My blog has moved. If you are following along please bookmark this new page:
http://big-trading.blogspot.com/
Monday, February 1, 2010
Analysis and some charts
Time for me to get back to work!
Indices have had their biggest fall since before March of last year and the dollar rally is well and truly on. I used to pile into trades at the beginning of the week but MacroMan mentioned an interesting Monday effect here which will make me more cautios and look harder for my entries: http://www.bespokeinvest.com/thinkbig/2010/1/25/monday-bull-market-still-intactfor-now.html
Major numbers and therefore event risks this week are:
CNY - Manufacturing PMI Sunday night
AUD - RBA rate statement is due on Monday night (I think market has priced in a hike) followed by trade balance Tuesday night.
NZD - Labour costs Monday night & employment numbers Wednesday night
CAD - Ivey PMI Thursday, and monthly employment numbers Friday
GBP - Manufacturing PMI Monday, Halifax house prices Tuesday, Services PMI Wednesday and Thursday is the big day with rate statement, MPC monthly statement and Asset purchase numbers. Friday is PPI.
EUR - ECB statement and Minimum Bid rate Thursday
CHF - A quiet week. The SNB like to do their work on Friday afternoon when London has gone home. They may continue to meddle in EURCHF and USDCHF.
JPY - a pretty quiet news week
Dollar Index
A pretty good unptrend underway and on its way to round number resistance at 80, and pivot at 80.40 in the middle of a previous congestion zone.
(weekly chart)
Crude. Continues to be very bearish with a break of the last major daily trendline support and a good hold below 75. I am selling rallies and holding for a retest of $70, looking for a break of that and a break of the previous swing low in the 68.60 area. Daily bearish engulfing candle, a solid move through 72.80, the 61.8 fib of the last swing and fibonacci expansions say we go to $70 at least.
Gold
Bearish correction, Gold poked its toe through the December low on Friday before closing above at 1080. I stronger push below 1074 would I am sure trigger some bigger stops and my initial target is 1055, the bottom of the descending channel and resistance becoming support on the October swing high.
Silver. Downtrend continues with a weekly continuation and a daily inside bar above key support at 16.00
Daily trendline broke on the 4th touch and my initial target is support and weekly trendline support from the lows at 15.72
AUDUSD Bearish continuation. I am bearish, the Head and shoulders pattern that broke in December projects a a target of 84.00 but in the shorter term I am a seller of rallies looking for a test of the previous swing low at 87.35
AUDJPY – strong downtrend- Last daily support line was broken last week and I am a seller of rallies with targets 78.86, 78 & 76.30
NZDUSD Continues to make lower lows and lower highs I am a seller of rallies looking for a retest of the December low around 69.70. My targets are 69.70, 69.00 and 66.00
NZDJPY - strong downtrend, like AUDJPY I am a seller of rallies. I would sell a retest of 63.44 and my downside targets are 62.35, 61.46 and 60.19
USDCAD. Bullish, I think this might be my favourite trade. Has bounced of the 78.6fib of the Nov07 low and March 09 high and closed back above the 61.8fib.
I would buy a retest of the pivot at 1.0580 and my long term targets are 1.10 and 1.115 (61.8 fib retracement).
CADJPY – strong downtrend accelerating, I think this could go to the bottom of the range at 75. Price is consolidating above the pivot level at 83.70 and I would rallies (a retest of 85.80 maybe) or a break below this level.
AUDNZD – Uptrend, but not a trade for me. Support at 1.24 and resistance at 1.2775
EURNZD – upwards correction in a downtrend. I would sell off the 2.00 level. A close above that might suggest a bottom in. Below this level and I am a seller of rallies.
GBPAUD – uptrend, but this is close to the top of the range and I would be looking for price action to short here for a swing trade with good risk:reward. A break south of Friday's inside bar would be an interesting entry. A break above the top of the range at 1.84 would have me looking for a long. First support is at 1.75 and price action there intraday would get me long.
