Tuesday, 27 October 2009

26 October 2009 FX Market Sentiments

TRADE FOR THE DAY - "SELL GBPUSD above 1.6330 and Target 1.6180;if breaks below 1.6247 take the downward slide. EURUSD tends go higher"


US Market Close
GBPUSD -SELLs @<1.6326 (-)
GBPJPY -SELLs @>150.62 (-)
USDJPY -SELLs @>92.26 (-)
EURJPY -SELLs @>137.30 (-)
EURUSD -SELLs @>1.4880(-)


UK Market Close
GBPUSD -BUYs @<1.6312 (+)
GBPJPY -SELLs @>150.38 (-)
USDJPY -SELLs @>92.12 (-)
EURJPY -BUYs @<137.31 (+)
EURUSD -BUYs @<1.4909(+)


Euro Market Close
GBPUSD -SELLs @>1.6378 (-)
GBPJPY -SELLs @>150.86 (-)
USDJPY -SELLs @>92.12 (-)
EURJPY -SELLs @>138.39 (-)
EURUSD -SELLs @>1.5020(-)


US Market Start
GBPUSD -SELLs @>1.6351 (-)
GBPJPY -SELLs @<150.02 (-)
USDJPY -BUYs @<91.72 (+)
EURJPY -BUYs @<137.94 (+)
EURUSD -SELLs @>1.5037(-)

A rise in Asian stocks, as well as talk of Chinese reserve diversification, pushed the dollar lower in Europe. By 0530 ET, the dollar was down in Europe at Y91.80, while the euro was up at $1.5036 and the pound was flat at $1.6310.


Japan Market Close
GBPUSD -BUYs @<1.6272 (+)
GBPJPY -BUYs @<149.51 (+)
USDJPY -BUYs @<91.79 (+)
EURJPY -BUYs @<138.06 (+)
EURUSD -SELLs @>1.5035(-)


UK Market Start
GBPUSD -SELLs @>1.6313 (-)
GBPJPY -SELLs @>149.79 (-)
USDJPY -SELLs @>91.91 (-)
EURJPY -SELLs @>138.16 (-)
EURUSD -SELLs @>1.5043(-)


Euro Market Start
GBPUSD -SELLs @>1.6295 (-)
GBPJPY -SELLs @>149.67 (-)
USDJPY -SELLs @>91.91 (-)
EURJPY -SELLs @>138.06 (-)
EURUSD -BUYs @<1.5026(+)


Japan Market Start
GBPUSD -SELLs @>1.6320 (-)
GBPJPY -SELLs @>150.27 (-)
USDJPY -SELLs @>92.08 (-)
EURJPY -BUYs @<138.19 (+)
EURUSD -SELLs @>1.5007(-)



Hit Target!!!

Hit the first Target - hurray

Hit the second target & beyond - hippei

Pattern Changed - Missed Target

Hit target!!!











2 comments:

  1. Hi Utpal
    No Autocharts gives me latest resistence & support. It shows me at what level I should close the trade.
    Volume is very key for a intra-day & swing trader like me.
    Hedging can be done even if its not allowed - open multiple accounts and do hedge.

    ReplyDelete
  2. Utpal - I forgot to tell that personally i never use hedging. If an expert tells you to use hedging then its time to look for another expert :D

    ReplyDelete

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