AUD / USD UPDATE: 31.01.2013 04.45HRS

AUD / USD:

Price has retraced to the averages as expected.

However my orders were to conservative and the high of the pull back was at 1.0435. (10 pips from my first order)

As you will see from the chart below, the stochastic didn't get to the overbought region, so the pull back was weak. As you would imagine this is good as I am selling. It is not good when it happens at 2AM and I am unable to adjust my orders to get into the trade.

My orders has not been hit and I have removed them.

See chart below

 

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

 

Regards

 

 

AUD / USD: 30.01.2013 10.56HRS

AUD / USD:

This pair has been in a mid term down trend.

Chart below:

 

As you can see price has pulled back to the 50% Fibonacci level where it has found a resistance level at 1.0475

 

Price has broken down this morning and I am looking to enter short ofter a small pull back to the averages.

 

Levels and Chart below:

 

1st Entry: 1.0445

2nd Entry: 1.0450

 

Averaged entry: 1.0447

 

Stop Loss: 1.0470

 

Target: 1.0332 (5%)

 

 

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

 

Regards

 

 

 

GBP /AUD UPDATE: 30.01.2013 04:51HRS

GBP / AUD:

I have been stopped at break even.

My stop loss was at 1.5069.

The spread has widened over night (the quiet period) and it has taken me out.

The high from last night on the chart is 1.5063

Chart below:

 

Price is now down at 1.5035 in profit by 0.5%, not going to change the world just yet, however it was a good position.

Chart below:

I will update again when the next strategy trade is identified.

One of these will go soon enough :-)

Regards

GBP / AUD UPDATE: 29/01/2013 17:21HRS

GBP / AUD:

Price has pulled back and my first order at 1.5070 has been hit.

I had adjusted the levels slightly before the trade was triggered, therefore the initial stop loss was at 1.5110.

I am now short with 0.5% exposure and a 40 point stop loss.

Price has made its move away from the entry and I have been able to move the stop loss to break even eliminating the risk on the position.

Chart below:

 

I will hold the position until either my limit or stop loss order is hit.

 

I will update again tomorrow morning.

 

Have a good evening

 

Regards

 

 

GBP / AUD:29.01.2013 10:47HRS

GBP / AUD:

This pair is in a down trend,with price is making lower highs and lower lows.

Chart below:

In the past 24hrs price has broken down through the averages and pivot points and I am looking for a short trade as detailed below

Levels and Chart below:

1st Entry: 1.5070
2nd Entry: 1.5090

Averaged Entry: 1.5080

Stop Loss: 1.5130

1st Target: 1.4830 (5%)
2nd Target: 1.4730 (Previous low & 7%)

 

 

I will update again should my orders be filled.

 

Regards

 

 

EUR / JPY & USD / JPY Update: 24.01.2013 17.34

EUR / JPY & USD JPY

Price has not pulled back to allow and entry on either of the trades.

I have removed my orders

Charts below:

EJ

 

 

UJ

 

 

Looks like I was to late on this one.

 

Looking back the best time to enter was at around 04:30 am.

 

I was in the shower!!!

 

Will post again when the next strategy trade has set up

 

Regards

 

EUR / JPY 24.01.2013 11:05hrs

EUR / JPY:

EJ is in an up trend

Chart below:

Price has pulled back over recent days allowing an entry with good risk reward.

Price has today broken up through the averages and I have 2 orders as detailed below.

Levels and Chart below:

1st Entry: 118.60
2nd Entry:118.50

Averaged entry: 118.55

Stop Loss: 118.25

Target: 120.05

 

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

 

Regards