GBPUSD Entry Order

GBPUSD: EO: 1.2708,
                  SL:  1.2538.

There is an indication that the upward movement may become a sustained uptrend since we now have several days (candles) above the 20 and 50 EMAs. As a confluence we also have a trendline support.

As we go into the holidays season we will be expecting very few signals to develop in the markets.

Remove EURUSD Entry Order

Delete EURUSD buy entry order.

New EURUSD Entry Order, Remove NZDUSD Entry Order

EURUSD: Entry 1.0800

Stop Loss: 1.0575 

NZDUSD: Delete Entry Order  

(If due to a delay this entry order triggers then simply close the trade before prices move significantly against you).

Yesterday we had long daily bars that exceeded the average true range in some instruments due to the slight tremours caused by the Italian referendum.

EURUSD Stopped Out, NZDUSD New Entry Order

EURUSD: Stopped Out for a 120pip loss.

NZDUSD: Entry Order: 0.7162;
                   Stop Loss:  0.7033


With the holiday period fast approaching we may find a rather quiet market environment for  a few weeks.

New Entry Orders

Entry: EURUSD : Long @ 1.0672,
                              Stop Loss @  1.0552

           USDCHF: Short @ 1.0095,
                             Stop Loss @ 1.0204.

Meanwhile: NZDUSD was stopped out at 0.7055.

          

Long NZDUSD

Long NZDUSD at 0.7150
Stop Loss at 0.7056

We have taken a buy inspite of the fact that we have a counter trend move going into a resistance zone. I think that because of the divergence we see on the chart there is a chance that the strong price movement over the past few days may break throught the resistance. Moreso because our oscillator is also showing very bullish indication.  Meanwhile, we are ready to flip round and sell if the downtrend resumes.

Stopped Out in Oil Again

We are stopped out of Oil with a loss for the second time. This last loss was as a result of an error. I entered the market late and in the rush placed the stoploss too close. And the market was unforgiving.

 But after several days we are still in the GBPUSD trade which is yet to move.

And beyond that we have no new entry orders yet...