Month: August 2013

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GBPUSD 27.08.2013 Trade Update

GBPUSD 27.08.2013 Trade Update

From my trade outlook on the GBPUSD mandate dated 23.08.2013, I mentioned that I would like to short the GBPUSD. I manage to short the GBPUSD at 1.5624. I had a first target at 1.5463. However during the course of price action, the levels changed and I revised the target to 1.5531. The first target…

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GBPUSD 23.08.2013 Trade Outlook

GBPUSD 23.08.2013 Trade Outlook

The GBPUSD has found resistance at 1.5697. The show card has appeared and sell trades could be taken from now onwards. Sell trades can be taken from 1.5614 or higher. The stop loss is when the high of June is taken out and first target profit is 1.5463 and second target is 1.5351.

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AUDUSD 12.08.2013 Trade Result

AUDUSD 12.08.2013 Trade Result

The AUDUSD hit the intended target 0.9203 after closing strongly above 0.9131. For reference to the posting which discussed the move before it happened, please click here. After hitting 0.9203 price is trading in the 0.9131 – 0.9203 box. A strong close above 0.9203 would see price testing 0.9275 while a strong close below 0.9131…

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AUDUSD 09.08.2013 Trade Outlook

AUDUSD 09.08.2013 Trade Outlook

Currently the AUDUSD is trading in the 0.9049 – 0.9131 box. Price is currently resting on a temporary resistance of the daily time frame at 0.9116. A mini trend started yesterday 0400 hrs InstaForex platform time and if this trend were to continue, price would have to close strongly above 0.9131 and the next target…

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USDCHF 05.08.2013 Trade Update

USDCHF 05.08.2013 Trade Update

Like the coin stuck in the middle of the cross. The USDCHF is still trading around around my entry area this morning after I bought it after the Non Farm Payroll results were out on Friday 2nd August 2013. I bought the USDCHF at 0.9332 and 0.9306. For the earlier buy USDCHF mandate, please click…

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