AUD / USD UPDATE: 18/02/13 15.50HRS

AUD / USD:

My first order has been hit and I am short from 1.0310 with 0.5% exposure to the market.

Price has moved down a little, I have removed my second order and lowered the stop loss to 1.0325

I have 0.25% risk at the time of writing.

I will look to move the stop to break even before the end of the day.

Chart below:

I will update again before the the end of the day

Regards

AUD / USD: 18/02/13 07:22 HRS

AUD / USD:

Aussie USD is in a medium term down trend:

Chart below:

 

Price pulled back at the end of last week allowing short positions to be consider on the next break down.

 

Price has broken down over night and I have 2 entries and detailed below.

 

Levels and Chart below:

 

1st Entry: 1.0310

2nd Entry: 1.0320

 

Averaged Entry: 1.0315

 

Stop Loss: 1.0345

 

1st Target: 1.0230 (2.8% & previous low)

2nd Target: 1.0165 (5%)

 

 

I will update again shoul the trade be triggered.

 

Reagrds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR / USD UPDATE: 15/02/13 04:45hrs

EUR / USD:

My orders have not been triggered.

Price has not retraced to the required levels to allow an entry with good risk reward.
It's just not my style to jump in just for the sake of it.
I will remain patient and wait for the patterns to develop.

I have removed my orders and will look for a trade with better risk reward.

Chart below:

 

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

 

Have a good day.

 

Regards

 

 

 

EUR / USD: 14/02/13 10:58HRS

EUR / USD:

This pair is in a long term down trend.
Price has pulled back towards the 50% Fibonacci level.
This will allow a short position to be considered when price decides to break back down.

Chart below:

Although EU remains supported in the short term, the GDP figures released this morning, have pushed price back down through the averages and pivot points.

I am looking for a short entry as detailed below.

Levels and chart below:

1st Entry: 1.3400
2nd entry: 1.3420

Averaged entry: 1.3410

Stop Loss: 1.3450

1st Target: 1.3210 (5%)
2nd Target: 1.3000 (10.25% previous low and Fibonacci extension level)

 

 

 

I will update again should the trade be triggered.

 

Regards

AUD / JPY UPDATE: 08.02.13 19:33 HRS

AUD / JPY:

Price has pulled back on the back of the Dow rally earlier this afternoon.

I have been stopped for a profit of 1%.

Chart below:

 

To be honest, its been a tough week. I have not made a lot of money but I think I have done OK in the current market conditions.

 

I am sure I will make the 100% target I set for my self this year, I just need to stick to the strategy, stay disciplined and remain focused.

 

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

 

I hope you all have a great weekend.

 

Best Regards

 

 

AUD / JPY UPDATE 08.02.13 13:33HRS

AUD / JPY:

Price has continued to move lower through the European session.

Price is now 100 pips from the entry (96.40) at 95.40

I have decided to lock in 50 pips or 1% profit on this position.

Chart below:

 

I have revised my take profit limit order to the new target of 93.90 or 5% and a fib extension level

This is unlikely to be hit this afternoon, therefore if I am still in the position at the close (22:00hrs), I will hold over the weekend.

I will update again before the close at 22:00hrs.

Regards.

AUD / JPY UPDATE: 08/02/13 04:29HRS

AUD / JPY:

Price has retraced to my orders and both have been triggered.

Price then made a nice move down to the lows of yesterday at 95.90.

This move allowed me to move my stop loss to break even eliminating the risk on the position.

However price has retraced a little and I have been stopped out on the first position at 95.24

At the time of writing I remain short from 95.40 with 0.5% exposure and with NO risk.

The chart is below:

 

I will update again when the next strategy trade has been identified, or if the position needs my attention.

 

Have a good day

 

TFI FRIDAY!!!!!

 

 

Regards