Euro & GBP Vs USD

Charts courtesy of Advanced Get. Data provided by eSignal.

Above are the 15 minute charts of the EURUSD and GBPUSD with todays PPs. Look for the support and resistance levels on both these pairs and the MA. We do not have major news items due out today but beware the US Open.

My turkey catching friend Barry was on the phone with me yesterday and raving about his mechanical trading and told me how many pips he had made. I am going to ask him to email me this weekend with details and will put it on here for next week so you can all see which I hope will answer all your questions as there have been so any emails regarding this matter.

Have a good trading day and a great weekend.

Euro Australian Dollar

Chart courtesy of Metastock. Data provided by ESignal.

As per two emails soon after my previous post, here is the EURAUD chart I was referring to. The chart does not display the whole screen intentionally to prevent questions regarding what the indicators are representing. The answers are not so simple especially for those who do not use this software so to save time and confusion I have just shown the top of the screen only.

Euro Dollar

Chart courtesy of Advancet Get. Data provided by ESignal.

The Euro 15 minute chart shows our reversal and I went short a little after that when the far east had opened for business. We are hovering around a PP at present with support and the next support is the MA. Watch for a break or bounce at the point if we get there and take the appropriate action. Anyone esle awake at that time who traded and I know one of you did as per our conversation at that time should be in around £500 profit now, so make sure you scale out and move your stop if you have not already done so.

The reason I was speaking with a friend so late last night is because he recently moved over to mechanical trading and decided to trust the analysis and not use there emotion for trading and I was helping set up the software for them. By the way Richard, I expect dinner sometime soon.

Using the mech trade Richard has been short the EURAUD cross at 1680 and is £2,500 in profit within 6 days and that was the first trade he had done since I explained what he needed to do. Unfortunately, I did not see the set up and missed out on the trade but got in this morning with just over £200 profit. Those using mech trade should look at this for another setup on the hourly.

By the I have a new phone today.

Lastly, I want to wish my friend Ro the best of luck today. Good luck mate and hope all goes well and I will give you a call in a couple of days time.

Sterling

Chart courtesy of Dynamic Traders. Data provided by ESignal.

Good morning, I didnt manage to get a good internet connection to update yesterday. Above is the 15 min chart of GBPUSD just after the news has come out. I had an order to open for a long and short and my short has been triggered. Market will probably go towards the moving average shown in red.

The AUDUSD is trying to test the resistance and if it breaks through with volatility and not a fake breakout then we could see it test the highs of 1996.

The USDCAD pair is now showing some strange characteristics for a continuation. However, I am still going to be long with a break above 1.618 should it get there. I would prefer for it to break that high and then do a pullback and continuation.

Lastly, I have lost my mobile so those of you trying to call me im sorry to say will have to wait another day or two until my replacement has arrived.

Good luck today.

Euro Dollar

Chart courtesy of Advanced Get. Data provided by ESignal.

I decided to add the Euro chart for you all. Please be aware of the 886.

As always, do your own analysis.

AUDUSD Triple Top

Chart courtesy of Dynamic Traders. Data provided by Reuters Quote Center.

It's that time again..........well possibly!

Above is the weekly AUDUSD chart and the top is in sight. I am awaiting confirmation via candle as unfortunately the Comms data is not clearly defined this week. However, the Comms data is showing shorting opportunities for the EURUSD and long opportunities for USDCAD pair. On the latter I would wait for the break above the high which was at the 1.618.

Good luck for this trading week to you all.