30 Jun 2009

Yesterday trade:
Short triggered at 1.655, close trade at 1.594, loss 44 pips

Today trade:
Do a fib retracement from 1.6612 to 1.6429. I will place a long at the 50% retracement at 1.65205, Tp 1.6575, SL 1.643

Another one at breakout, long at 1.6705, TP 1.679, SL 1.662

29 Jun 2009

Friday Trade:
Short trade triggered at 1.653, Close at 1.648 (now). Profit 50 pips

Today trade:
Short 1.655, TP 1.645 SL 1.66
Long 1.639, TP 1.645, SL 1.62

26 Jun 2009

Yesterday trade:
Short triggered at 1.6348, TP at 1.6255, Profit 93 Pips

Today trade:
Short at 1.6530, TP 1.634, SL at 1.666

Long at 1.634, TP 1.647, SL 1.618

25 Jun 2009

Yesterday Trade:

There are a number of adjustment to the stated trade in the morning.

See attachment for transaction.

Profits: 45+ 38+ 24+ 11+ 40 = 158pips

Have to scrap, because I am not sure of the direction.

Today Trade:

Long at 1.6497 TP 1.6573, SL 1.636

Short 1.6348, TP 1.6255, SL 1.6490

The price is moving side now, so as the direction change, I may play otherwise.

My advise is that if not sure, keep out of GU for the moment.

24 Jun 2009

Yesterday Trade:
No trade trigger.

Today Trade:
Trade breakout
Long 1.6528, TP 1.662, SL 1.639
Short 1.635 TP 1.627, SL 1.649

Yesterday trade:
Short trade triggered at 1.635. TP at this morning price at 1.6315. Profit 28pips.

Today:
Short 1.6263, TP 1.6187, SL 1.6443
Long 1.613, TP 1.6263, SL 1.6007

22 Jun 2009

Friday trade:
Triggered long at 1.6525, but fail to ascend higher. Cut loss at 1.6493. Loss 32pips.

Today trade:
Short 1.635, TP 1.625, SL 1.657
Long 1.6635, TP 1.669, SL 1.645

If you don't want to take risk, stay clear of pound until clear trend breakout at 1.67 and 1.618

19 Jun 2009

Yesterday trading:
No breakout, no profit or loss.

Like wise, Today trade,
Patient at wait for breakout at 1.6525 TP 1.6580, SL 1.634Short 1.618, TP 1.6005, SL 1.638

For those with risky appetite, you may want to long at 1.624, TP 1.634, SL 1.612 and
Short at 1.64, TP at 1.62, SL at 1.66

18 Jun 2009

Yesterday Trade:
Bad day, both long and short trigger and take losses! Total losses at 114 plus 155 pips.
Only managed to recover back some losses when the market swing back from 1.6232 and TP at 1.634. Net for the day 161 pips loss.

Today trade
Patient at wait for breakout at 1.6525 TP 1.6580, SL 1.634
Short 1.618, TP 1.6005, SL 1.638

17 Jun 2009

Yesterday Trade: No trade triggered

Today: Looking at the squeeze at the 1-hour chart between 1.64 and 1.635, bounded by EMA200 and EMA21.

Pound can go both way and I will trade breakout.

Long 1.6437, TP 1.6548, SL 1.6323
Short 1.6275, TP 1.61875, SL 1.643

16 June 2009

Yesterday trade:
Short trade at 1.639, TP at 1.634. Profit 50 pips.
Long reverse trade at 1.634, TP at 1.6395, Profit 55 pips.

Today trade:
Short 1.6195, TP 1.6095 SL 1.6305

15 June 2009

Friday Trade.:
I have one trade open short at 1.639. Now holding at paper loss at about 30pips.

Today trade:
Hold on to this short, TP at 1.634 SL1.652

Short at 1.6495, TP 1.6445 (EMA21 and EMA55 as support), SL at 1.655

Note: if I have no short position, I will long at 1.634 TP 1.6395 (EMA21 and EMA55 resistance), SL 1.6285

12 June 2009

Yesterday trade:
Long breakout triggered at 1.641, TP at 1.657. Profit 160 pips

Today trade:
Long 1.6705 TP 1.695 SL 1.641

Short 1.639, TP 1.626, SL 1.6485

I expect a doji, trading between the range 1.641 and 1.665. I am also in expectation that a C-wave down is also possible.

