Monthly Aftermath: Net Profit 291 Pips
Open Position : AUDUSD (sell), EURUSD
Limit Order: None.


This page contains all trades article since “Weekly Aftermath” was last published on 19 Oct 2012.
Below are the signals that were derived from FXSTREET posts (Check the comment)


Posted on 14 Nov 2012
Latest impact: EURUSD Bearish Move is On


EURUSD Bottom if far from over. The euro this week has dipped to a two-month low against the dollar and interest rates on German sovereign bonds have ticked upwards. The euro closed below the 38% Fib line of the latest rally that started in Jul, an indication that a lower-low is to preside. Any rally towards 12800 along with the current price (12720) are sellable targeting 12610. Only a close above 12877 negates the bearish scenario.


Comment: Sold 12720…Position is working.



Posted on 13 Nov 2012
Latest impact: AUDUSD Trend is Currently UP

Simply put, AUDUSD Current Price (10405) is set for those who favor the bullish side, along with a dip towards 10366, targeting 10490. A close below 10360 negates the bullish scenario.

Comment: Bought 10405 & 10366, contributing Net Loss of 67 +28 = 95 pips (The close below 10360 locked YST @ 10338).


Posted on 09 Nov 2012
Latest impact: GBPCHF: Initiating the bear again

Keep the following post working ref to GBPCHF and shift the exit towards a close above 15150.
Reminder:
Posted on 30 Oct 2012
Latest impact: GBPCHF To Regain the Lost Path
GBPCHF rally was halted @ MA100 @ the reading of 15110. Since then, the cross kept crawling using a lower low tactic. Therefore, we would prefer to initiate the move with the bears that come out by force by selling the current price (15000), adding 15077, targeting 14940. Only a close above 15110 negates the bearish assessment.

Comment: Sold 15000, added 15077…position closed 15 Nov, generating Net profit of 60+170 = 230 pips


Posted on 08 Nov 2012
Latest impact: EURUSD Felling off the [fiscal] Cliff

EURUSD slid towards 12735 as the stock market fell off the cliff, an outlandish fiscal cliff issue that should be resolved quickly, or else! The rate of the euro YST did not price in fully the value of the stock market, and as such, the pressure should continue towards 12666. Selling levels are attractive @ 12730 and 12840, and only a close above YST high delays the stumbling.

Comment: Sold 12730 targeting 12666, contributing Net Profit of 64 pips.


Posted on 06 Nov 2012
Latest impact: USDJPY Weekly Resistance About to be Gone!

USDJPY tracked 8060 last week, the 50% Fib Line of the plummet that started in Mar. This level is absorbed to be as well the weekly resistance with parameters 2009 – 2012 Mar. The condition is OB, an indication that auxiliary sell off is expected before up-trend resumption is confirmed towards 8200. We are looking for the dip to floor near 7900 level; we will risk the posture on a close below 7870.

Comment: Limit set to buy 7900…Trade is cancelled as entry level was missed by few pips.



Posted on 05 Nov 2012
Latest impact: USDCAD Buy is on the hook

USDCAD rectangle development between 31Oct and 01Nov received a Fri close below its support @9958. Such close is not suffice to determine the pressure level of the bear. Therefore, we will treat the pair as a false-break is expected due to OS conditions and to the inert bearish momentum. Selling 9970 for 9900 is our interest while a close above the resistance of the rectangle @ 10013 puts the bear out, and instead, reversing our signal to Long positioning becomes plausible for an open target with an update once triggered.

Comment: Sold 9970, contributing Net Profit of 70 pips.

 

Posted on 30 Oct 2012
Latest impact: EURCAD Double Top @ 61%

EURCAD rally apparently stalled at the 61% Fib line of the plummet that started at the end of Feb, within an OB conditions. Such stall should allow the cross to tumble back to test the support zone with the help of the double top that was created @ 13015.
Selling the current price (12960), adding 13000 are the interesting point targeting 12900. Only a close above 13015 negates the bearish scenario.

