USD / CAD UPDATE: THURSDAY 29/08/2013. 17:13HRS

USD / CAD:

Price has retraced and stopped me at break even.

Price has now moved back up and is the position is making new highs without me.

Current price is 1.0528 or 1.6% in profit.

Chart below:

 

 

Price is cheeky when volume is low.

 

I feel cross that this has happened again, but in real time removing the risk looked like the right thing to do.

 

Obviously with hindsight that was wrong.

 

My bad.

 

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

 

 

 

 

USD / CAD UPDATE: THURSDAY 29/08/2013. 14:13HRS

USD / CAD:

Price has retraced back to the the first order.

I am long from 1.0495 with 0.5% exposure to the market.

The second order was missed by 1 pip and I have removed it.

Price has made a new high allowing me to move the stop loss to break even, eliminating the risk on the position.

Chart below:

 

I will update again later this evening.

 

 

USD / CAD: THURSDAY 29/08/2013. 10:15HRS

USD / CAD:

USD / CAD is in an uptrend.

Chart below:

 

Price has pulled back and has now formed a Double bottom.

 

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: 1.0495

2nd Entry: 1.0490

 

Averaged Entry: 1.0492

 

Stop Loss: 1.0470

 

Target: 1.0602

 

 

I will update again should the position be opened.

 

 

 

 

USD / SGD UPDATE: THURSDAY 29/08/2013. 06:55HRS.

USD / SGD:

Price pulled back as expected.

The high of the pull back was 1.2789, my 1st order was at 1.2790 (1pip shy)

Price has now moved down to test the previous low at 1.2740.

I have removed my orders.

Chart below:

 

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

 

 

USD / SGD: WEDNESDAY 28/08/2013. 19:12HRS

USD / SGD:

This cross has made its way to a good resistance level.

Chart below:

Price has formed a clear Double Top at the resistance level. Price has broken broken through the averages this afternoon.

Chart below:

 

I am looking for a short position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.2790

2nd Entry: 1.2800

 

Averaged entry: 1.2795

 

Stop Loss: 1.2830

 

Target: 1.2620

 

 

 

I will update again should the position be opened.

 

 

 

 

GBP / USD UPDATE: Friday 23/08/13. 19:03hrs

GBP / USD:

Price did retrace to the entry level.

Price action has been dreadful and on the retracement I removed the second order to buy at 1.5610

The position was opened at 1.5620 with a 40 pip stop loss, price broke back down through the averages and hit the stop loss for -0.5%

Price has since gone sideways.

August thin and choppy, except for the position that didn't get hit AUD / JPY (5% hit)

I finish the week -1.5%.

I will be looking to make a gain of 5% next week.

Have a good weekend.

Chart below:

 

 

 

GBP /USD: FRIDAY 23/08/2013. 09:59HRS

GBP / USD:

Cable is in an up trend.

Chart below:

 

Price has pulled back to the Weekly Pivot Point and the 50% Fibonacci level

 

Chart below:

 

 

Price has this morning broken back above the averages and I am looking for a long position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.5620

2nd Entry: 1.5610

 

Averaged Entry: 1.5615

 

Stop Loss: 1.5580

 

Target: 1.5790

 

 

I will update again should the position be opened.

 

 

 

 

EUR / JPY: TUESDAY 20/08/2013. 09:18HRS

EUR / JPY:

EJ is in a medium term down trend, making lower highs and lower lows.

Chart below:

 

Price has this morning made a move down through the averages and pivot points and I am looking for a short position as detailed below.

 

Levels and chart below:

 

1st Entry: 129.90

2nd Entry: 130.10

 

Averaged entry: 130.00

 

Stop Loss: 130.50

 

Target: 127.50

 

 

I will update again should the position be opened.

 

 

 

AUD / JPY UPDATE: Tuesday 20/08/2013. 09:08hrs

AUD / JPY:

AJ has continued down and the target at 87.60 has been hit for 5%

Unfortunately I was not aggressive enough to capitalise.

 

My bad.

Chart below:

 

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

 

 

AUD / JPY UPDATE: 20/08/2013. 06:31HRS

AUD / JPY:

Price did retrace as expected. My orders where at 89.30 and 89.40.

The high of the retracement was 89.195.

