Wednesday, 25 April 2012

GBP/CHF Analysis

Bullish pinbar candle on daily timeframe Off support at 14619 Rejection off 8ema Trend up Moving Averages pointing up Order as per below, one cancels the other STOP: 50% retrace of candle: 14607 Break of pin bar high: 14652 ENTRY: 50% retrace of candle: 14664 Break of pin bar high: 14721 LIMIT: 50% retrace of candle: 14835 Break of pin bar high: 14859 RISK/REWARD: 50% retrace of candle: 3/1 Break of pin bar high: 2/1

Tuesday, 24 April 2012

GBP/JPY Analysis

Bullish formation on the daily timeframe Inside bars Pin bar candle Rejection off 8ema With trend All JPY pairs looking weak Will enter on break of mother bar candle STOP: 13077 ENTRY: 13176 LIMIT: 13326 RISK/REWARD: 1.5/1

Wednesday, 18 April 2012

NZD/JPY Analysis

Bearish candle on the daily timeframe

Rejection of 21ema

Moving Averages pointing down

66.54 rejected level

Order as per below:

OCO (one cancels other)

STOP - Break of pinbar low: 6662 (61.8 retrace)
STOP - 50% retrace of candle: 6699

ENTRY: Break of pinbar low: 6610
ENTRY: 50% retrace of candle: 6654

LIMIT: Break of pinbar low: 6454
LIMIT: 50% retrace of candle: 6474

Break of pin rish reward: 3/1
50% retrace of candle: 4/1

Wednesday, 11 April 2012

AUD/USD Analysis

Dont normally trade the 1 hour timeframe and this is the first time im doing it

A bearish candle has formed below resistance. Moving averages still wide apart and pointing down which states trend is still strong. Have gone short as per below:

STOP: 10337
ENTRY: 10311.6
LIMIT: 10208

RISK/REWARD: 4/1

Thursday, 5 April 2012

AUD/USD Analysis

Inside bar formation on the daily timeframe. Looking to enter on the break of the mother bar below

- With trend
- Off support
- Moving averages pointing down and diverging

Order as per below:

STOP: 10306
ENTRY: 10236
LIMIT: 10026

RISK/REWARD: 3/1