With the new year.

Quick review of last trade posted here. I sold NZD-JPY and a week later I'm still in it at about break even. Nothing unusual, that was expected. Here is the current chart

http://img339.imageshack.us/img339/4718/nzdjpy2pn7.jpg

(As always, click on the link to see the chart).

In the meantime, a new trade is emerging. Pair is GBP-CAD and I want to buy it. Entry price is 1.9666 and a target 1.9845. That's how it looks like right now

http://img165.imageshack.us/img165/6792/gbpcadeditedze0.jpg

I'm expecting big moves over next couple of weeks. Happy New Year!
Granicus

Just in time for Christmas.

The last trade I posted here, long CAD-CHF paid just in time for Holidays. View the last post. Entry was intended to be at 1.1400 with a target of 1.1600. That's exactly what happened and a little faster than expected. Here is the chart

http://img67.imageshack.us/img67/1491/cadchfeditedgc1.jpg

(Click on the link to see chart)

Next on the agenda is NZD-JPY. I'm selling it on the open at about 87.00 or a little below. Depends on how it opens. I'm trying to catch a large move. First target about 84.50 and final exit about 82.50. I'm going to risk 250 pips or so.

http://img165.imageshack.us/img165/3269/nzdjpyeditedyy9.jpg

This is a large move, so it must be given enough time, 3 weeks seems about right as of this writing, but subject to adjustment as the prices develop.
Merry Christmas!
Granicus.

Taking another shot.

My last entry dealt with a potential trade in NZD-CAD. Plan was to sell it at 0.7580 and ride it down to 0.7480. See previous post for the chart. Well, the trade didn't take place as NZD caught a second wind and continued higher.
Now a new set up has been created which looks promising. I have an order to sell NZD-CAD at 0.7755 with a profit target of 0.7655. I'm still looking to capture 100 pips for this move.

http://img412.imageshack.us/img412/4450/nzdcad2editedjz5.jpg

So here we are, trade is set and ready to go.
Granicus.

As alwyas, click on the link to see the chart.

More Pound.

The pound looks strong at the moment and AUD looks weak. Nothing left to do but to give it ashot here. So here we go, going long GBP-AUD at 2.3065 with a goal 2.3270. This is a very conservative target as looks like there is a potential for 2.3500. But first things first .
Here is a link to the chart.


http://img148.imageshack.us/img148/3737/gbpaudcs8.jpg

Granicus.

CAD-CHF

I'm looking at CAD-CHF, among other things. It's another one of the crosses that I trade. We get respectable 8 pips spread here, so it's very much tradable. Here is a 4 H chart. I'm seeking a break here at 1.1980 and a move of about 180 pips, to 1.1800.
Here is a link to the chart .

http://img88.imageshack.us/img88/8471/cadchfhs1.jpg

We shall see what happens.
Granicus.

At last.

Here are the outcomes of my earlier trades in EUR-NZD and GBP-NZD. They made 190 and 300 pips respectively. While I waited for these trades to pan out, there were others before. Since I didn't post them, then there is nothing to comment. The wicked moves yesterday certainly made my day.
Here are the links to charts.

http://img147.imageshack.us/img147/8864/eurnzdcloseeditedle9.jpg
http://img147.imageshack.us/img147/9441/gbpnzdcloseeditedye0.jpg

Granicus

Conclusion

Prices slowed down here so I decided to take profits. Exited GBP-SEK at 13.1334 or 413 pips. Not bad.

http://img187.imageshack.us/img187/9971/gbpsekcloseeditedmg9.jpg

Granicus