Friday, October 26, 2012

Intraday Analysis/End of week analysis

spx has broke below the 1400 on futures. i still think a bottom is near but do not long just yet. need more confirmation when doing counter trend.

looks like this week's trade made small money, 30 pips overall with the eurjpy and usdjpy. my audusd trade would be in the money if i executed it and 100 pips a week would be achieved but i was bz testing other stuff :).

today is very simple, as long as 1400 is not held den markets are in deep trouble. on a side note i actually think that eurusd has to go lower first before an interim low.

NEW strategy:
looks like my new strategy is doing well but yesterday there was a failed signal. i shall think about it over the weekend. anywae after yesterday's failed signal i actually waited for another signal and shorted crude for small profit. but everything was too hectic so i did not post it here.

today is my rest day but i will check on the markets at night as i intend to long for next week.

potential long candidates are:
eurusd:long @ 1.29 or 1.286
audusd:long @ 1.0305
nzdusd
usdcad:short @ 1.002

these are just tentative targets, need to exercise "experience" when entering if you know what i mean :)



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