AUDCHF - Strong uptrend has stalled and I like this on the short side. I would sell a break of Fridays inside bar hoping for a break of the daily trendline support and a much bigger drop. First support is at 92.50 and first resistance at 95.30
GBPUSD – down trend – Price broke a daily flag/ wedge and bounced tonight on support at 1.5930. I would sell a retest of 1.60 from the underside or a break of the lows and my target is 1.57.
Support is at 1.5830 and 1.57, resistance at 1.6020, 1.6110 and 1.6180
A long term chart shows a possible diamond top on cable which would project a much bigger downside target below 1.50
GPBJPY – downtrend – I think this chart is setting up for a big drop but is trapped in a wedge at the moment. I am a seller at the break at 1.4360 and I would also sell a rally off 1.4730 or 1.485 anticipating a break of the wedge.
GBPCHF – uptrend but this pair is at the top of the range and a reversal or pullback is possible here. I like the risk:reward for a short and a swing trade and am looking for intraday price action to short. Further intervention by the SNB to weaken the CHF might screw this up however. A break above 1.71 and I would lose my view of a bearish correction and the uptrend would continue.
EURGBP – downtrend but like GBPCHF this looks like a swing low could be forming off the bottom of the long term triangle / wedge. I like the risk reward for a long here. I don't have an entry but I am looking for one. Longer term I am bearish this pair, and a break of the daily support/trendline would get me in short, or a sell if there was price action off a rally to 88.50/89.00
EURUSD – strong downtrend - the break below 1.40 on Friday sets this one up for a further drop to the 50fib and support at 1.3800. A break below 1.38 has further major support at 1.3750, then 1.3650 and 1.35. I am a seller of rallies and would look for a short entry in the 1.4050 area. Above that and I would wait out a bigger correction and price action to sell. Only a break above the last swing at 1.4583 changes my bearish view.
EURJPY – downtrend - this pair are right at the bottom of the 9 month range. A break down below the April low at 124.37 lines up a much bigger drop to 1.15. It's hard to see an entry unless you are already short right now. I am a seller of rallies and looking at resistance at 125.80 and 127.10 for entries. Above 127.10 and a bigger correction could be on the cards.
EURCHF - I don't really fancy trading against the SNB so I think I will pass :)
USDCHF – uptrend handily assisted by SNB intervention - A bottom is in place confirmed by a higher low and higher high. The break above 1.05 puts 1.07 in the target. I would buy a dip to 1.05, and a break below this I would buy the 1.04 level.
USDJPY – Downtrend, contained within a downtrending channel, only a break above 9380 changes my view and I am a seller of rallies for now.
USDNOK – uptrend - if the spread was better I would like this chart as much as USDCAD. A bottom is in confirmed by a higher low and price has broken above strong resitance at 5.89. I would be a buyer of dips and a dip to the 5.5.75 area with price action would get me long. Resistance at 6.00
USDSGD - uptrend - Similar chart to USDNOK a bottom is confirmed by a higher log and price is all set to break resistance and December 09 highs. A good looking inverse head and shoulders appears to have formed with a target of around 1.43.
USDZAR - sideways, a bottom appears to be forming but not confirmed and still rangebound. Not a trade for me.
Indices have had their biggest fall since before March of last year and the dollar rally is well and truly on. I used to pile into trades at the beginning of the week but MacroMan mentioned an interesting Monday effect here which will make me more cautios and look harder for my entries: http://www.bespokeinvest.com/thinkbig/2010/1/25/monday-bull-market-still-intactfor-now.html
Major numbers and therefore event risks this week are:
CNY - Manufacturing PMI Sunday night
AUD - RBA rate statement is due on Monday night (I think market has priced in a hike) followed by trade balance Tuesday night.
NZD - Labour costs Monday night & employment numbers Wednesday night
CAD - Ivey PMI Thursday, and monthly employment numbers Friday
GBP - Manufacturing PMI Monday, Halifax house prices Tuesday, Services PMI Wednesday and Thursday is the big day with rate statement, MPC monthly statement and Asset purchase numbers. Friday is PPI.
