GBP / USD UPDATE: THURSDAY 24TH OCTOBER 2013. 16:52HRS.

GBP / USD:

Following the initial move first thing this morning price has done very little.

On the back of this I have been stopped at break even.

Chart below:

 

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

 

 

GBP / USD UPDATE: THURSDAY24TH OCTOBER 2013. 07:15HRS

GBP / USD:

Cable has moved up and my order has been hit.

I am long from 1.6205 with 0.5% exposure to the market with now risk

Although price is still close to the entry, I have been able to move the stop loss to break even to eliminate the risk on the position.

Chart below:

 

I have a limit order at 1.6330 for 5% profit.

 

I will update again later today.

 

 

GBP / USD: THURSDAY 24TH OCTOBER 2013. 06:55HRS

GBP / USD:

Cable is in an uptrend.

Chart below:

 

 

Price has pull back and formed a double bottom on the 4hr chart.

 

Chart below:

 

 

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

 

Levels and Chart below:

 

Entry: 1.6205

 

Stop Loss: 1.6180

 

Target: 1.6330.

 

 

 

I will update again should the position be opened.

 

 

 

GBP / USD UPDATE: FRIDAY 18TH OCTOBER 2013. 07:41HRS

GBP / USD:

Cable has hit the target for 5%

Chart below:

 

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

 

 

GBP / USD UPDATE: 17TH OCTOBER 2013. 09:53HRS

GBP / USD:

Cable has made a new high and is looking good for the target at 1.6182

Chart below:

 

Even in hindsight it is very hard to see what I could have done different.

 

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

 

 

GBP / USD UPDATE: WEDNESDAY 16TH OCTOBER 2013. 19:33HRS

GBP / USD:

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

Chart below:

 

 

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

 

 

GBP / USD: WEDNESDAY 16TH OCTOBER 2013. 14:52HRS

GBP / USD:

Cable is in an up trend.

Chart below:

 

 

Price has pulled back and is supported above 1.5900.

 

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

 

Levels and chart below:

 

1st Entry: 1.6005

2nd Entry: 1.5990

 

Averaged Entry: 1.5997

 

Stop Loss: 1.5960

 

Target: 1.6182

 

 

 

I will update again should the position be opened.

 

 

 

AUD / JPY UPDATE: THURSDAY 10TH OCTOBER 2013. 14:44HRS

AUD / JPY:

AJ has broken through the highs and is currently trading at 92.75.

The target for my position was at 92.75 for 5%.

Chart below:

 

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

AUD / JPY UPDATE: TUESDAY 8TH OCTOBER 2013. 20:34HRS

AUD JPY:

AJ has retraced to the order level.

price has broken through the averages and I have been stopped by 0.2 of a pip.

The low is 91.248.

Chart below:

 

 

Price is now back at 91.55 or the entry level.

 

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

 

 

AUD / JPY: TUESDAY 8TH OCTOBER 2013. 10:46HRS

AUD / JPY:

AJ is in an up trend.

Chart below:

 

 

Price has pulled back and found support.

 

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

 

Levels and Chart below:

 

Entry: 91.55 (1%)

 

Stop Loss: 91.30

 

Target: 92.80

 

 

 

I will update again should the position be opened.

 

 

 

AUD / USD UPDATE: WEDNESDAY 2ND OCTOBER 2013. 06:21HRS

AUD / USD:

Price has made an attempt to move higher over night.
The position has been in profit by 0.5% but is stalling.
There is a cross of the short term averages against the position.

I have therefore decided to close the position at break even.

Chart below:

 

 

I will look to reenter a long position if and when price action show so upside momentum.

 

 

GOLD UPDATE: TUESDAY 1ST OCTOBER 2013. 16:05HRS

GOLD:

Has has made the move down and the first target has been hit.

Chart below:

 

 

AUD / USD UPDATE: TUESDAY 1ST OCTOBER 2013. 15:14HRS

AUD / USD:

Price has retraced back to the order levels.

I am long from 0.9380 with 0.5% exposure to the market.

Price has moved away from the entry by 20 pips.

This has allowed me to move the stop loss to break even and eliminate the risk on the position.

I have removed the second order.

Chart below:

 

 

I will update again later this evening

AUD / USD: TUESDAY 1ST OCTOBER 2013. 10:03HRS

AUD / USD:

AU is in a medium term up trend.

Chart below:

 

There is a double bottom formation and price has broken up through the averages.

 

I am looking for a long position as detailed below.

 

Levels and Chart below.

 

1st Entry: 0.9380

2nd Entry: 0.9360

Averaged entry: 0.9370

Stop Loss: 0.9330

1st Target: 0.9570
2nd Target: 0.9700

 

I will update again should the position be opened.