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September 14th, 2008 at 8:49 am

New week.

Last few days were very good for me. Just the trades featured here worked out extremely well and I’d like nothing more but to continue doing what I was doing. This might not be possible in the same form. I have to do some traveling later on today, after the market opens, so it will be impractical for me to follow GBP-JPY as closely as I should. Ideally, some pull back would be welcome here, proceeded with a buy above most recent high.
gbp-jpy.jpg

As you wight notice from the enclosed chart, I don’t really see any eminent entry here. I will not be able to keep close eye on the markets until at least European open, so in the meantime I’m placing longer term order . Pair is EUR-AUD and direction is down.

eur-aud.jpg

Sell order is placed at 1.7195 with an objective of 1.6950. Notice that 4 H chart is used, so it might take a while for this trade to complete.
There might be some serious moves at the open, just like last week. Since I will not take part in trading during this time, however, this is not my place to voice any opinions. No trade – no comment.
More tomorrow.

Mike K.

image3.gif

 

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