D/C   1.08513  up to 1.8990/  1.0905 / 1.0920

E/D  1.3183 down 1.3150/  1.3065 / 1.3025

Strange market at the moment

The pairings are not up to much so far. Its the holiday season, not adding to volume.

Jarrat Davis is an interesting man to follow regarding his depth of knowledge of the market, whose news bulletins I will follow more closely in the future, so as  to add to the various reasons for making or not making a trade, with the proviso, that the market will do what ever it wants to do!!

Here is the link:

http://www.forexpeacearmy.com/forex-forum/jarratt-davis-s-trading-signals/35738-forex-news-trading-events-25th-29th-august.html

He explains that Thursday is an  important news day, regarding the EURO and the USD, potentially the EURO pairings noticeably down and the USD pairings, noticeably up.

Fridays news could also compound the EURO  decline.

The previous week shows a profit of 215.

4 trades in profit
2 loss

P/D and C/J are the trades that failed to come in making a loss of approximately 185 pips on those two trades. Had a 50 pip stop loss been in operation for all the trades then the profit would have been about 300 pips.

Just to make a correction to a post on Wed 13/8/14 I stated I hadn't made the E/D prediction, I see in fact I did on my first post.

 I had though, factored in that loss in my first weeks figures, so they remain the same, in fact, four days after my prediction, it came back to its original starting point. Its still in the down phase as I type.

American and Canadian indicators out today, could have some influence on trading ,they are not the highest indicators.

Just sat in the garden, nice sunny day.

So far  203 pips up on trades this week.

P/D  is 103 pips down so far, but hopefully will start going in the direction its supposed to! The same applies with C/J  which is some 42 pips down but hopefully will start to reverse -- this is no way an exact science!!

Have been looking at the FTSE 100 using the same method, will see how it goes in the future and maybe start posting that as well.

Just bought the Samsung Galaxcy S 10.5 Tablet, what a fantastic bit of kit -- and got 25% off.

P/J  up from 170.97 to 171.45/ 171.60/ 171.90

A/D  down from 0.9305 to either  0.9270 / 0.9245  going against current trend so maybe not such a big drop

Rushed this morning called to work

USD/SGD  1.2445 up to 1.2460/ 1.2480 / 1.2510

P/D  1.6680 up to 1.6730 / 1.6755 /

C/J   9415   down to 9400 / 9360 / 9340/ 9320/ 9305

Not any great movement as yet

D/S   take from 0.9045  to  0.9065/ 0.9090 / 0.9105 / 0.9115  / 0.9150

No moves yet, still waiting for the indicators for GBP and USD to do their thing.

News that could affect both the Pound and the Dollar in the next few hours. Uk Gross domestic product and USA 3, including Jobless and Produce price.

They could trigger upward movement, at last.

18 hours 20 minutes to first one GBP.

The last posting completes that batch of predictions. so 224 pips up. Last week 399 pips.

Changing very soon to go --

                                                       
 Dollar/Gold (D/G)  (USD/SGD up                       Trend up


D/J  down                                                             Trend up

A./D down                                                            Trend up

P/A  up                                                                 Up changing to down

P/J   up                                                                 Changing to up

E/P  down                                                            Up

C/J   down                                                            Up

E/J   down                                                            Up

US jobless figures in 43 minutes, see what effect on the market.

 224 pips up, as from 3.45pm all in profit.

Good morning   Sunny day, great.

So far 167 pips up this week.

The only one down is E/N, Unfortunately the 1/2 hr and 1 hour charts are showing up for a period of time but the daily is showing it will go down!!!

E/D refusing to play ball and go up, but the seaweed says it will, but when. Unfortunately I think its got further to drop maybe down to 1.3280, another 65 pips down. I am very pleased I dint put this out as a trade to take.

Amended post from 4.8.14 showed initially P/J now reads correctly - P/A apologies.

P/J  up from 171.72 to 172.15  / 172.85    11am

C/J  take 93.53  up to 94.00  /94.20  /94.65  --- 6pm

P/D  take 1.6779  to go up to either 1.6805/1.6825/1.6845/1.6875/1.6890

EURO/NZL  (E/N)  down  1.5808 to 1.5755/1.5710/1.5645/1.5595

D/S   up  from 0.9063 to 0.9080/0.9095/0.9105/0.9115

E/D still faffing about, 4hr changing hopefully up.

A rush this morning, as I am called to work. More later.

Happy to say E/D recovering and not far off start point, it will go further up for the next day or so, hopefully.

P/J will recover and progress up.

Update on other trades D/J went a further 54 pips
A/D a further 17 pips
P/A    ----           11 pips

so  ---- approximately 431 pips up ( hopefully more with E/D going up )

The only negative so far for the week is P/J, I was too quick to trade it, but it will definitely come back up, so far it is some 124 pips down.

So this week 307 pips up---- approx.

We all have diferent ideas re putting in stop losses, which has an effect on the bottom line----

I have just taken the following.

P/J  172.30 to go up to 172.85 /  173.12 / 173.64 / 174.13

Hi

As from this afternoon Wednesday 2pm  the various trades are up 349 pips.

USD/SGD   ( D/G )  went down to 1.2441, this was a resistance line on 4Hr chart, which I will include in future. Now on a upward trend. So 29 pips up.

USD/JPN   ( D/J ) doing well, now at 102.07, a resistance line, 52 pips now up.

AUD/USD  ( A/D )  went to 0.9373 up 58 pips hopefully still in trend to go up further.

GBP/AUD  ( P/A )  went to 1.8155 which was a major re stance line i should have made as the first possible reversal area, so went up 115 pips - not bad at all.

GBP/JPN    ( P/A ) went to 173.50 up 81 pips, could well be a trade up soon, with the long term trend, which should indicate quite a few pips to be had!

EURO/USD ( E/D ) I foolishly took this trade to early, the Stochastic and four hour indicators showed a it would be down before up -- still there you go, it will come up - weekly showing a change up is brewing --
4 hour showing going up and daily indicators also getting there. Now at 1.3368 -- so 50 pips down.

EURO/GBP  ( E/P )  went to 0.7915 so 64 pips up

I will be using obvious abbreviations for the pairings to save time as I am doing this in between work commitments.

I use a total of 5 indicators, using mainly, Daily, Weekly and 4 hr charts. Daily is the predominant chart.

Price action and trends are a major component in the mix.

Welcome to my new blog site. I will be showing some trades in forex that I am looking at. This in no way constitutes advice. I trade trends lines up or down, using price/action and 4 main indicators.

I will try posting every few days, with future trades and their outcomes, well here goes!




My Forex predictions for this week commencing 4.8.14.


USD/SGD   SOON DOWN FROM 1.2470 TO EITHER 1. 2415 OR 1.2377

USD/JPN    DOWN FROM 102.61 TO EITHER 101.80 OR 101.40

AUD/USD   UP FROM 0.9315 TO EITHER 0.9392 OR 9410 OR 9455

GBP/AUS     UP FROM 1.8040 TO EITHER 1.8190 OR 8330

GBP/JPN     SOON GOING UP FROM 172.69 TOP 174.29

EURO/USD  UP FROM 1.3418 TO EITHER 1.3520 OR 1.3560

EURO/GBP   DOWN SOON FROM 0.7979 ISH TO EITHER 0.7925/ 0.7915/0.7905/0.7885