, if I am able to move the stop and lock in some profit.

 

 

 

 

GBP / USD: 29/07/2013. 17:15HRS

GBP / USD:

Cable is in a down trend.

Price has pulled back to the 61.8% Fibonacci level where it has stalled.

Chart below:

 

 

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

 

Levels and Chart below:

 

1st Entry: 1.5360

2nd Entry: 1.5370

 

Averaged entry: 1.5365

 

Stop Loss: 1.5395

 

Target: 1.5215

 

 

 

 

 

I will update again should the position be opened.

 

 

 

AUD / USD: 24/07/2013. 20:28HRS

AUD / USD:

AU is in a down trend.

Chart below:

 

 

Price has formed a triple top and has today broken down through the averages.

 

Price has made a lower low, therefore I am looking for a short position as detailed below.

 

Levels and Chart below:

 

1st Entry: 0.9200

2nd Entry: 0.9220

 

Averaged entry: 0.9210

 

Stop Loss: 0.9250

 

Target: 0.9010

 

 

I will update again should the position be opened.

USD / SGD UPDATE: 19/07/2013. 02:49HRS

USD / SGD:

Price pulled back, but only to 1.2652.

Price has now made a new high and I have removed my orders.

Chart below:

 

 

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

 

Regards

 

Scott

 

USD / SGD: 18/07/2013. 12:29HRS

USD / SGD:

US Dollar V Singapore Dollar is in an up trend.

Chart below:

 

Price has retraced back to the 61.8% Fibonacci Level and is showing divergence between price and the oscillating indicators.

 

Chart below:

 

 

 

Price has broken up through the averages and I am looking for a long position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.2650

2nd Entry: 1.2640

 

Averaged Entry: 1.2645

 

Stop Loss: 1.2610

 

Target: 1.2820

 

 

I will update again should the position be opened.

 

 

 

 

EUR / JPY UPDATE: 10/07/2013. 07:02HRS

EUR / JPY:

Price did retrace but only to 129.35

This was a full 30 pips from my first order.

Price has made the expected move down to the target with out me.

I have removed my orders.

Chart below:

 

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

 

 

EUR / JPY: 09/07/2013. 16:10HRS

EUR / JPY:

EJ is in a long term down trend.

Chart below:

 

 

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

 

Levels and Chart below:

 

1st Entry: 129.65

2nd Entry: 129.85

 

Averaged Entry: 129.75

 

Stop Loss: 130.10

 

1st Target: 128.00

2nd Target: 126.50

 

 

 

I will update again should the position be opened.

 

 

 

AUD / UAD UPDATE: 09/07/2013. 13:08HRS

AUD / USD:

Price has retraced as expected.

The low of the pull back is 0.9140.

My first order has been missed by the spread (2.5pips)

Price has now moved back up by 80 pips and I have removed my orders to buy this cross.

Chart below:

 

 

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

 

 

AUD / USD: 09/07/2013. 11:21hrs

AUD / USD:

There is a double bottom pattern on this cross and divergence is showing lower highs on the oscillating indicators.

These are good signs of a reversal.

Chart below:

Price has broken up through the pivot points and the averages, price has also made an immediate higher high.

I am looking for a long position as detailed below.

Levels and Chart below:

1st Entry: 0.9140
2nd Entry: 0.9120

Averaged entry: 0.9130

Stop loss: 0.9090

Target 0.9330.

 

I will update again should the position be opened.

 

 

AUD / USD UPDATE: 02/07/2013. 11:31HRS

AUD / USD:

Price has retraced to pick up my first order at 0.9190.

Price then made its move back down.

The position was in profit by 20 pips and I moved the stop loss to break even to eliminate the risk.

However price has drifted and I have been pipped out at break even.

Chart below:

 

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

 

 

AUD / USD: 02/07/2013. 06:49HRS

AUD / USD:

AUD / USD is in a down trend.

Chart below:

 

Price has pulled back over the past 48hrs allowing a short position to be considered.

 

Price has now broken down through the averages and I am looking to enter short as detailed below.

 

Levels and Chart below:

 

1st Entry: 0.9190

2nd Entry: 0.9210

 

Averaged entry: 0.9200

 

Stop Loss: 0.9240

 

Target: 0.9000

 

 

 

I will update again should the position be opened.

 

 

 

GBP / JPY UPDATE: 01/07/2013. 10:15HRS

GBP / JPY:

Price has continued its upward momentum and the first target at 151.65 (5%) has been hit.

Chart below: