27 October 2011

Testing refer to 27 October trade analysis

* Market still pushing high for all xxx/USD pair

GBP/USD

Morning Trade

Price open above 50.00 fibo

Price still/open are above 200EMA.

Buy option only.

Buy at the current price 1.5962

Stop loss 20-25 from open price or at 38.2 fibo

Target above 76.4 fibo or at 1.6000

* target reach

Afternoon trade

The price are still not break 1.6040 previous high on 3 day try.

So look like 1.6040 are good resistance to break.

A chance to SELL but the price are still above 200EMA line then will wait till have a good signal to SELL

EUR/USD

Afternoon trade

Price already move from 23.6 to 138.2 more than 123.6 fibo the target ..

Reach target for early trade (buy)

Risky trade after price reach place its should be reach today.

So the RISKY trade are to SELL at above 138.2 fibo line

But be aware on NEWS about EFSF issue.

Price above 161.8 fibo line up from 23.6 fibo line.

SELL open at price 1.4037 RISKY trade

Stop loss 1.4057 and t/p are down to 138.2 fibo line (price 1.4000)

Added another SELL position after locking 1st trade at price 1.4020

t/p still same s/l at 1.4040

Result : Trade close t/p +37 and +20 = 2 trade

+57

AUD/USD

Afternoon trade

Price already move from 61.8 to 176.4 fibo more than 161.8 fibo ..

Reach target for early trade (buy)

Risky trade after price reach place its should be reach today.

So the RISKY trade are to SELL at above 176.4 fibo line.

Get open price at 1.0527

Stop loss 20pip from each price.

Target 20 to 30 pips or at 1.0490 .

Result : Hitting S/L at 1.0547 because NEWS are more on EURO, so AUD follow behind. Besides Euro stock continue climb .

-20

New trade - Risky trade.

Pending order sell limit at price 1.0548, just above 200 fibo line

S/L 1.0568, T/P 1.0500 below 161.8 fibo line.

trade Hit s/l

Result = -20

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Total trade today = -20 + 57 -20 = +17

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