Looking ahead at week 30 and reviewing week 29
Review week 29Result: 0,7 R up on an open position in EURGBP.
I will move the stop to break even, which is just above Fridays high.
|EURGBP - Short - 0,7R up on open position, stop will move to break even|
I also placed a long order on the AUDUSD that did not get triggered unfortunately. I'll share the setup in below chart. It was a bit annoying that my order did not get triggered as it was a pretty good setup. I am considering to be more flexible and allow orders to be placed at the 38% fib level instead of the 50% level as long as the R2R rate on the trade is around 2 or more.
|AUDUSD - Long - order not triggered|
Analysis week 30
Based on my Ichimoku analysis I will be looking for positions in the following pairs.
Short: EURUSD, EURGBP, EURJPY, USDJPY and USDCAD
Long: AUDUSD, USDCHF and Brent Oil
If you want to know how I come up with these directions, you can best see the video in last weeks analysis.
|EURJPY - Short - closed friday at ultimate low|
Economic calendar week 30Next Friday will also be a day with heightened volatility as there will be many figures coming out for both the EURO zone and the USD. Best to stay out of the markets or at least have convincing positions with wide stops.
|20120724 09:00:00||Troika visits Greece|
|20120725 01:30:00||Consumer Price Index (YoY)||Australia|
|20120726 12:30:00||Durable Goods Orders||United States|
|20120727 12:00:00||Consumer Price Index (YoY)||Germany|
|20120727 12:00:00||Harmonised Index of Consumer Prices (YoY)||Germany|
|20120727 12:30:00||Gross Domestic Product Annualized||United States|
|20120727 12:30:00||Gross Domestic Purchases Price Index||United States|