GBP / AUD 14.01.2013 13:39hrs

GBP / AUD:

This pair is in a longer term down trend.

Chart below:

Price has recently pulled back allowing short entries to be considered.

This morning price has broken down through the averages and I am looking to enter short on a pull back as detailed below.

Levels and Chart below.

1st Entry: 1.5240
2nd Entry: 1.5255

Averaged Entry: 1.5247

Stop Loss: 1.5285

Target: 1.5055

 

I will update again should the trade be triggered.

 

Regards

 

Cable: 14.01.2013 12:15hrs

Cable:

Cable has been unable to make a move higher and on the shorter term charts price is making lower lows and lower highs.

There is a clear triple top at 1.6300 and this morning price has broken down through the averages.

Chart below:

On the lower time frames you can see that price has made a move down and then pulled back to the 50% Fibonacci level before braking through the averages this morning

Chart below:

 

I have two orders to short cable as detailed below.

 

Chart and levels below:

 

1st Entry: 1.6095

2nd Entry: 1.6110

 

Averaged entry: 1.6107

 

Stop Loss: 1.6140

 

Target: 1.5940 (5%)

 

 

I will update again should the trade be triggered.

 

Regards

 

 

Cable Update: 11/01/2013 20:22hrs

Cable.

After an initial move of 60 pips into profit price has only drifted and I have been stopped at 1.6120 for a profit of 10 pips.

Chart below

I will start again on Monday.

Have a good weekend

Regards

Cable Update: 11.01.2013 14:41hrs

Cable:

Price has retraced to the Daily Pivot Point and my first order has been triggered at 1.6110.

I am Long Cable from 1.6110 with 0.25% exposure.

I have removed the second order.

There is data due to be released at 13:30hrs from the USA in the form of US Trade Balance.

Therefore with the new announcement only 45minutes away, I have moved the stop Loss to break even eliminating the risk on this position.

Chart below:

 

Have a good afternoon

 

Regards

 

 

Cable Update: 11/01/13.04:44hrs

Cable:

Price has yet to pull back.

I have adjusted my orders as shown below.

1st Entry: 1.6110
2nd Entry: 1.6090

Averaged Entry: 1.6100

Stop Loss: 1.6060

Target: 1.6300

Chart below

 

I will update again if the trade is triggered.

Have a great day

Regards

Cable: 10.01.13 15:00hrs

Cable:

Cable is in an ascending wedge.

Chart below:

I am looking for a long trade.

Price has broken up through the averages and I have two orders to buy cable as detailed below.

Levels and Chart below:

1st Entry: 1.6065
2nd Entry: 1.6055

Averaged Entry: 1.6060

Stop Loss: 1.6025

Target: 1.6235 (5%)

 

 

I will update again if the trade is triggered.

 

Regards

 

EUR / USD Update: 09/01/13 14:39hrs

EUR / USD:

Price has messed around for most of the morning.

During this range bound period I have been stopped at break even.

Price has since made its move down by 40 odd pips. Nothing to exciting but still a profit of 1.5%

I could have held the risk on the position, but i just wasn't prepared to be stopped out for -1% in a slow market.

Chart below:

 

 

I am a tad gutted as my entries were perfect with today's high at 1.30954.

However I would be more gutted to get stopped on a position that was doing nothing and had become only a 50 - 50 shot at 5am.

For the trade to be viable I need a push away from the entry as soon as possible.

I held the risk over night and wasn't happy holding into The London Open.

 

My Bad....

 

I will post again when I find the next strategy trade.

 

Regards