Cable: Tuesday 13th Novemeber 2012 14:18hrs

Cable:

The pair is in a down trend

Chart below:

 

I am looking for short trading opertunities.

On the short term charts price has broken down and I am short 0.5% from 1.5872

I am looking for price to make a new low to enable me to remove the risk from this position.

Chart below:

 

I will update again later this afternoon

 

Regards

 

 

Silver: Monday 12th November 2012 14:26hrs

Silver:

Silver is in a mid term down trend.

Chart below:

Price has had trouble breaking higher through 32.75. There is a decent resistance level here showing that price may wish to continue down.

Chart below

 

 

Should price break down below the Central Weekly Pivot point, creating a new low on the short term charts. I will look to enter short.

 

Chart below.

 

 

 

 

There is a US bank holiday today and price action is limited so this could be later this evening or tomorrow.

 

I will update again if and when price makes its move.

 

Regards

 

 

 

 

EUR / USD Update: Wednesday 24th October 2012 11:43hrs

EUR / USD

Price has made it return to the resistance level as expected.

My order was at 1.3000. The high of the pull back was at 1.29967.

Price has now made a 70 pip move without picking up my first order.

I have missed this trade by 3.7 pips.

I have removed my orders.

Chart below:

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

BUGGER!!!!!!!

EUR / USD Update: Tuesday 2rd October 2012 14:24hrs

EUR / USD.

The USD dollar has remained strong and push EU lower.

With out a decent pull back the risk reward is not acceptable.

I have revised my order levels as shoen below.

Levels and chart below:

1st Entry: 1.3000
2nd Entry: 1.3020

Averaged Entry: 1.3010

Stop Loss: 1.3060

Target: 1.2760 (5%)

 I will update again later this afternoon evening.

Regards

EUR / USD: Tuesday 23rd October 2012 12:36hrs

EUR / USD

EUR / USD is in a long term down trend. Price has retraced to the 38.2% Fibonacci level.

Chart below:

At the 38.2 Fibonacci retracement level price has formed a Double Top at 1.3150

Chart below:

Price has now broken down through the averages and pivot points allowing a short position to be considered.

My entry Levels and chart are below.

1st Entry: 1.3040
2nd Entry: 1.3050

Averaged Entry: 1.3045

Stop Loss: 1.3070

1st Target: 1.2920 (5%)
2nd Target: 1.2860 (7.4%) Fibonacci extension level

Chart below:

I will update again should the trade be triggered.

Regards

Cable Update: Friday 19th october 2012 17:52

Cable.

Price tried to pull back and came within 20 pips of my first order, however this did not offer a great risk reward.

Price has now made its move down to 1.6000 without me and I have removed my orders.

Chart below:

 

Have a good weekend

 

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

 

Regards

 

 

Cable: Friday 19th October 2012 04:41hrs

Cable:

Cable is in a longer term down trend.
Price has retraced back the 50% Fibonacci level and has been going sideways August.

Chart below:

There is a clear resistance level at 1.6300 and a sloping trend line above.

I am looking to enter short.

Chart below:

 

Yesterday evening and over night price has made a move down through the averages and the pivot points and a short set up has presented itself.

 

My levels and chart are below.

 

1st Entry: 1.6085

2nd Entry: 1.6105

 

Average Entry: 1.6095

 

Stop Loss: 1.6125

 

1st Target: 1.5990 (3% & previous support)

 

2nd Target: 1.5830 (8.5% & Fibonacci extension level)

 

 

 

I will update again if and when the trade is triggered.

 

Have a good day.

 

Regards