11:40 GBP/JPY sell signal on H1. Now im waiting for sell signal on 5min TF.

13:05 There was no valid sell signal on GBP/JPY yet. Im still waiting.

18:30 I'm still looking on this GBP/JPY - it can be wave B still. No other pairs today.
I will post some analysis morning. Or i will tell when i will open GBP/JPY position.

29.02.2012  07:30

Today many news:

I will not open any position just before "red" news.


Now situtation.

AUD/USD

AUD/USD is now in wave 5 of up trend. 2 blue zones are potential reversal zones from Fibo projections of wave 1, wave 3, wave 1-3, and revers projection of wave 4.



EUR/USD

EUR/USD is also in wave 5 of up trend. Potential reversal zones are marked blue. Also by Fibo levels grouping. 3rd level is 100% of wave 1 and wave 3.


GBP/JPY

I think its still in wave B and before any bigger move up it should go down. But its possible that yesterday move down was wave C and there is non regular ABC correction.

19:00 End for today. No potentail setups. I will post some analysis tomorrow early morning.

4 transactions.
2x  -10pips SL on GBP/JPY
1x AUD/USD 0 pips.
1x +26pips GBP/JPY

So very little gain.

1 GBP/JPY position was too fast reopened.

Short on GBP/JPY
Sell signals on H1 and slow DT on 5min TF.

128.030.  SL 128. 128
 SL = 10pips.


There is sell signal on AUD/USD but price is 17pips from last high and potentail SL. Its too high for me.

Short on AUD/USD SL 1.07890

SL on GBP/JPY  -10pips. But im reopening it with SL on 128.230

Another SL on GBP/JPY -20pips today.

10:05 I shouldnt reopen GBP/JPY that fast. It should be reopen from m1.

But anyway if i get sell signal on 5min i can still get shorts there.

10:52 GBP/JPY close to reopen.

10:58 1 low risk position on GBP/JPY opened with SL 128.148

11:30 SL moved to 127.940

12:00 SL on AUD/USD moved to 1.07740 below open.

12:37 GBP/JPY SL moved 127.740

13:15 SL AUD/USD 0pips

14:00 GBP/JPY on SL +26pips.

AUD/USD:

It is probably in ABC correction of last move down. It can be just after high of wave C. DT on H1 gave sell signal but still I will wait for signal on 5min slow DT and it can be short here.

EUR/USD and GBP/USD seems to be after correction waves and both pairs begin new up waves.
If its not true and price will fall down to last minimums i will post charts and setups.

Setups:

GBP/JPY:

After this huge 5 waves move up there is correction now. It can be ABC correction and it should be like this:

There was wave A. Stoped on 38,6 of whole move. Now its wave B. It should stop somewhere on blue level. It is Fibo of wave A and 140 pips - and it is lenght of correction wave 4.

If there will be a sell signal in that zone i will open short.

28.02.2012   07:30

New for today:

Many news from USA. 14:30 will be not good time for trading - but EU session seems to be fine.

18:30 No clear situations for me today/ Specially with my last analysis. Only 1 transaction was short on open on GBP/USD - but i know on some platforms there is about 10pips spread and i had on 23.20 gmt+1 less than 2pips spread so I could try to open it.

Nothing else today. Tomorrow early morning alaysis and potentail setups.

10:00 Still nothing clear but some moves are good and soon there can be some setups.

26.02.2012

I dont see any clear situation.

AUD/USD is in down move after ABC correction.

EUR/USD  - nothing clear here for me.

GBP/JPY - still strong up trend. Its should be near end - and some strong correction should come - but no clear point of reverse. Best thing will be just wait for correction and try to take move down on point B.

GBP/USD - here can be begin of correction wave 4. Only here can be possible trade if price reach friday top.

USD/CAD I think that its just near top of wave B in ABC correction so down wave C can be near. But again best way is just to waite and get bottom of wave C and another move up.

SL on AUD/USD +20pips.

End for this week. As always some analysis on weekend.

12:35 GBP/JPY short 127.290 SL 127.435


GBP/JPY SL -15pips

12:30 AUD/USD short 1.07460 SL 1.07560

13:30 SL moved 1.07435

Its too early for potential targets.

14:30 SL moved to 1.07255 AUD/USD

11:50 There is potential trade on GBP/JPY too. Its now in wave 5. On strong S/R level and 5 = 1 now.

Im still waiting and i will take probably 2 trades - GBP/JPY or GBP/USD or AUD/USD.

AUD/USD didnt breake night high so it looks strongest.