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[rufffen]

NEW LEVELS IN THE ATTACHED TABLE!

UPDATE 12/07/06 wed, US:

GBP/USD

Good idea is to add some to NET SHORT @ 1.8400-8430 SL 8480 TP 8240, or 100 pips away. Good confidence with this one trade.
EUR/JPY GBP/JPY

Look for yen to topout 115.90-116.20, after a clean reversal Id recommend to short EUR/JPY and GBP/JPY, however make sure YEN reverses SOUTH first! If EUR/JPY trades above 147.40 or actually if it breaks 147.00 Id recommend to stay out of that trade.

Current EUR/JPY resistance is 146.88, 14727 14708 are overshoot levels, anything strong above that level, please stay out!

EUR/AUD:

This item looks like it's reversing, however I can't confirm that, since I got two conflicting setups right now. FLAT NOW.

Have two fractal for SOUTH/NORTH move, now the idea is to wait for confirmation and either SHORT TOP or BUY BOTTOM, once the fractal is confirmed.


UPDATE 11/07/06 tuesday, US:

Considering a new trade setup:

AUD/USD

If the SHORT trade gets stopped out consider a new setup

BUY AUD/USD 7550 SL 7460 TP1 7600 TP2 7660 TP3 7710.
Once the targets are hit consider SHORTING in the window 7720-7760

EUR/AUD:
Looking for a reversal signal NORTH at 6870-6910, if that
confirms, can go LONG for 1.7380 SL 1.6840.

UPDATE 11/07/06 tuesday, ASIAN:

Current SELL WINDOW EUR/JPY and GBP/JPY

EUR/JPY

1st 146.30
2d 146.10
3d 145.70

TP 100-200 pips
SL 147.60 move to break even once in profit

GBP/JPY

1st 211 15
2d 210 95
3d 210 60

TP 100-200 pips
SL 211.60 move stop to break even once in profit and trail

GBP/JPY countertrend trade, be careful!

1st BUY 209.65-209.80
2d BUY 210.00-210.20
TP 211.40 SL 209.40

This trade only good for the next 4 hours, once the pairs bottoms out.
Can BUY EUR/JPY same time for 60 pips.

EUR and CABLE levels coming up shortly, updating the scorecard now.

NEW TRADE SETUP

NZD/USD

LONG 1st 0.5990 2d 0.6040 TP 0.6380 0.6540 SL 0.5900
High probability trade

AUD/USD

SHORT ST 0.7510-0.7520 SL 7560 TP 7420 this one a 100 pips trade.

GBP/USD more risky trade

SHORT 8480-8520 area SL 8560 TP 70 pips.
would rather short from higher levels, or if you
have shorts since last week, advise to hold them now.

AUD/CAD setup

This item is shifting cycles as well, to a new uptrend, however right now
will likely retrace lower.

BUY WINDOW 0.8180-0.8230 SL 0.8100 TP 0.8560 going for 360 pips here.
Im also shorting at current levels (0.8390-0.8440) but can't recommend that to anyone.

So far:

EUR/JPY is +160
GBP/JPY +100
USD/CHF + 70
GBP/USD + 80
EUR/USD +60
GOLD + $9
EUR/CHF -40
USD/JPY - 90 - maybe close this trade and wait for a better setup.

PS:
1) I don't recommend closing EUR/CHF with a loss, since it will go up as soon at EUR drops.
2) USD/JPY - Do not recommend to close witha loss, since this pair will reach 110 in the nearest future - refer to the attached PDF file.
3) You could generally trade the pair in the direction of the trend, which is SOUTH for everything, aside from USD/CHF, which is going NORTH.
4) Name of the game trading strong trend on EUR/JPY and GBP/JPY is short on any retracement from the dips.
5) AUD/NZD is a little bit slow, so no analysis and setups for now.

THIS THREAD IS CLOSED! Please no posts here, thank you!

New trades posted with comments in attached PDF file. Thread closed till END of next trading week. Update Part2 coming after 14/07/06.

UPDATE on posted trades:

EUR SL hit - 70
GBP SL hit - 80
EUR/JPY +80 (I got in early +110) holding
GBP/JPY +60 holding
SPOT GOLD +4 holding
EUR/CHF holding SL moved to 1.5600 TP is 1.5770 -30 now

NEW Trade (not in PDF) SHORT AUD/NZD NOW OR (1.2320) SL is 1.2380 TP1 1.2240 TP2 1.2180 TP3 is 1.2080 TP4 is 1.1860. Last up to 3 months.

Previously posted trades:

SHORT EUR/JPY NOW SL 147.80 TP (revised target1) 136.00 Can take GBP/JPY SHORT too
SHORT EUR/USD NOW SL 1.2840 TP (target1) 1.2660 1.2540 1.2400
SHORT GBP/USD NOW SL 1.8480 TP 1.8200
LONG EUR/CHF NOW SL 1.5660 TP 1.5780
SHORT SPOT GOLD NOW SL 638 TP 530

Update SUNDAY.

Have a good weekend and a profitable trading week!

[rufffen]

Possible SELL zone for EURUSD this week is 2990-3080, now this is not a call, if we will approach this area, I will update the situation.

Currently Im flat though just a small short on CABLE going with tight SL.

[rufffen]

NEW SETUP USD JPY

USD JPY SHORT SELL WINDOW 116.40-60 SL at 116.75 TP1 115.80

[rufffen]

USD JPY update

Looking at my data, I got

116,1600

116,7406

range as the SELL ZONE, so I shorted some lots at current price (116.14) and will add some more lots as we range in this area, prices will most definately drop soon time.

This should also see EUR USD trading well above 2900, and quite possible 3000 range, just a reminded here,

1,2987

1,3067

is the first SELL ZONE on EUR USD this week.

[rufffen]

USD JPY was stopped out for -36 pips, apparently it's doing a decent overshoot now, Im only adding more to short possies, since Im fairly confident that we are topping out, looking at USD CHG EUR USD GBP USD Id say reversal it coming shortly, although CHF hints that there is further 100 pips upside possible.

Can't advise to take any position right now on majors, 1st EUR USD BUY ZONE wasnt triggered yet (2647-2672), so might as well say that best R/R is to stay out of the current markets.

[rufffen]

Here's a USD CHF daily EW analysis to confirm the majors upcoming reversal.

[rufffen]

someone was asking me about EUR JPY direction, you can MSN me @ rufffenfx@hotmail.com

[rufffen]

EUR USD UPDATE:

TWO BUY ZONES THIS WEEK

1,2513

1,2595

1,2676

1,2702

Im fairly confident that one of the zones will be reached by mid-week to present a very decent R/R LONG SETUP.

One can also BUY at current levels, since there is more upside potential, however SL will have to be wide.

Id suggest to take EUR USD profits at 2820 2880 area this week, and maybe SHORT from 2880 2920 levels if we experience good price swings.

Across the board, USD JPY and USD CHF looking as good SELL opportunities, just need to get in at good price.

[rufffen]

EUR USD UPDATE:

TWO BUY ZONES THIS WEEK

1,2651

1,2698

1,2746

1,2761

Also one can SELL EUR USD at current prices with SL at or above 2880 for target TP of 2740 later this week.

Also interesting to note that EUR USD broke out of uptrend and now establishing in downtrend channel, althouth EUR JPY is not showing any signs of weakness, and will likely reach 154 by October, as I was forecasting earlier in August.