Wednesday, October 20, 2010

Transactions (FX) and (DJI)

Transaction 2010-10-20 (Wednesday) - FX

GBP/USD (Intraday Trade Only)
Long GBP/USD
Entry: 1.5681, SL 50 pips, TG 1.5950
(Activated)

Short GBP/USD
Entry: 1.5966, SL 50 pips, TG 1.5750.
(Pending)

Current market sentiment (Chinese Yuan Interest Policy, Policy Tightening in China, US quantitative easing in November?) I prefer to short GBP/USD and looking at 1.5700 and 1.5450 as Target Exit by early November 2010.

Dow Jones Industrial Average (DJIA)
DJIA hit low 10918, I closed my short position at 10950.
If pincer bottom in 1H (10,918) cannot hold the market up, then DJIA will head to my 2nd target 10,750.


During Asian hour:
Long DJIA:
Entry: 10,968 SL 50 points Exit: 11,140
(Activated)


Today will mark another short for DJIA:
Entry: 11,143 SL 50 points Exit: 10,950.
(Pending)
Posted by Ayumi at 9:10 AM
Labels: , ,

3 comments:

  1. HandsOctober 20, 2010 at 1:50 PM

    Hi Ayumi,

    If GBP/USD and Dow managed to get back to yesterday high, that means EUR/USD will reach 1.3900 - 1.3950 again today? Earlier I was thinking it will reach that point around tomorrow morning (thursday), then start to reverse down again at afternoon time accelerated with PMI at 3:30 targeting 1.3750 then on frid/mond targeting 1.3500 - 1.3600..

    You have no entry/plan for EUR/USD this time?

    ReplyDelete
  2. AyumiOctober 20, 2010 at 8:20 PM

    Hi Hands,

    I have been triggered many times last week on EUR/USD, I avoid to trade as I may still have emo attached to it, so I am just watching EUR/USD unless I can recognize my favorite pattern to enter.

    Secondly, Hands, your analysis is good as I am looking at EUR/USD to retrace to 1.39-1.40 region again for shorting opportunity, I agree, today, or tomorrow as you mentioned :)

    You can read my sifu's special report on DJIA on APSRITrader Facebook, find out their corelation.

    Best wishes!

    ReplyDelete
  3. HandsOctober 21, 2010 at 8:56 AM

    Hi Ayumi,

    Saw it. Based on the DJIA report, DJIA will reach top on friday which means eurusd possible to maintain upside till friday?

    November will be very volatile days.. Mid-term elections on Nov 2nd, FOMC on Nov 3rd, US unemployment on 5th and the G20 on Nov 10th/11th are all big risk events.
    --> http://www.forexlive.com/140875/all/looming-risk-events-to-encourage-more-profit-taking

    ReplyDelete

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