I have removed my orders as price has moved down to 88.00 without me.

The target was 87.60.

Chart below:

 

 

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

 

Have a good day.

 

 

AUD / JPY: MONDAY 19/08/2013. 21:18HRS

AUD / JPY:

AJ is in a down trend.

Chart below:

 

Price has retraced to the 61.8% Fibonacci level and has formed a double top.

 

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

 

Levels and chart below:

 

1st Entry: 89.30

2nd Entry: 89.40

 

Averaged entry: 89.35

 

Stop Loss: 89.70

 

Target: 87.60

 

 

 

I will update again should the position be opened.

 

AUD / USD UPDATE: THURSDAY 15/08/2013. 07:20HRS

AUD / USD:

Price has retraced as expected, however once again it has missed my orders.

My level was at 0.9115 / 10 and price has been to 0.9117.

Chart below:

 

The trade has been up to 0.9182 or 3.5%, I would expect the target to be hit later this week.

 

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

 

 

AUD / USD: WEDNESDAY 14/08/2013. 13:12HRS

AUD / USD:

AU has been trending higher, making higher highs and higher lows.

Chart below:

 

Price has recently pulled back to the 50% Fibonacci Level.

Price has now moved back up through the moving averages and made an immediate higher high.

 

I am looking for a long position as detailed below.

 

Levels and charts below:

 

1st Entry: 0.9115

2nd Entry: 0.9110

 

Averaged entry: 0.9112

 

Stop Loss: 0.9095

 

Target: 0.9215

 

 

 

I will update again should the position be opened.

 

 

 

EUR / JPY UPDATE: WEDNESDAY 14/08/2013. 06:59HRS

EUR / JPY:

Price has pulled back, however not far enough.

The low is 129.69 a full 20 pips from my first entry.

Price has now moved up and made a new high.

I have removed my orders to buy this pair.

Chart below:

 

 

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

 

 

EUR / JPY: TUESDAY 13/08/2013.15:28HRS

EUR / JPY:

EJ is in an uptrend

Chart below:

 

Price has pulled back over the past week or so, allowing long positions to be considered.

Price has now formed a double bottom and has this morning broken back above the averages.

 

Chart below:

 

 

I am looking for a long position with the trend as detailed below.

 

Levels and Chart below:

 

1st Entry: 129.50

2nd Entry: 129.20

 

Averaged entry: 129.35

 

Stop Loss: 128.90

 

Target: 131.60 (5%)

 

 

I will update again should the position be opened.

 

 

 

 

EUR / USD UPDATE: TUESDAY 13/08/2013. 06:30HRS

EUR / USD:

Price has retraced as expected , however it has not retraced far enough to offer a good risk reward entry.

The high on the retracement was 1.3311.

I have removed my orders to enter a short position.

Price has not moved down very far and the USD looks to be weakening.

If price breaks up and the pattern looks good I will consider a long position.

I will let you know should the long set up develop.

Chart below:

 

EUR / USD: MONDAY 12/08/2013. 12:35HRS

EUR / USD:

EU has a double top formation at a resistance level.

Chart below:

 

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

 

Levels and Chart below:

 

1st Entry: 1.3325

2nd Entry: 1.3335

 

Averaged entry: 1.3330

 

Stop Loss: 1.3360

 

1st Target: 1.3180 (5% and previous support)

2nd Target: 1.3010 (10.5% and a big support level for this pair)

 

 

 

I will update again should the position be opened.

 

 

 

GOLD UPDATE: 09/08/2013. 13:28HRS

GOLD:

Price has not pulled back and is still sitting at 1309.00.

I have decided to remove the orders and look else where.

Chart below:

 

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

 

 

Gold: Thursday 08/08/2013. 18:55hrs

Gold:

Gold has been trending up from the beginning of July.

Chart below:

 

Price has moved through the resistance at 1300.00 and pulled back to the 50% Fibonacci level

(Low 1205.00 High 1349.00)

 

Price has today moved back above the averages and I am looking for a long position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1298.00

2nd Entry: 1294.00

 

Averaged entry: 1296.00

Stop Loss: 1285.00

1st Target: 1351.00
2nd Target: 1381.00

 

I will update again should the trade be triggered.