Wednesday, 3 February 2010

Trade Update

Eur/Aud - short avg. 1.5820 stop 1.5800 .. watching for exit after reaching 50% fib. Hourly close above 1.5755 and I will exit
Usd/Cad - long 1.0555 stop 1.0555 . Possible target 1.0650 channel sup now turned res.
Gbp/Usd - short 1.6015 stop 1.6015 , approaching first tgt at 1.5965 channel support.
Aud/Usd - short  0.8898 stop 0.8915 .. I jumped the gun a little here...we still  are  holding  above the 30 min 200 ema so we still may see a  bounce toward channel res at 0.8925..indicators are turning lower but have not fired 100%
Xag/Usd  - short 16.81 stop 16.95 no tgt as yet.. trade taken on break and close of hrly 200 ema . Indicators are turning bearish but have not crossed, a break through 16.70 would confirm a retracement lower.
Eur/Usd - short 1.4000  stop 1.4035... 30 min indicators have crossed over bearish, usdchf making a bounce out of the 1.0495 area and usdx held the  hrly 200sma ...   why  not

other trades to watch -

Aud/Jpy - short on breakand close under the hourly 200 lwma with indicators bearish,
Eur/Jpy - short on break and close under hourly 300 lwma with indicators bearish.

Told you it looked like it might be busy.... Early day yet as I may have jumped the gun a little.. I will  try and move stops to entry as things begin to move in the desired direction.

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