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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]

USDX 1 hour update: EW fractals clearly indicate further upside, currently doing a 5 wave impulsive up and prolly major degree wave3 as well; it doesn't help much though, only adding more pieces to the puzzle.

[rufffen]

EUR/JPY and GBP/USD short trades triggered, update at UK close.

[rufffen]

SETUPS update: EUR/JPU +64, move to b/e trail 40 pips, GBP/USD -40 SL 8560. I don't feel so good about that one now, got out of sync with the markets I guess. I will look to reverse NET LONG on Cable, but currently no trades recommended.

[rufffen]

I will post updated setups Saturday, I think I spotted pretty good opportunities for Sunday/Monday.

[rufffen]

Looks like the CABLE trade (SHORT) will get stopped out, if 8555 goes on cable, next stops are 8660 and 8800.

There is conflicting data on euro / cable / yen charts, several fractals pointing different directions, Yen for one is trying to push towards 113.

Let's see if cable gets stopped out then Ill update.

[rufffen]

GBP/USD update: Big SOUTH reversal coming up on cable, so Im short now, but will recommend to short 8580-8640 window SL 8660 on that one, TP is 200 pips away from current levels. Reversal either Sunday or Monday US hours. Time/price/range fractal points a big reversal.

EUR/USD: Can take a short now (2680) SL 2740 TP 2400 or after weekend Asian open.

EUR/JPY: Will recommend to close that trade with some profit now.

[rufffen]

Week thread results:

GBP/USD start of the week short: +127
GBP/USD SHORT: -60
EUR/JPY: +40
USD/JPY SHORT: +180
New GBP/USD and EUR/USD shorts: update monday

+287 total

AUD/USD NZD/USD AUD/NZD EUR/CAD EUR/AUD trades were not triggered. All the previous trade setups are void. I will update setups scorecard in the first post over weekend.

Also please note that in my trades scorecard as per first post there are setups to go LONG cable this week at 8200, however that trade was void, because I advised to stay out of LONG positions and revised targets.I post a scorecard in the first post and if there are any changes to setups I update the situation accordingly. So to avoid any confusion, first refer to the trades scorecard in the first post and then to my latest recommendations.
I'm done for the week, and wish everyone a good weekend!

[rufffen]

EUR/CAD update: minor a/b/c on daily looks like wave b is going to topoup 4500-4520 area, so lets wait for that SELL zone to be triggered, revised SL is 4560 TP1 4400 TP2 4240.

[rufffen]

New trade setups updated for the coming week, please see the first post.

[rufffen]

Big reversal coming up right about Sun/Mon, as the once-in-a-year events don't happen too frequently, new apsects lining up for some dollar strength to come.

[rufffen]

2-4 hours from now on expect a EUR and GBP reversal, now this time Id target for 8300 on cable.

[rufffen]

EUR/CAD update: Slightly more risk to SHORT now, but Ill take it, SL 4500 TP1 4300 now

[rufffen]

Update US close:

GBP/USD worked out for +100 EUR/USD +80 and EUR/CAD +60 so far, I expect a small rebound and then the decline will resume.

All the open possies Id say good idea to trail, as I usually recommend,

GBP/USD I see an opportunity to add some more to SHORTS below 8454 target 8356 and 8311 initially, but wait for a break of that level first.

[rufffen]

As the July results are closing on + 2 000 pips per one lot, Im about done here, no more trades this week, Id say EUR/USD GBP/USD EUR/CAD TPs will be honoured by Friday.

Ill do another month in August and Im done with this thread, as I have other commitments.

Hope some of you made pips on the way, and have a good trading week, or what's left of it anyway!

[rufffen]

Tradeable Cable reversal coming up 26th into 27th asian time, might be good move for 100+ pips, other timed events this week

07.26 0700GMT
07.27 2000GMT