EUR - ECB statement and Minimum Bid rate Thursday
CHF - A quiet week. The SNB like to do their work on Friday afternoon when London has gone home. They may continue to meddle in EURCHF and USDCHF.
JPY - a pretty quiet news week
A pretty good unptrend underway and on its way to round number resistance at 80, and pivot at 80.40 in the middle of a previous congestion zone.
(weekly chart)
Gold
Bearish correction, Gold poked its toe through the December low on Friday before closing above at 1080. I stronger push below 1074 would I am sure trigger some bigger stops and my initial target is 1055, the bottom of the descending channel and resistance becoming support on the October swing high.
Silver. Downtrend continues with a weekly continuation and a daily inside bar above key support at 16.00
Daily trendline broke on the 4th touch and my initial target is support and weekly trendline support from the lows at 15.72
AUDUSD Bearish continuation. I am bearish, the Head and shoulders pattern that broke in December projects a a target of 84.00 but in the shorter term I am a seller of rallies looking for a test of the previous swing low at 87.35
AUDJPY – strong downtrend- Last daily support line was broken last week and I am a seller of rallies with targets 78.86, 78 & 76.30
NZDUSD Continues to make lower lows and lower highs I am a seller of rallies looking for a retest of the December low around 69.70. My targets are 69.70, 69.00 and 66.00
NZDJPY - strong downtrend, like AUDJPY I am a seller of rallies. I would sell a retest of 63.44 and my downside targets are 62.35, 61.46 and 60.19
I would buy a retest of the pivot at 1.0580 and my long term targets are 1.10 and 1.115 (61.8 fib retracement).
CADJPY – strong downtrend accelerating, I think this could go to the bottom of the range at 75. Price is consolidating above the pivot level at 83.70 and I would rallies (a retest of 85.80 maybe) or a break below this level.
AUDNZD – Uptrend, but not a trade for me. Support at 1.24 and resistance at 1.2775
EURNZD – upwards correction in a downtrend. I would sell off the 2.00 level. A close above that might suggest a bottom in. Below this level and I am a seller of rallies.
GBPAUD – uptrend, but this is close to the top of the range and I would be looking for price action to short here for a swing trade with good risk:reward. A break south of Friday's inside bar would be an interesting entry. A break above the top of the range at 1.84 would have me looking for a long. First support is at 1.75 and price action there intraday would get me long.
AUDCHF - Strong uptrend has stalled and I like this on the short side. I would sell a break of Fridays inside bar hoping for a break of the daily trendline support and a much bigger drop. First support is at 92.50 and first resistance at 95.30
GBPUSD – down trend – Price broke a daily flag/ wedge and bounced tonight on support at 1.5930. I would sell a retest of 1.60 from the underside or a break of the lows and my target is 1.57.
Support is at 1.5830 and 1.57, resistance at 1.6020, 1.6110 and 1.6180
A long term chart shows a possible diamond top on cable which would project a much bigger downside target below 1.50
GPBJPY – downtrend – I think this chart is setting up for a big drop but is trapped in a wedge at the moment. I am a seller at the break at 1.4360 and I would also sell a rally off 1.4730 or 1.485 anticipating a break of the wedge.
GBPCHF – uptrend but this pair is at the top of the range and a reversal or pullback is possible here. I like the risk:reward for a short and a swing trade and am looking for intraday price action to short. Further intervention by the SNB to weaken the CHF might screw this up however. A break above 1.71 and I would lose my view of a bearish correction and the uptrend would continue.
EURGBP – downtrend but like GBPCHF this looks like a swing low could be forming off the bottom of the long term triangle / wedge. I like the risk reward for a long here. I don't have an entry but I am looking for one. Longer term I am bearish this pair, and a break of the daily support/trendline would get me in short, or a sell if there was price action off a rally to 88.50/89.00
EURJPY – downtrend - this pair are right at the bottom of the 9 month range. A break down below the April low at 124.37 lines up a much bigger drop to 1.15. It's hard to see an entry unless you are already short right now. I am a seller of rallies and looking at resistance at 125.80 and 127.10 for entries. Above 127.10 and a bigger correction could be on the cards.
