Technical Analysis - Daily Trade Ideas

[G&C]

Using an overlapping technique across the Daily chart on a closing basis only, the following returns have been realised since the models inception 1/1/2009:

4/1/09 Euro$ (1.3905) 6/1/09 1.3450 + 455 pips
7/1/09 EuroYen (126.45) 7/1/09 127.36 - 91
7/1/09 EuroYen (126.39) 7/1/09 127.41 - 102
8/1/09 EuroYen (125.01) 8/1/09 125.01 0
9/1/09 EuroYen (125.11) 9/1/09 122.75 + 236
11/1/09 $Yen (90.04) s/l 91.65 t/p 87.25 Still open
12/1/09 A$/$ (0.6822) s/l 0.7080 t/p 0.6615 Still open

Please let me know your thoughts and I'll update the performance as and when the entry/exit signals are generated. Keeping it simple and not overcomplicating matters is the simple explanation why I issue the entry and exit levels. Many many trading models guide you to what you could do, my approach always focuses on what needs to be done plus it has definitive risk management parameters.

All the very best to you all and welcome any questions regarding my approach.

Mr. Momentum

 

[G&C]

Trade update:

1) Our limit order versus the short position In A$/$ was filled last night at 0.6615 realising + 207 pips on the day.

2) Remain short $Yen from 90.04 with s/l @ 90.95 oco t/p 87.25

3) Cable sell signal was confirmed last night at 1.4497 with s/l 1.4755 and looking for break of last months low of 1.4350 and ultimately 1.4000

4) Realised p n l since 1/1/09 = 705 pips

All the best

Mr. Momentum

 

[G&C]

Trade update:

1) The Daily closing upward cross of %K above %S on the Slow Stochastic warns us of an impending move higher in $Yen. Our short $Yen position was closed at our entry level 90.04 so we're flat on that trade.

2) The Cable rally was very strong last night and resulted in our buy stop being triggered at 1.4755 for a -258 pip loss.

3) Realised p n l since 1/1/09 = 447 pips


All the best

Mr. Momentum

 

[G&C]

Trade update:

Long EuroC$ from 1.6573. Initial s.l @ 1.6270 and targetting a break of 1.7000

All the best

Mr. Momentum

 

[G&C]

Trade update:

1) Stopped out of our Long EuroC$ at 1.6290 realising a loss of -283 pips.

2) Long $CHF at 1.1475 initial stop 1.1395 targetting a break of the recent high 1.1570 which opens a channel towards 1.2000

3) Short Cable at 1.3873 initial stop 1.3965 targetting a break of the 1985 low of 1.3680

4) Realised p n l since 1/1/09 = 164 pips

All the best

Mr. Momentum

 

[G&C]

Trade update:

1) Stopped out on our $Swiss realising a loss of 80 pips

2) Stopped out on our Cable after breaking the 1985 low 1.3680 at 1.3965 after the G7 comments, realising a loss of 92 pips

3) Long EURCHF from 1.5008 initial s.l 1.4830 targetting 1.5140 / 1.5355 / 1.5875

4) Realised p n l since 1/1/09 = (8) pips

All the best

Mr. Momentum

 

[G&C]

Trade update:

1) Remain Long Euro/Swiss from 1.5008 initial s.l 1.4830 targetting 1.5140 / 1.5355 / 1.5875

2) Went short AUD$ at last nights close at 0.6546 initial s.l. 0.6670 targetting a break of 4/12/09 low 0.6395 and then December 2009 low of 0.6290

3) Realised p n l since 1/1/09 = (8) pips

All the best

Mr. Momentum

 

[G&C]

Trade update:

1) Remain long Euro/Swiss from 1.5008 stop now 1.4865 targetting 1.5140 / 1.5355 / 1.5875

2) Remain short AUD$ from 0.6546 stop now 0.6830 stop now 0.6635 still targetting a break of 4/12/09 low 0.6395 and then December 2009 low of 0.6290

3) Realised p n l since 1/1/09 = (8) pips

All the best

Mr. Momentum

 

[G&C]

Trade update:

1) Remain long Euro/Swiss from 1.5008 stop now 1.4910 targetting 1.5140 / 1.5355 / 1.5875

2) Short $/CAD from 1.2228 stop now 1.2435 targetting 1.2115 and then 2009 low 1.1755

3) Stopped out of our short A$/$ position from 0.6546 at 0.6615 realising a loss of 69 pips

4) Realised p n l since 1/1/09 = (77) pips

All the best

Mr. Momentum

 

[hwlm]

hi,

cld u share how u define ur entries and exits?