Cable. Tuesday 10th April 2012 08:22hrs

Cable.

Price has not maintained above the averages or pivot points and I have been stopped for -1%

Chart below

 

I am actively looking for the next strategy trade and will update once it has been identified.

Regards

Scott

Cable. Tuesday 10th April 2012 07:10 hrs

Cable.

All though there was USD strength in the market last week, Cable has remained in a supported market.

The 4 hour chart shows trend line support below and price has put in a higher high at 1.6060.

Chart below.

 

Price has broken back above the averages and pivot points and made an immediate higher high on the 60 minute time frame.

I am looking to enter a long position should we get a pull back to the averages with a stop loss below the Daily 20 EMA.

Chart and levels below.

Entry: 1.5890

Stop: 1.5865

Target: 1.6015

I will update later as the trade develops.

Regards

Scott

Cable Thursday 5th April 2012 10:36hrs

Cable.

Price has been to within 1.4 pips of my order.

Price has made a new low without picking up the order.

My order has been removed and I will re asses the trade if we get another pull back.

I will post again when the next strategy trade sets up

Regards

Scott

Cable Thursday 5th April 2012 10:14hrs

Cable.

Price has broken back down and the short term averages have crossed to the down side.

There is a resistance level at 1.5908 and a lower low through the daily pivot.

Price is showing signs of continuing with the prevailing down trend.

I will enter a short at 1.5885 with a stop above resistance at 1.5915.

Levels and chart below.

Entry: 1.5885

Stop: 1.5915

Target: 1.5735 (5%)

Cable, EU & Kiwi. Thursday 5th April 2012 07:18hrs

Cable.

The pull back has still not arrived and we now have a short term cross against the trade direction.

Chart below

I have removed my order to go short for the time being.

I have not given up on the trade, I would just prefer to enter when the market is moving back in the desired direction. I am looking for a price to break back down through the Daily Pivot (DP White solid line) 1.5875. I will update with the levels later.

EU

This is in the same position as Cable and the short term price action is bid so order removed for now.

Chart below

Looking to enter on the break back down.

Kiwi

Short term price action is bid looking to enter on the break of DP 0.8154 area.

Chart below

I will update as and when I enter short positions

Regards

Scott

Kiwi / USD Wednesday 4th April 2012 07:31hrs

Kiwi / USD.

Kiwi has resistance at 0.8280 and a double top formation at 0.8260.

Chart below

 

Following the bout of USD strength a cross of the averages has taken place and a short opportunity has developed.

There is trendline support below, however this is 50 pips from the entry.

I will move the stop to break even before we test this area to remove the risk from the trade.

If we get the pull back, I will be looking to enter short at the levels below

Chart and entry levels below.

Entry: 0.8205

Stop: 0.8225

Target: 0.8105

Regards

Scott

Euro / USD Wednesday 4th April 2012 07:22hrs

Euro / USD.

As mentioned in previous posts, EU has significant resistance at 1.3380. However price was caught in an ascending triangle and I have been waiting for the break out of the triangle before trading this pair.

Chart below

The break has taken place following the news last night.

If we can get a pull back to the averages and pivot points then I will be looking to enter short.

Entry levels and chart below

Entry: 1.3265

Stop: 1.3305

Target: 1.3065

I may have to adjust these levels as the pull back develops, however this is the area that looks most likely at the time of writing.

Regards

Scott