EURCHF - I don't really fancy trading against the SNB so I think I will pass :)
USDCHF – uptrend handily assisted by SNB intervention - A bottom is in place confirmed by a higher low and higher high. The break above 1.05 puts 1.07 in the target. I would buy a dip to 1.05, and a break below this I would buy the 1.04 level.
USDJPY – Downtrend, contained within a downtrending channel, only a break above 9380 changes my view and I am a seller of rallies for now.
USDNOK – uptrend - if the spread was better I would like this chart as much as USDCAD. A bottom is in confirmed by a higher low and price has broken above strong resitance at 5.89. I would be a buyer of dips and a dip to the 5.5.75 area with price action would get me long. Resistance at 6.00
USDSGD - uptrend - Similar chart to USDNOK a bottom is confirmed by a higher log and price is all set to break resistance and December 09 highs. A good looking inverse head and shoulders appears to have formed with a target of around 1.43.
USDZAR - sideways, a bottom appears to be forming but not confirmed and still rangebound. Not a trade for me.
Moved
My blog has moved. If you are following along please bookmark this new page:
http://big-trading.blogspot.com/
http://big-trading.blogspot.com/
Friday, January 22, 2010
2010
New Year, new blog.
I am back on Sunday after two many weeks off and have renamed the blog.
If you click on the old page you will be automatically be re-directed.
Have a great weekend.
I am back on Sunday after two many weeks off and have renamed the blog.
If you click on the old page you will be automatically be re-directed.
Have a great weekend.
Tuesday, November 10, 2009
Back in a few weeks
I just found out I am definately moving so I am taking a break from trading for a couple of weeks.
I might change the name of my blog too ... I just found out that cougars are supposed to be women over 40 who like younger men .... which I am not (well not over 40 anyway :) )
http://www.thedailymash.co.uk/index.php?option=com_content&task=view&id=2214&Itemid=81
In fact reading this I am not a cougar at all ....
I might change the name of my blog too ... I just found out that cougars are supposed to be women over 40 who like younger men .... which I am not (well not over 40 anyway :) )
http://www.thedailymash.co.uk/index.php?option=com_content&task=view&id=2214&Itemid=81
In fact reading this I am not a cougar at all ....
Monday, November 9, 2009
Monday 09 November
I am very behind. I spent the weekend with a flurry of activity selling my house and it looks like I might be moving in 3 weeks (fingers crossed) so no time to look at charts this weekend and I am taking some time off to pack.
CRUDE short balance closed 79.10 (+2.91%)
No Open Positions:
CRUDE short balance closed 79.10 (+2.91%)
No Open Positions:
Friday, November 6, 2009
Friday 06 November 2009 NFP
If anyone is wondering why someone who owns a private jet charter company is trading full time then this news from NetJets might help to explain. I am no fan of fractional ownership but these guys are the biggest fish in the pond, have the lowest operating costs and if they are not making it then no one is. More aviation companies in the US have failed this year than banks and thats saying something.
http://www.bloomberg.com/apps/news?pid=email_en&sid=axpOtX9rEJ5s
Slept in this morning for NFP day and then got up for the shocking headline CAD employment numbers (so much for green shoots) although beneath the numbers it was not that bad. My AUDCAD short not looking so pretty.
I have two small positions running, short crude and AUDCAD and if I don't like what happens after NFP I might take the rest of the day off.
NFP:
GBPJPY short 149.85 stop 150.35
CRUDE addition 78.99 stop 79.29
CRUDE addition closed 77.00- trendline support (+6.63%)
GBPJPY closed 149 - dbl bottom (+1.7%)
AUDCAD balance stopped out (-0.5%)
Open Positions:
CRUDE short 80.85 stop 81.15
http://www.bloomberg.com/apps/news?pid=email_en&sid=axpOtX9rEJ5s
Slept in this morning for NFP day and then got up for the shocking headline CAD employment numbers (so much for green shoots) although beneath the numbers it was not that bad. My AUDCAD short not looking so pretty.
