Trading and Life Update 24 July 2012

Hey Ho
Hope you're all loving life and trading.  Here's a quick update - I'd also love to hear some comments or feedback on the blog.  We're starting to generate some decent traffic now so it would be great to hear from you.

Trading:
EURJPY - banked 1% and open 1%
AUDCAD - closed at break even  - unfortunately the market turned against us after a very promising start to  the trade.  We had a shooting star formation at the close of yesterday, and were in the trade and in profit. However, the market is a mean machine and it turned against - luckily I'd moved my stop to B/E as I knew this trade was speculative in the first place.

Orders:
EURAUD short: Price action shows an inside hanging man bar, at the weekly pivot which hasn't been broken for two months. I have a short order in place, at the break of the low of 24 July daily bar.

AUDUSD long: Pretty much the same trade as above, and once one of these triggers I'll probably take the other order off. I don't want too much exposure to the AUD given the current risk off position in the market.

Watchlist:

As you know, I only trade End of Day, so all these are EOD trades on Daily bars.AUDCAD - wait for break and retest of 1.0500 level to go long
EURNZD - reversion to 20 ema in strong down trend. Short opp.
GBPAUD - reversion to 20 ema in strong down trend = short opp
NZDUSD - short opportunity if monthly pivot broken and retested
USDCAD - short off monthly pivot

Life:


Tonight I went to an introductory concert for a new artist named Emilia Mitiku. http://emiliamitiku.com/
She had a wonderful bluesy, soulful voice and I'd recommend buying her single Lost in you.  Also really looking forward to the Olympics in London - I have a few tickets to various events.

Good luck with your trading, and keep loving life!!