Sterling

Hope you have all made a good profit on the GBPUSD which I mentioned yesterday.

I wont be updating with any charts today because of the positions I have open already are more than enough but I will say keep an eye on EURSEK which I am looking for a possible short.

Have a good weekend.

Cable

The Daily Cable has been looking weak recently and the sell signal based on one of my strategies has now produced a good size profit. If this continues in the downtrend then look for suitable opportunities. However, we usually have a retest of previous highs before we have a directional reversal.

Swissy

Good morning,

Thank you for the messages this morning and I will continue updating this website but if you are one of the people who have made some good profits then please send me an email and I will give you my address so you may send me a cheque for one of the charitites.

I am sorry though, I will not give out my strategies used but you can see them in action occassionaly on this site.

Happy Trading.

GBPCAD

The GBPCAD is on an uptrend at present but on further investigation this looks like a wave 4 so it could be short lived. As you can see it broke the MOB once the time had ended (today) and the Ellipse is not too far from price action. We could see some more upside to this but being a 4 it is most probably limited so as opposed to taking a trade on this now, I would rather look for a good opportunity for a 5 short.

The AUDUSD is also worth keeping track off as it begining to look quite overbought and we are coming toward the figure. If we start to deal below the regression trend then use an entry stop loss technique to trade this.

The USDJPY I shorted a little while back is a few hundred pips profit and the USDZAR has done eceptionally well. I know one of you took the USDZAR trade and made a tidy sum yesterday and thank you for your email and offer to make a good donation to a charity.

ZAR

According to MOB, this pair does not have much more downside but I am still short on this and am keeping my stops closer in order to lock in more profits.