Wednesday, 6 August 2014

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.

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