Thursday, June 9, 2011

Gold, GBP, EUR & YM on Thu 9-June-2011

Gold
Liquidate my short position yesterday at 1534.70.
Market rebounded to 1540 region and this morning open at 1538.

I aim to short again at 1540 and target exit at 2nd target 1525.

Today's queue to short:
1) 1540 SL 5 pts TG 15 pts
2) 1550 SL 5 pts TG 18 pts

GBP/USD
My queue to short GBP/USD expired.
and GBP/USD has been gradually posing upward and moving towards the previous breakout point of 1.6400.

Today I will short at 1.6450. SL at this week's high 1.6470. TG 1.6205 (1L).

YM
Market rebounded when it approach 12000 level last night.
However the strength is weak and I am still staying side.

EUR/USD

Expect EUR/USD to march up to 1.4660 to form the right shoulder.
Check 4 hour chart.
Waiting.
Similarly, I will queue the same order like yesterday, Short at 1.4653, SL 30 pips, TG 200 pips.

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