Wednesday, May 26, 2010

Eur trade and Aud trade


Eur/Usd entry at 2307 level .confirmed counter trend trade we saw offers come in at the 40 level and with the reports coming out with slight neg sentiment I decided to cover my trade for + 20 especially in this market lately we have been in trades in positive to see the market reverse and close out for a neg especially with any kind of negative sentiment with the euro could cause broad offers and sell of f to see a extension downwards

Aud/Usd trade entry 8275 level...prices extended up towards the 83.16 level ...offers came in at just above yesterdays intraday high thus correcting itself to 61.8% level where a bid tone held prominently....currently long with a fairly low risk to the downside in anticipation to the 8350 level

Tuesday, May 25, 2010

Eur waves



Monday, May 24, 2010

EUR/JPY trade


EUR/JPY entry long @112.27 for an anticipated extension upwards keep the downside risk relatively
tight for an anticipated extension to the 85 level
though offers are coming in at the 20 ,21 level
 I closed out the trade at a +5 pip ,as my feeling is it wont take much to move price to the down side risk even though we are seeing 33 -35 bids ,I consider this trade a weak long position

Eur trade



Entry @ 1.2469 ...reduce half my position at 1.2429
stop at 10 pips below entry

cable trade

GBP trade ....entry 1.4518  .exit 1.4478 stopped out for loss

recovering

Hi there guys ...I know I have not been on lately or posted trades but unfortunately I was involved in a car accident ...but hopefully I am back in action