I have two small positions running, short crude and AUDCAD and if I don't like what happens after NFP I might take the rest of the day off.
NFP:
GBPJPY short 149.85 stop 150.35
CRUDE addition 78.99 stop 79.29
CRUDE addition closed 77.00- trendline support (+6.63%)
GBPJPY closed 149 - dbl bottom (+1.7%)
AUDCAD balance stopped out (-0.5%)
Open Positions:
CRUDE short 80.85 stop 81.15
Thursday, November 5, 2009
Thursday 05 November 2009
I am struggling with charts this morning. Technically a failed breakout should produce a powerful reversal move and technically EURUSD broke the daily ascending trendline from the lows and then yesterdays FOMC moves put it back above it. This failed breakout (down) should be strongly bullish but it is weak, back below support and so the ECB rate decision today should be the decider. This failed breakout scenario applies for a lot of the charts including sterling ... also rate decision today. I am speculatively short but will cut trades if the decisions go against me.
S&P has broken daily support line but climbed up the underside of it yesterday and failed to close above after the FOMC. There is minor support from a more recent trendline but the price action and break of the more significant support line says more downside to come ... However until the other support line is broken another run up to test the 1075 area is not out of the question.
And gold is trending beautifully, channel is looking good:
Asian session last night:
EURJPY short 134.65 stop 135.05
AUDJPY short 82.35 stop 82.75
NZDJPY short 65.60 stop 65.85
GBPJPY short 150.20 stop 150.60
I have decided to close a lot of positions, EURUSD is looking bullish as are the indices and the dollar could take another dip. Will review again after rate statements.
USDCHF long closed 1.01665 trendline break (+1.16%)
AUDUSD short closed 0.9063 trendline break (+1.83%)
EURJPY short closed 133.75 (+2.25%)
NZDJPY short closed 65.00 (+2.4%)
AUDJPY closed 81.85 trendline break (+1.0%)
GBPJPY closed 149.20 trendline break (+2.5%)
EURUSD 26Oct closed balance 148.55 (+2.08%)
GBPUSD closed 1.6506 (+1.0%)
Open Positions:
CRUDE short 80.85 stop 81.15
AUDCAD short 0.9820 stop 0.9845
Asian session last night:
EURJPY short 134.65 stop 135.05
AUDJPY short 82.35 stop 82.75
NZDJPY short 65.60 stop 65.85
GBPJPY short 150.20 stop 150.60
I have decided to close a lot of positions, EURUSD is looking bullish as are the indices and the dollar could take another dip. Will review again after rate statements.
USDCHF long closed 1.01665 trendline break (+1.16%)
AUDUSD short closed 0.9063 trendline break (+1.83%)
EURJPY short closed 133.75 (+2.25%)
NZDJPY short closed 65.00 (+2.4%)
AUDJPY closed 81.85 trendline break (+1.0%)
GBPJPY closed 149.20 trendline break (+2.5%)
EURUSD 26Oct closed balance 148.55 (+2.08%)
GBPUSD closed 1.6506 (+1.0%)
Open Positions:
CRUDE short 80.85 stop 81.15
AUDCAD short 0.9820 stop 0.9845
Wednesday, November 4, 2009
Wednesday 04 November 09
I'm having a pretty cautious morning. I have a lot of positions on and I am riding some retracements, braveheart style but the volatility is not so much fun. The FOMC statement this afternoon is the big news of the day and I am not sure I will do much until then.
GBPJPY (Fri) stopped out balance 149.50 (+0.5%)
EURGBP short 89.50 stop 89.70 break of support
CRUDE short 80.21 stop 80.61 - addition see chart below
GBPJPY short 149.90 stop 150.30 - off 150 level (again)
AUDJPY closed 82.10 (+2.14%)
EURJPY closed 133.72 (+2.47%)
CRUDE addition stopped out (-1.0%)
EURGBP stopped out (-1.0%)
CRUDE short 80.21 stop 80.41 - trying again
CRUDE addition closed 80.11 - stocks rallying hard (+0.5%)
GBPJPY stopped out (-1.0%)
USDCHF balance stopped out (-0.5%)
Post FOMC:
USDCHF long 1.01433 stop 1.01233
AUDUSD short 0.9118 stop 0.9148
GBPUSD short 1.6556 stop 1.6606
Crude is at the top of my channel - breakout or range trade ? The SnP is at the 61.8fib of the last swing ...
