9 August 2012

Trades update

Hi all, sorry for the delayed posts but I have been working with The Prince's Trust the past week (post to follow on the inspirational and amazing things I've learnt and seen!) but due to a few emails from some of you here is an update on some trades I'm currently in, expired or currently looking at:

USDCAD - Although this stopped out on an end of day basis, the intra-day entry off the 4hour chart provided a decent 3:1 (reward:risk) trade

NZDCAD - My stop has been moved to break even and the intra-day entry off the 1hour chart has been banked at 4:1. The end of day scaled in entry is still running

FTSE 100 - This trade broke through the resistance level as I previously suggest would happen. The entry was the inside bar retracement on the 4hour chart. Looking to re-enter Long on a pullback

GBPCHF - Currently long on the re-test off the strong support level at 1.5110, 4hour entry and scaled in on an end of day inside bar entry

AUDNZD - Currently long trading at the bottom cycle of this ascending triangle, waiting for a break of the resistance level at 1.3100

EURGBP - Short off a retest of the 3 year low and 50dma

NYMEX Crude Oil - Potential false break of $90 as RSI diverging and 100sma crossing 200ema. Could also be an Elliott wave 4. Short off today's high test bar

Happy trading!

No comments:

Post a Comment