Cable Update: Friday 30th November 2012 17:51hrs

Cable:

Unfortunately price has not remained below the averages and I have been stopped at break even

Chart below:

 

I am calling it a week.

I will post again when the next strategy trade has been identified

Have a great weekend

Regards.

Cable: Friday 30th November 2012 14:10hrs

GBP / USD

Cable is in a decending channel.

Chart below:

Price has retraced to the 61.8% Fibonacci level of the previou moved down and the top of the decending channel at 1.6050.

Chart below:

This afternoon price has broken down through the short term averages and I am looking for a short entry as shown below.

Levels and chart below:

1st Entry: 1.6020
2nd Entry: 1.6030

Averaged entry: 1.6025

Stop Loss: 1.6060

Target: 1.5850

I will update again if the trade is triggered.

Regards

EUR / AUD Update: Thursday 29th Novemeber 2012 04:46hrs

EUR / AUD

Price has reversed overnight.

With EUR strength across all the instruments, I have been stopped for a profit of 0.5%.

Chart below

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

Regards

EUR / AUD Update: Wednesday 28th November 2012 19:29hrs

EUR / AUD

Price is slowly making its way down towards the target.

The position is in profit by 1.8% at the time of writing.

Chart below:

The spread is large on this pair at 8 pips, therefore it makes it a little more difficult to push the stop down.

I have moved the stop to 1.2365 locking in 0.5% profit.

I will update again tomorrow morning, when I hope to be in a position to move the stop down a little further.

Have a pleasant evening

Regards

EUR / AUD Update: Wednesday 28th November 2012 04:35hrs

EUR / AUD

The trade has been triggered over night and price is starting its move back down towards the first support level at 1.2350.

I am short 1% as both orders were triggered

Chart below:

I have move the stop loss on the 2nd entry (1.2385) to break even.

Therefore, I still have risk of 0.5% on the position at the time of writing. (04:41hrs)

I will update again later this morning

Have a great day

Best reggards

EUR / AUD: Tuesday 27th November 2012 13:21hrs

EUR / AUD

This pair is in a medium term down trend.

Chart below:

 

Price has pulled back to the 38.2% Fibonacci level and has been unable to break through the resistance level at 1.2400

The averages have crossed to the down side and price has broken through the Weekly Central Pivot point.

I am looking for a short entry as detailed below

Levels and Chart below

1st Entry: 1.2380
2nd Entry: 1.2385

Averaged Entry: 1.23825

Stop Loss: 1.2410

1st Target: 1.2244 (5%)

2nd Target: 1.2175

I will update again should the trade be triggered.

Regards

AUD / JPY: 4% Profit has been banked

AUD / JPY

To Confirm, My Stop has been hit at 84.55 for a profit of 4%

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

Have a great evening