Thursday, 29 March 2012

Dow Jones Analysis

Nice bullish candle off support on the daily timeframe

Rejection of 21ema
Trend Up
3rd bounce off support which was previous resistance

Order to go long on APRIL contract as per below:

STOP: 12960
ENTRY: 13042
LIMIT: 13206

RISK/REWARD: 2/1

Monday, 26 March 2012

EUR/USD Analysis

Big pinbar candle on daily timeframe - bullish

Trend up short term
Resistance broken
Bounce off Moving Averages
Moving Averages crossed up and diverging up

Order to go LONG:

STOP: 13185
ENTRY: 13279
LIMIT: 13467

RISK/REWARD: 2/1

USD/CHF Analysis

Bearish candle on the daily timeframe

Bounce off support which was previous resistance
Moving Averages pointing down
Moving averages diverging lower
Trend down

Order to short:

STOP: 9141
ENTRY: 9078
LIMIT: 8929

RISK/REWARD: 2.5/1

Thursday, 22 March 2012

Gold Analysis

Inside bar formation has formed on the daily timeframe. Bouncing off 8ema which has held as support since the 14th March. Looking for a break of the mother bar candle to enter short.

STOP: 1667.9
ENTRY: 1639.8
LIMIT: 1558.5

RISK/REWARD: 3/1

Monday, 19 March 2012

GBP/CHF Analysis

Daily timeframe has produced a bearish pinbar candle off support which has been an area where multiple support/resistance has occured. Shorting as per below order:

STOP: 14570
ENTRY: 14507
LIMIT: 14350

RISK/REWARD: 2.5/1

Thursday, 8 March 2012

AUD/CAD Analysis

Bearish candle on the daily timeframe. Trend turned down, Moving averages pointing down. Rejection off 8ema. Weekly timeframe also rotating down. Order to short on a 50% retrace of candle. Only risk is potential resistance at around 10456 area but hope to have stop to b/e by then

STOP: 10618
ENTRY: 10564
LIMIT: 10402

RISK/REWARD: 3/1