Sunday 15 May 2011

Sunday Night (15th May) Update ...

Sunday 15th May ...

Tonight, I have placed 4pending Income Generator orders, and have 1 trade in progress which triggered last week.

The running trade, on GBP/CHF is a short, and the price is currently above the entry price.

The other orders are short on USD/SGD, GBP/AUD and Long on AUD/CAD and NZD/CHF

The current situation looks like this :






Current position from tonight
Curr. PairDirectionEntryStopTargetP&LComment
GBPCHFShort1.43631.45541.4172-96pips-
USDSGDShort1.23701.24801.2260--
GBPAUDShort1.51941.53591.5029--
AUDCADLong1.03051.02231.0387--
NZDCHFLong0.70540.69680.7140--


Short on USD/SGD

Short on GBP/AUD

Long on AUD/CAD 


Long on NZD/CHF















































Update : having reviewed the orders, I have noticed that, while the price is above the 50EMA on the NZD/CHF, the 20EMA is below the 50EMA, and the 5EMA is between them both ... sure, ignoring the 50EMA the pair meet the entry criteria, but with the "confusion" in the Moving Averages, I have decided to remove the order as the aim is to remove unnecessary risk.

6 comments:

  1. Hi Nick,

    I stayed away from the USD and AUD pairs because of the news. Did you miss to look atr the calender or do you have another reasen why you placed the orders?
    I only saw signals on EUR/CHF and GBP/CHF.

    cu
    Klaus

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