Monday initial update

Guess thats the problem when one has a family and lives at the ass end of the world ..... Sunday night is not the best night to be sitting down glued to the screens.. Missed the chance to exit the third 1/4 of our open trades so I´d better get to work on that.. Taking profit is possibly the hardest part of trading for me, so, its a  work in progress... I always try to keep a mindset being, that if I am short and looking to take profit, I ask myself. Would I go long at this point?...If the answer is  no, then stay short...  ok. you get the drift.

coffee, check
smokes, check
eyes open n cleared, check

lets begin.



Eur/Usd - 4 hrly chart crossed bullish, immediate downtrend  broken at 1.3645 and has reached 30 min 100 sma, slightly through the 23.6 fib..shorter time frames indicators are also bullish but are looking a little weak. Wait n see if we get a pullback to exit the third 1/4.

Gbp/Usd - Hmm  cable  made lower lows...must be Eur/Gbp.. Also  cable  stopped at previous daily support  now  turned resistance..1.5624.Work to buy 1/4 at 1.5550 oco 1.5630 on stop.

Aud/Usd - Similar to Euro, 4 hrly chart crossed bullish and price has broken  immediate down trend, but again shorter tf charts look weak. Will watch to see  how price action unfolds between 0.8655/0.8720.

Usd/Cad - Missed that one completely...1.0720 has been an important level over the last few days and price held there during the asian session..a quick look at crude, gold and silver says that  rather than trying to chase this big red bus down the street, its better to wait and see how  things develop in Nyk trading. Watchong 1.0630/40 area for support.

Yen Crosses - a quick look at the YMH0 chart tells me the retracement off fridays lows is still unfolding , although like the Euro and Aussie short term indicators look fragile and price remains under 9995 breakdown level.
Aud/Jpy - 77.32/78.15 levels to watch.
Eur/Jpy - 121.80/123.05
Gbp/Jpy -  23.6 fib has held the retracement thus far , 4 hrly chart as in the case of the cable has not crossed bullish as yet. Think we may see choppy trade between 138.50/140.00.

Xag/Usd - Spot Silver remains in a tight range after the bounce out of the lows on friday. 4 hrly charts are beginning to cross up bullish . Shorter tf´s are bullish although indicators are starting to look a little tired. 15.05/15.35 defines the immediate range.