11 June 2009

Yesterday Trade:
Breakout trade, long at 1.641 triggered. SL not hit, now sit at paper loss. Since there is still a possibility for a long, I will hold to this trade. TP still at 1.657, SL at 1.618.

I am not placing any more trade today, as I have already a long trade to hang on. Any reverse, I do not want to get myself get caught in any more long trade. I will only go short if it break below 1.59, which is unlikely to happen today.

10 June 2009.

Yesterday trade:
Long triggered at breakout at 1.614, TP at 1.626, Profit 120pips

Today:
I rather trade conservatively, assuming that we are now riding a B-wave, meaning that it has short potential for long and will reverse for a big down.

To me, I will long at reversal or miss it. But if I am wrong, I will take a smaller loss.

Long at 1.618, TP 1.629, SL 1.598 (reversal)
Long at 1.641, TP 1.6575, SL 1.613 (Breakout)

9 June 2009

Yesterday trading:


The long poistion at 1.5980 was TP at 1.6074, after adjusting it to the hour EMA200. Profit 94 pips.

Today long 1.614, TP 1.626, SL 1.5985. (Breakout)

Long 1.5882, TP 1.6038, SL 1.569 (Reverse)

8 June 2009

Friday evening the long trade at 1.5980 was triggered. TP not hit. Only paper gain.

I am allowing the trade to carry over night and reset the TP at 1.619, SL at 1.577.

I will place another long at 1.554, TP 1.574, SL at1.532

5 June 2009

Yesterday trade:
Breakout trade for down triggered at 1.6195, but failed to hit TP. Close trade this morning at 1.6115. Profits 80 pips.

Today is a bit tricky to me. Pound has been in the good news limelight and has for the last two days down on probably "profit taking" or retracement. Will it stop at 1.59 region?

I could be wrong with the market rebound now and head straight back to the 1.63/1.64 region. It could also right now head towards the 1.59 region.

Regardless, this to me is a cross road. If I short, I may be wrong. Therefore today, I will be caution and trade reversal.

Trade: Long at 1.5980, TP 1.6110, SL 1.587

4 June 2009

Yesterday trade:

First there is a break up north, trigger long trade at 1.6605, not failed to reach target at 1.679, the TP was adjusted to 1.665 after seeing that GU has no momentum to clear 1.6665. Profit 45pips.

See pics.



















Again the trade at 1.6493, was close at 1.6523, Profit 30 pips.
Lastly, the trade at 1.6428 was stopped at 1.6320, Lost 108pips
Overall net for yesterday lost 33 pips.

Today, I will trade based on breakout up or down.
Place long at 1.6505, TP 1.6639, SL 1.6350
Place short at 1.6195, TP 1.6025, SL 1.598

3 June 2009

Yesterday trade:
First trade long at 1.6378, TP1.6438, 60 pips. (Retracement trade)
Second trade long at 1.6486, TP at 1.6580, 94 pips (Breakout trade)

I expect a retracement and side movement for some profit taking.
Long 1.6493, TP 1.6563, SL 1.6384. (Retracement trade)
Long 1.6428 TP 1.6533, SL 1.6320 (Retracement trade)
Long 1.6605, TP 1.679, SL 1.6320 (Breakout trade)

I will cut all long position at 1.6230 and place short positions

2 Jun 2009

Yesterday trade was good, a 150pips.

I will place a long at 1.6378, TP1.6438, SL 1.6303 for retracement.

For breakout, I will place long at 1.6486, TP at 1.6580, SL at 1.6303. This entry may be adjusted depends on the morning movement.

Anything below 1.6303 will be a short to 1.6222, SL at 1.6420.

1 May 2009

Morning 0800hrs SGT
I expect a quiet trading day. Doing a Fib retracement, I expect the trading to be within range of 1.612 and 1.619.

As the trend is still bullish, I will wait for its retracement to 1.612 and TP 1.619. I will continue to do so for the day, unless it break out towards either above 1.624 or below 1.61, then I will follow the direction.

If it goes up, I may do a long at 1.625, TP 1.64, or short at 1.608, TP at 1.602.

The Isaish Initiative Account
It is in the process of setting up, so no gain or loss to report.

Evening 1700hrs SGT
It break up and trigger long at 1.625 and TP at 1.64. Profit 150
GU will hit a high at 1.6432 and has start to retrace.
Using Fib Retracement, first line of retracement is at 1.633, followed by 1.6297
I will long at 1.633, as the trend is still bullish and TP at 1.638, a 50 pips, SL at 1.6265.
If it goes below 1.6162, give up all long position to go short.