Monday, March 1, 2010

Monday 01 March

Happy Birthday Mr Big ...

I didn't write a long analysis this weekend although I stared at the charts for a very long time.
Weekly hanging man candles on gold, crude, indices AUDUSD etc suggest a sell off coming but its hard to see that in some markets like EURUSD. We could instead be in for another week of sideways indecision leading into NFP on Friday.
Best trending markets seem to be GBPAUD, EURAUD and GBPCHF&EURGBP now they have broken out.

New trades:
USDCAD short 1.05 stop 1.20 break of SR, target 1.0440
GBPCHF short 1.6260 stop 1.6310 target 1.6110
CABLE short 1.5160 stop 1.5210 target 1.50 then lower
GBPAUD short 1.6815 stop 1.6865 - addition
CABLE closed 50% @3R 1.5010 (+1.5R)
GBPCHF closed 50% @3R 1.6110 target (+1.5R)
GBPAUD addition closed @3R 1.6765 (+3R)
CRUDE short 79.90 stop 80.40 target 78.50
USDCAD stopped out (-1R)
CRUDE short stopped out (-1R)
CRUDE short 80.20 stop 80.50 target 78
EURUSD long  balance stopped out (-0.5R)
GOLD short 1115 stop 1120 target 1100
CABLE balance closed 1.4850 - target, 61.8fib and weekly TL (+3.1R)
GBPAUD 1.6635 stop 1.6685 DIBS addition
GOLD short stopped out (-1R)
CRUDE closed 50% @3R 78.50 (+1.5R)
EURAUD short 1.5065 stop 1.5115 target 1.49 break of yearly lows

I closed cable at target, 61.8fib and weekly trendline support.  Im not tempted to buy here but will wait to sell later anticipating a break of the support.

Open trades:
GBPAUD short 1.71430 - 1/2 & 1.6635 stop 1.6685
GBPCHF short 1.6260 stop 1.6310 - 1/2
CRUDE short 80.20 stop 80.50 - 1/2
EURAUD short 1.5065 stop 1.5115

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