Same with a lot of currency pairs too - here is cable 4hr:
And EURUSD at trendline, 50fib and underside of daily rising trendline from below:
Open Positions:
CRUDE short 80.85 stop 81.15
EURUSD short 1.4980 stop 1.5010
AUDCAD short 0.9820 stop 0.9845
GBPJPY (Fri) stopped out balance 149.50 (+0.5%)
EURGBP short 89.50 stop 89.70 break of support
CRUDE short 80.21 stop 80.61 - addition see chart below
GBPJPY short 149.90 stop 150.30 - off 150 level (again)
AUDJPY closed 82.10 (+2.14%)
EURJPY closed 133.72 (+2.47%)
CRUDE addition stopped out (-1.0%)
EURGBP stopped out (-1.0%)
CRUDE short 80.21 stop 80.41 - trying again
CRUDE addition closed 80.11 - stocks rallying hard (+0.5%)
GBPJPY stopped out (-1.0%)
USDCHF balance stopped out (-0.5%)
Post FOMC:
USDCHF long 1.01433 stop 1.01233
AUDUSD short 0.9118 stop 0.9148
GBPUSD short 1.6556 stop 1.6606
Same with a lot of currency pairs too - here is cable 4hr:
And EURUSD at trendline, 50fib and underside of daily rising trendline from below:
Open Positions:
CRUDE short 80.85 stop 81.15
EURUSD short 1.4980 stop 1.5010
AUDCAD short 0.9820 stop 0.9845
Tuesday, November 3, 2009
Tuesday 03 November 2009
Well we survived yesterdays full moon :) The only thing that is certain at the moment is the volatility.
The indices are at key levels on trendline support from the March lows and there seems to be quite a battle raging. The Dow Transportation Av and Russell 2000 have clearly broken the support lines, and have double topped. Overseas the Nikkei has broken out and the Dax has broken from the bull channel. The others are putting up a fight now.
EURUSD sitting on similar trendline support needs to break out to show the way. At this point I would not be surprised if the market rallies setting up some shorts for NFP and I am prepared to cut my positions and re-enter if that happens.
Because today is ..... "Turnaround Tuesday"
I left an order short last night for NZDJPY which was filled. The weekly has broken the rising trendline support from the lows.
Today I will sell Cable, AUDUSD on breaks of support lines and look to add to my existing positions if the indices look weak.
NZDJPY short 64.99 stop 65.19 - see chart
GBPUSD short 1.6349 stop 1.6389 - hourly trendline break
AUDUSD short 0.8998 stop 0.9028 - hourly trendline break
CRUDE short 77.98 stop 78.38 - addition
CRUDE addition banked 50% @3xR 76.78 (+1.5%)
GBPUSD stopped out (-1.0%)
CRUDE addition balance stopped out (-0.5%)
AUDUSD banked 50% @3xR 0.8938 (+1.5%)
NZDJPY stopped out (-1.0%)
AUDUSD stopped out balance (-0.5%)
Open Positions:
CRUDE short 80.85 stop 81.15
EURUSD short 1.4980 stop 1.5010
AUDCAD short 0.9820 stop 0.9845
AUDJPY short 83.81 stop 84.21
EURJPY short 135.70 stop 136.10
GBPJPY short 149.90 stop 150.30
USDCHF long 1.0190 stop 1.0170
The indices are at key levels on trendline support from the March lows and there seems to be quite a battle raging. The Dow Transportation Av and Russell 2000 have clearly broken the support lines, and have double topped. Overseas the Nikkei has broken out and the Dax has broken from the bull channel. The others are putting up a fight now.
EURUSD sitting on similar trendline support needs to break out to show the way. At this point I would not be surprised if the market rallies setting up some shorts for NFP and I am prepared to cut my positions and re-enter if that happens.
