USD / CHF UPDATE: Monday 31st March 2014. 15:13hrs

USD / CHF:

My first order at 0.8850 has been triggered.

I am short with 0.5% exposure to the market.

Price has moved down by 15 pips and I have moved my stop loss to break even, eliminating the risk on this position.

Chart below:

 

I will update again when we approach the first target.

 

Namaste.

 

MDT

USD / CHF: Monday 31st March 2014. 13:45hrs

USD / CHF:

Swissy is in a down trend.
Price has recently pulled back to a level that has previously been a resistance level and formed a Double Top.

Chart below:

 

There is some nice divergence between price and the oscillating indicators on a 60 minute chart.

Chart below:

Price has today broken down through the averages and I am looking for a short position when price pulls back and the 60 minute stochastic is above 50.

Levels below:

1st Entry: 0.8850 (0.5%)
2nd Entry: 0.8860 (0.5%)

Averaged entry: 0.8855 (1% Maximum Risk)

Stop Loss: 0.8890

1st target: 0.8790
2nd Target: 0.8680 (5%)

I will update again should the position be opened and I move the stop loss to Break even.

Have a great week
Namaste
MDT

USD / CHF: Thursday 27th March 2014. 15:06hrs

USD / CHF:

Swissy is in a clear down trend. Price is making lower highs and lower lows on the daily chart

Chart below:

 

 

Price has recently retraced and tested the Monthly Pivot Point (MPP)

 

Price has been unable to break the MPP on 5 occasions.

 

If (and it remains an if for the moment) price can break down and make a lower low through the averages, when price pulls back I will be looking to take a short position.

 

I will update again with the levels if and when price makes a move lower.

 

Chart below.

 

 

 

Hope you are all still long WTI.

 

Regards

 

MDT

 

 

 

EUR / JPY: Tuesday 25th March 2014. 10:57hrs

EUR / JPY:

EJ remains in a long term up trend.

Price has been consolidating since the 13th March. At some point price will make a break out of the range.

If it break to the upside or the down side it does not matter so long as we remain sharp and enter when the market is moving.

I have marked n the chart below the range parameters.

Let price break and play the pull back in line with ATC.

Chart below.

 

Have a good day

 

Regards

 

MDT

 

 

Dow Jones Ind 30 UPDATE: Monday 24th March 2014 18:21hrs

Dow Jones Ind 30:

Price has retraced to the entry level of 16220.

My order has been triggered and I am short.

Price has moved away from the entry nicely by 25 pips allowing me to move the stop loss to break even eliminating the risk on this position.

Chart below:

 

I will update again tomorrow.

 

Regards

 

MDT

DOW JONES IND 30: Monday 24th March 2014. 15:35hrs

DOW JONES IND 30:

The Dow has formed a nice double top at 16500.

Chart below:

 

I am looking for a way to get short.

 

Price has this afternoon broken down and on the short term charts (15 minute) I have been given a cross of the short term averages through the medium term averages,

 

This is the signal I have been waiting for.

 

I am going to short the Dow as detailed below.

 

Entry: 16220

Stop: 16260

1st Target: 15900

 

Chart below:

 

 

 

Have a great week.

 

Regards

 

MDT

 

EUR / JPY: Wednesday 19th March 2014. 16:48hrs

EUR / JPY.

EJ is in a long term up trend.

The 4 hr chart shows making Higher Highs and Higher Lows.
Price has pulled back to the 61.8% Fibonacci level where it has found support and moved higher again.

There is a nice trend line below supporting EJ also.

Chart below:

 

On the 60 minute chart price has again retraced to the 61.8% Fibonacci support and the trend line.

 

Should price break up through yesterdays high I will be looking for a long position.

 

Should price break the trend line to the down side I will look for a short position.

 

Chart below:

 

 

The Fed Interest Rate decision and Fed monetary policy decision is out at 18:00hrs so the market will remain slow until the news.

 

Once we get the break, look to capitalise on the this break out opportunity.

 

I will update again after the news with my trade levels.

Have a fun evening.

 

Regards

 

MDT.

 

 

 

 

GOLD UPDATE: Thursday 6th March 2014. 15:40hrs

Gold:

After 3 days of sideways price action Gold has finally moved out of the consolidation and into a nice profitable position.

To remind you I am long from 1335 and 1339 Averaged in at 1337.

My stop loss was at 1331.

Price has now moved up to 1346 into profit by 1.5%.

I have now moved the stop loss on both position to 1337 eliminating the risk on the position.

I am happy to hold this position with no risk through the NFP numbers tomorrow.

Chart below:

 

I will update again after the NFP number has been released.

 

Have a good evening

 

Regards 

MDT

Gold: Monday 3rd March 2014. 10:06hrs

Gold:

Gold has been trending up for the most part of 2014.

Chart below:

 

Price has begun to move higher again following a small period of consolidation.

 

Price has made a new high this morning driving a cross in the moving averages.

 

I am looking for a long position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1339.00

2nd Entry: 1335.00

 

Averaged Entry: 1337.00

 

Stop Loss: 1330.00

 

1st Target: 1372.00

2nd Target: 1432.00

 

 

I will update again should the position be opened.

 

Have a great week.

 

Regards.

 

MDT