Updates on major trends - SAXO stream

EURUSD new high @ 1.4875 so we can expect 1.5
USDJPY 92.53?
USDCHF = 1.0189 key low
AUSUSD = 0.9206
USDCAD = Breached 1.0299 suggesting 1.0057


EURCHF = key resistance @ 1.5240
EURGBP = continues to climb towards 0.9470
EURJPY = 135.48, following recent break higher

Gold new target $1.1k
Silver = $19.4720

13 Oct 12:39 GMT

EURUSD Oct 1 Figures

This is not my chart. Here's the link.

EURUSD Scalps

Done for the day +22. Week to date +144.

EURUSD Scalps

Made +20 scalping short during Asian session.
Missed the Europe session as I had errands to run. Europe pushed it down but brought it up after the London hourly candle.
I took the opportunity to short during NY session and scalped +50 pips. I think there is more room for the bears but I'm not a fan of the NY session and missing my sleep over that.

Total of +70 today and I'm out till tomorrow.

EURUSD Scalps

Yesterday, we saw the Asian and Europe session bringing this pair down to as low as 1.3876 but NY brought it up to about 1.3988 (high of the day was the Asian session). Very good movements. I managed to make +52 scalping this pair from that 112 pip movement.

EURUSD Trade 003 & 004

I didn't have good trades today and today was full of fundies which didn't exactly ride where the fundies was suppose to in a totally predictable world.



So anyways, Trade 003 was a manual SL at +2 and Trade 004 was another manual at +10, making my total for the day at +25. Because I have 5 decimal places instead of 4, the trade for the week is at +101.5.



The unemployment data was good for the US but it made the dollar weaker instead so go figure. The push down may come now but I'm off to bed and probably off for the week unless there's a really-really-dummy-proof-fantastic setup tomorrow.

Trade 004 was a sell but I closed it manually because I don't like that rejection right at where the trendline is and Obama and Trichet is going to speak while I sleep so not a good time to enter.

EURUSD Trade 002

Buy: 1.35748
SL: -40 (1.36148)
TP: 1.33550 (+219)

Stopped out @ -40 at 6.29pm.

Entry
Stopped out here.

EURUSD Trade 001

It is rather unfortunate that I didn't get a good entry and only went in at 4.24pm. Look at the "falling knife".

Asian session was trading very nicely along the trendline and managed to breakthrough at 2pm. Ff brought it a bit down so the signal was rather mixed but we can perhaps say that a doji is in place. I waited at the sidelines but it came too fast and furious and broke through the support at 1.3840.

I went in for a sell finally at 1.3782 (yes not a good entry).
TP: 1.3400
SL: 1.3760 (+22)

It's currently at +90 but we will see.

Latest Update @ 4.50pm:

• Changed to close my trade at +114 pips (1.3667).
• Look at why I closed my trade on the daily chart.
• Yes, we can definitely go lower but I'd like to keep some for now and go for a re-entry during NY, perhaps.
  

EURUSD Daily

The Daily Pivot is at 1.3599 and the market is currently trading at 1.3676.

Now we all know that today is the 2nd day stocks have rallied now that all banks have guaranteed all deposits. Frankly, I think this is a last shot to boost investors' confidence and while I should be cheering, I think we have not seen the bottom.

I think we will see more volatility in November but that's for another story.

I attach the daily chart. If the market can hold above 1.3660, we will see an upclose above 1.3712.

EURUSD Daily

I was right about Monday and I was half right about Tuesday (yesterday).

Yesterday, the market opened at 1.3515 and had an upclose at 1.3571, I said it will be an upclose above 1.3643. It did reach as high as 1.3741 but the high was not sustainable.

DAILY CHART



Today, the market opened at 1.3570 and the daily pivot is at 1.3598.

I believe the market will try to trade at 1.3648 but it may not be sustainable and will probably trade down to 1.3454. Not much fundies coming out today except for the

Pending home sales for the US at 10am

so we may not see too much surprising moves between now and then.

UPDATE @ 4.28pm
The $ weakened when the London session opened by approx. 123 pips. UK is receiving a bail out plan of 50bn pounds. Can't get into details that much as I have a flight to catch.

EURUSD Daily Update

The market fell, yesterday. Fundies wise, there was panic in the European markets and people are looking to the dollar and yen as a safe haven.

Technically, the market yesterday opened at 1.3645 and closed at 1.3516.

I wasn't available to track this pair till now but it opened at 1.3515 and is now trading at 1.3583 and the daily pivot is at 1.3543.

The fundies coming out today at 6.30pm (German Factory Orders) may not disrupt the market that much but watch out for

• 9.30pm - ECB Trichet speaks
• 11.00pm - FOMC Member Stern speaks.

We can expect the market to have an upclose today above 1.3643.

On the weekly basis, 1.3983 will be a nice resistance to look at. The monthly pivot is at 1.3942.

I attach the daily and hourly chart captured at 3.33pm. The latest candle is today's so it is still fluctuating.

DAILY CHART


HOURLY CHART

EURUSD: 10.02am

This was taken at 10.02am on the hourly chart so the new candle is about 2 minutes' worth.

This pair hit a new low when it opened at 1.3645 so looks like we are heading south today. The daily pivot is now at 1.3653 so this will determine pretty much where this pair wants to go today.

The QQE is currently at 33.08 and is trading below the MA6.

Watch out for 1.3609. If it closes a true body below that area, we will see a fall. It it trades above 1.3653, we will see an upclose.

1.3698, 1.3710, 1.3749.





10.18am - Market Indices

News Update:
2.44pm Euro Falls to 13-Month Low as Credit Crisis Spread...