Because today is ..... "Turnaround Tuesday"
I left an order short last night for NZDJPY which was filled. The weekly has broken the rising trendline support from the lows.
Today I will sell Cable, AUDUSD on breaks of support lines and look to add to my existing positions if the indices look weak.
NZDJPY short 64.99 stop 65.19 - see chart
GBPUSD short 1.6349 stop 1.6389 - hourly trendline break
AUDUSD short 0.8998 stop 0.9028 - hourly trendline break
CRUDE short 77.98 stop 78.38 - addition
CRUDE addition banked 50% @3xR 76.78 (+1.5%)
GBPUSD stopped out (-1.0%)
CRUDE addition balance stopped out (-0.5%)
AUDUSD banked 50% @3xR 0.8938 (+1.5%)
NZDJPY stopped out (-1.0%)
AUDUSD stopped out balance (-0.5%)
Open Positions:
CRUDE short 80.85 stop 81.15
EURUSD short 1.4980 stop 1.5010
AUDCAD short 0.9820 stop 0.9845
AUDJPY short 83.81 stop 84.21
EURJPY short 135.70 stop 136.10
GBPJPY short 149.90 stop 150.30
USDCHF long 1.0190 stop 1.0170
Monday, November 2, 2009
Monday 02 November 2009
Lots of PMI data this morning but the big news comes later in the week. Seems very quiet after the big moves in Asia overnight and I am expecting some retracements after the big moves on Friday, but looking for some breakouts.
I am riding out the retraces with my shorts in crude, EURJPY, GBPJPY and AUDJPY.
AUDUSD short 0.9028 stop 0.9048 trendine break
GBPUSD short 1.6445 stop 1.6480 hourly trendline break
AUDUSD stopped out (-1.0%)
GBPUSD banked 50% @3xR 1.6355 (+1.5%)
GBPJPY short 148 stop 148.35 - addition
EURJPY short 133.25 stop 133.45 addition 50fib retrace
USDJPY short 90.00 stop 90.15 - 1hr trendline break
GBPJPY banked 50% @3xR 146.95 (+1.5%)
CRUDE short 77.95 stop 78.30 - addition
CRUDE banked 50% @3xR 76.95 (+1.5%)
GBPUSD short 1.6337 stop 1.6372 - addition, 1hr trendline break
GBPUSD addition stopped out (-1.0%)
GBPJPY addition balance stopped out (+1.0%)
USDJPY stopped out (-1.0%)
EURJPY stopped out (-1.0%)
CRUDE addition balance stopped out (-0.5%)
The ISM numbers that were slightly better than expected ate all my stops ... :(
USDCHF long 1.0190 stop 1.0170, hourly IB off the lows
CRUDE short 78.40, stop 78.75, rejection of 50fib last swing
CRUDE addition banked 50% @3xR 77.35 (+1.5%)
CRUDE addition balance closed 77.55 (+1.21%)
GBPUSD closed 1.640 (+0.64%)
USDCHF long banked 50% @3xR 1.0250 (+1.5%)
Open positions:
CRUDE short 80.85 stop 81.15 (1/2)
EURUSD short 1.4980 stop 1.5010 (1/2)
AUDCAD short 0.9820 stop 0.9845 (1/2)
AUDJPY short 83.81 stop 84.21
EURJPY short 135.70 stop 136.10
GBPJPY short 149.90 stop 150.30
USDCHF long 1.0190 stop 1.0170
I am riding out the retraces with my shorts in crude, EURJPY, GBPJPY and AUDJPY.
