USD / CAD UPDATE: THURSDAY 29/08/2013. 17:13HRS

USD / CAD:

Price has retraced and stopped me at break even.

Price has now moved back up and is the position is making new highs without me.

Current price is 1.0528 or 1.6% in profit.

Chart below:

 

 

Price is cheeky when volume is low.

 

I feel cross that this has happened again, but in real time removing the risk looked like the right thing to do.

 

Obviously with hindsight that was wrong.

 

My bad.

 

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

 

 

 

 

USD / CAD UPDATE: THURSDAY 29/08/2013. 14:13HRS

USD / CAD:

Price has retraced back to the the first order.

I am long from 1.0495 with 0.5% exposure to the market.

The second order was missed by 1 pip and I have removed it.

Price has made a new high allowing me to move the stop loss to break even, eliminating the risk on the position.

Chart below:

 

I will update again later this evening.

 

 

USD / CAD: THURSDAY 29/08/2013. 10:15HRS

USD / CAD:

USD / CAD is in an uptrend.

Chart below:

 

Price has pulled back and has now formed a Double bottom.

 

Chart below:

 

 

Price has broken up through the averages and I am looking for a long position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.0495

2nd Entry: 1.0490

 

Averaged Entry: 1.0492

 

Stop Loss: 1.0470

 

Target: 1.0602

 

 

I will update again should the position be opened.

 

 

 

 

USD / SGD UPDATE: THURSDAY 29/08/2013. 06:55HRS.

USD / SGD:

Price pulled back as expected.

The high of the pull back was 1.2789, my 1st order was at 1.2790 (1pip shy)

Price has now moved down to test the previous low at 1.2740.

I have removed my orders.

Chart below:

 

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

 

 

USD / SGD: WEDNESDAY 28/08/2013. 19:12HRS

USD / SGD:

This cross has made its way to a good resistance level.

Chart below:

Price has formed a clear Double Top at the resistance level. Price has broken broken through the averages this afternoon.

Chart below:

 

I am looking for a short position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.2790

2nd Entry: 1.2800

 

Averaged entry: 1.2795

 

Stop Loss: 1.2830

 

Target: 1.2620

 

 

 

I will update again should the position be opened.

 

 

 

 

GBP / USD UPDATE: Friday 23/08/13. 19:03hrs

GBP / USD:

Price did retrace to the entry level.

Price action has been dreadful and on the retracement I removed the second order to buy at 1.5610

The position was opened at 1.5620 with a 40 pip stop loss, price broke back down through the averages and hit the stop loss for -0.5%

Price has since gone sideways.

August thin and choppy, except for the position that didn't get hit AUD / JPY (5% hit)

I finish the week -1.5%.

I will be looking to make a gain of 5% next week.

Have a good weekend.

Chart below:

 

 

 

GBP /USD: FRIDAY 23/08/2013. 09:59HRS

GBP / USD:

Cable is in an up trend.

Chart below:

 

Price has pulled back to the Weekly Pivot Point and the 50% Fibonacci level

 

Chart below:

 

 

Price has this morning broken back above the averages and I am looking for a long position as detailed below.

 

Levels and Chart below:

 

1st Entry: 1.5620

2nd Entry: 1.5610

 

Averaged Entry: 1.5615

 

Stop Loss: 1.5580

 

Target: 1.5790

 

 

I will update again should the position be opened.