My views on future trades, past trades, the market and lessons learnt

Monday, May 25, 2009

Trades for last week May

Will look at taking the following trades sometime during this week (NOTE: These are not 'precission trades' they are normal trades for me, I will post this weeks power levels on E/u later on).

EUR/USD
Buy around 1.3850 or 1.3700
SL ~ 50pips from entry
TP ~ 300-400pips

AUD/USD 1
Buy around 0.7650
SL ~ 40pips from entry
TP ~ 350pips

AUD/USD 2
Buy around 0.7400-0.7450
SL ~ 75pips
TP ~ 500 pips

USD/JPY
look for longs above Hourly 100EMA. and make it a risk free position as soon as possible.

note: These calls are only plans at the moment and may not be actioned depending on price action. I will update here as price moves closer to my areas and as I take the trades.

P.S: AUD/USD long was closed out at the end of last weeks trading session.

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