AUDUSD short 0.9028 stop 0.9048 trendine break
GBPUSD short 1.6445 stop 1.6480 hourly trendline break
AUDUSD stopped out (-1.0%)
GBPUSD banked 50% @3xR 1.6355 (+1.5%)
GBPJPY short 148 stop 148.35 - addition
EURJPY short 133.25 stop 133.45 addition 50fib retrace
USDJPY short 90.00 stop 90.15 - 1hr trendline break
GBPJPY banked 50% @3xR 146.95 (+1.5%)
CRUDE short 77.95 stop 78.30 - addition
CRUDE banked 50% @3xR 76.95 (+1.5%)
GBPUSD short 1.6337 stop 1.6372 - addition, 1hr trendline break
GBPUSD addition stopped out (-1.0%)
GBPJPY addition balance stopped out (+1.0%)
USDJPY stopped out (-1.0%)
EURJPY stopped out (-1.0%)
CRUDE addition balance stopped out (-0.5%)
The ISM numbers that were slightly better than expected ate all my stops ... :(
USDCHF long 1.0190 stop 1.0170, hourly IB off the lows
CRUDE short 78.40, stop 78.75, rejection of 50fib last swing
CRUDE addition banked 50% @3xR 77.35 (+1.5%)
CRUDE addition balance closed 77.55 (+1.21%)
GBPUSD closed 1.640 (+0.64%)
USDCHF long banked 50% @3xR 1.0250 (+1.5%)
Open positions:
CRUDE short 80.85 stop 81.15 (1/2)
EURUSD short 1.4980 stop 1.5010 (1/2)
AUDCAD short 0.9820 stop 0.9845 (1/2)
AUDJPY short 83.81 stop 84.21
EURJPY short 135.70 stop 136.10
GBPJPY short 149.90 stop 150.30
USDCHF long 1.0190 stop 1.0170
Friday, October 30, 2009
Friday 30 October 2009
Lots of US news later might mean a slow start until the US opens ... I am watching silver for possibilities of shorts ...
EURUSD short 1.4835 stop 1.4855 - addition
CRUDE short 79.84 stop 80.19 - break of overnight lows
AUDCAD addition (yesterday) stopped out (-1.0%)
GBPJPY short 149.90 stop 150.30, break of 150 level
AUDJPY banked 50% @3xR 82.61 (+1.5%)
EURJPY banked 50% @3xR 134.50 (+1.5%)
EURUSD addition banked 50% @3xR 1.4775 (+1.5%)
CRUDE addition banked 50% @3xR 78.79 (+1.5%)
GBPJPY banked 50% @3xR 1.4870 (+1.5%)
USDCHF long 1.0237 stop 1.0207, 1hr IB (DIBS)
CRUDE addition balance banked 77.35 (+3.55%)
EURUSD addition closed 1.4730 (+2.62%)
USDCHF closed 1.0255 (+0.6%)
Open positions:
CRUDE short 80.85 stop 81.15 (1/2)
EURUSD short 1.4980 stop 1.5010 (1/2)
AUDCAD short 0.9820 stop 0.9845 (1/2)
AUDJPY short 83.81 stop 84.21
EURJPY short 135.70 stop 136.10
GBPJPY short 149.90 stop 150.30
EURUSD short 1.4835 stop 1.4855 - addition
CRUDE short 79.84 stop 80.19 - break of overnight lows
AUDCAD addition (yesterday) stopped out (-1.0%)
GBPJPY short 149.90 stop 150.30, break of 150 level
AUDJPY banked 50% @3xR 82.61 (+1.5%)
EURJPY banked 50% @3xR 134.50 (+1.5%)
EURUSD addition banked 50% @3xR 1.4775 (+1.5%)
CRUDE addition banked 50% @3xR 78.79 (+1.5%)
GBPJPY banked 50% @3xR 1.4870 (+1.5%)
USDCHF long 1.0237 stop 1.0207, 1hr IB (DIBS)
CRUDE addition balance banked 77.35 (+3.55%)
EURUSD addition closed 1.4730 (+2.62%)
USDCHF closed 1.0255 (+0.6%)
Open positions:
CRUDE short 80.85 stop 81.15 (1/2)
EURUSD short 1.4980 stop 1.5010 (1/2)
AUDCAD short 0.9820 stop 0.9845 (1/2)
AUDJPY short 83.81 stop 84.21
EURJPY short 135.70 stop 136.10
GBPJPY short 149.90 stop 150.30
Subscribe to:
Comments (Atom)
