Friday, 31 October 2008
breaktime this morning
continue with GBP shorts by re-entry if trend remains intact, but for me unclear this morning
Thursday, 30 October 2008
gpb pb and usdcad short if turn at 2220
gbp short now at area above 6400
looking at USDCAD if 2220 moving resi holds
Monday, 27 October 2008
USDCAD short trade
looking at short on USDCAD, and possible reversal play... still should be careful, you can see stop hunting up from 2700 area
UPDATE: CAN CLOSE OR LONG SIGNALS AT 1.1805 AREA
UPDATE: CAN CLOSE OR LONG SIGNALS AT 1.1805 AREA
Tuesday, 21 October 2008
bear resume
covering at 6990, short to 6800 and 6500
watching for sudden reversal or muddy basing into 6500!!
watching for sudden reversal or muddy basing into 6500!!
Friday, 17 October 2008
gbp, bit churny
7240 is immediate pivot up/down! still waiting for direction
above that, topping at 390/430 would seal bearishness for medium-term, or bullish continuation on break 390/430
below next level is 7100
above that, topping at 390/430 would seal bearishness for medium-term, or bullish continuation on break 390/430
below next level is 7100
Thursday, 16 October 2008
for me unclear
ready to short bearish continuation sooner than expected but expect messy basing above 6800
nearest support 7163 penetrated but holding
nearest support 7163 penetrated but holding
Wednesday, 15 October 2008
Tuesday, 14 October 2008
Friday, 10 October 2008
weekly rep
Daily Pivots: (S1) 1.7157; (P) 1.7406; (R1) 1.7552;
next target of 61.8% retracement of 1.3680 to 2.1161 at 1.6538.
above 1.7398 will turn intraday outlook neutral first. But consolidation should be relatively brief as long as 1.7398 resistance holds and recent decline is still expected to resume sooner rather than later.
In the bigger picture, a long term top is in place at 2.1161 and down trend from there is still in progress. Next medium term target is 61.8% retracement of 1.3680 to 2.1161 at 1.6538. The impulsive nature and the scale of the fall from 2.1161 also provides strong evidence to the case of the start of a long term down trend.
Sustained break of 1.6538 will target 1.3681 (01 low). On the upside, above 1.8668 resistance is need to confirm that a medium term bottom is formed. Otherwise, outlook will remain bearish and further decline is still expected even in case of stronger than expected rebound.
next target of 61.8% retracement of 1.3680 to 2.1161 at 1.6538.
above 1.7398 will turn intraday outlook neutral first. But consolidation should be relatively brief as long as 1.7398 resistance holds and recent decline is still expected to resume sooner rather than later.
In the bigger picture, a long term top is in place at 2.1161 and down trend from there is still in progress. Next medium term target is 61.8% retracement of 1.3680 to 2.1161 at 1.6538. The impulsive nature and the scale of the fall from 2.1161 also provides strong evidence to the case of the start of a long term down trend.
Sustained break of 1.6538 will target 1.3681 (01 low). On the upside, above 1.8668 resistance is need to confirm that a medium term bottom is formed. Otherwise, outlook will remain bearish and further decline is still expected even in case of stronger than expected rebound.
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