Comment: Sold 12960, target met 12900, contributing Net Profit 60 pips.


Posted on 30 Oct 2012
Latest impact: GBPCHF To Regain the Lost Path

GBPCHF rally was halted @ MA100 @ the reading of 15110. Since then, the cross kept crawling using a lower low tactic. Therefore, we would prefer to initiate the move with the bears that come out by force by selling the current price (15000), adding 15077, targeting 14940. Only a close above 15110 negates the bearish assessment.

Comment: We kept position working as the close was done at exactly 15110, and instead we shifted the close to above 15150 as per 09 Oct wire.


Posted on 29 Oct 2012
Latest impact: Yen Crosses rally on halt for now

AUDJPY rally has stalled last week as per several indicators, mainly the momentum phase that is showing a reversing trend from its upwards zones. The current price (8250) along with any rally towards 8310 are sellable, targeting 8210. Only a close above last week’s high negates the bearish scenario.
(No post was made last Friday as Vacation was on – the update of the “Friday Weekly Aftermath article will be posted this Friday).

Comment: Sold 8250, missing 8310 by few pips, target was hit the next day, contributing Net Profit of 40 pips.

Posted on 25 Oct 2012
Latest impact: GBPUSD Recovery on the Way

GBPUSD 4hr bearish channel within an uptrend most probably is completed as pricing is ticking at the resistance (16140). The market bounced off ahead of STL just by few pips before recovery was completed. The daily close should be locked above 16140 to keep the bull in force. If that happens, buying the close becomes of interest targeting 16220. Then, only a close below 16010 negates the bullish stance.

Comment: No daily close happens. Trade cancelled.


Posted on 24 Oct 2012
Latest impact: AUDUSD Parity if 10450 holds

AUDUSD is getting closer and closer from forming a minor peak near 10350/10400. This area is put within the farm of bears targeting 10200 in the first place. Once the reaction on this level is observed, only then we can update the trigger towards parity, which will be talking about in the coming reports. As long as no close above 10450 is seen, the bearish scenario is intact.

Comment: Zone 10350/10400 Sold…position working …(price action surpassed 10450 twice without locking a close above it)


*** No Post made on 23 Oct***


Posted on 22 Oct 2012
Latest impact: EURGBP Rally Exhausted

EURGBP rally seems exhausted as it hits the 50% Fib line of the plummet that started at the beginning of this year. We should allow the technical picture to take its correction form backward now as 8090 seems to be the coming magnet. Selling current level 8130 is our preferable scenario and only a close above last week’s high negates the bearish scenario.

Comment: Sold 8130, market close above last week high @ 8154, contributing Net Loss of 24 pips.


Posted on 18 Oct 2012
Latest impact: EURUSD Major RTL on the Hook

EURUSD barely in touch with the yearly RTL @ 13175 that coincides with Sep high. As momentum is turning its spins towards a bullish move, that resistance may allow the pair a drop back towards 13025/00 to load long positions and destine towards a daily close above 13175. Only a close below YST low negates the bullish stance.

Comment: the day we bought 13025/00 on 19 Oct, market’s rally run out of steam and closed @ 13025, which is below 13084, contributing a sort of break eve column.



Posted on 16 Oct 2012
Latest impact: NZDUSD Uptrend in Focus

NZDUSD is performing a bearish flag within an uptrend that has been retraced 50% Fib line of the rally that started in the beginning of Sep. Since the start of Oct, a declining wedge is located at the support of MA100, which has been tested YST. Both geometrical shapes confirm that the uptrend should be resumed in the coming sessions, by buying 8150/70 while exiting the position if a close below YST low is triggered, targeting the resistance zone for the bearish flag @ the reading of 8290.

Comment: NZDUSD Bought @ 8170 where market closed price below 8129 @ 8116, contributing Net Loss of 54 pips.

                      (those trades are affiliated solely to accounts over $5M, traded by Anthony Samaha only.)