Trading today 22th of May 2009

         Gold moved up as my level posted yesterday.Holding gold postion for target 965 level.

         Buy gold today 946level for target 965 level,stoploss below 943 level.

         Buy Eur at 1.3830 level for target 1.3980 then 1.4050 level.Stoploss below 1.3815 level.

         Buy Pound at 1.5710 level for target 1.5890-1.5950,stoploss below 1.5680 level

 

Trading today 21th of May

         

         All the Major FX pair stronger against USD,your targer profit were took at my level for Eur,Sterling

         We are better stay out for a while today and see....

         Gold hit my stoploss,it went up very fast like a wild horse.Gold may test high 965 level again,gold can test high near 950 level today then sideway.

 

         Buy around 939.5 level for target 946-951-955 level.Stoploss lower 936 level.

        Dowjones future tested 3tops to drop back. Looking to short Dj 8480 level for midterm target 7600 level. 

Gold trading 20th of May

         My short gold around 925 level at my post yesterday.It was hard to sleep last night when gold went higher 925 level.The first drop to 920 level so I hope that market breakdown 919level to see a bigmove,but unlucky night when Gold rebound up all the way. So I moved my stoploss higher 934 level,prepare the heart pain for this short position,still holding no choice.I'm waitting to see the market testing 3tops 932-933 level.

         I tried to analyse the gold chart again at midnight then posted this commentary,my view for gold still trade in range from 903-936 level from 20th of May till 3th of Jun.Gold will got more clear trend when it moves out of this range.

        Please put stoploss with your short position,you also accept a pain if your trade hit stoploss.The importance things is your accounts still survival

Trading today 19th of May

          Fx finished the correction so fast and turning back to the trend now.Eur,GBP is on the way go up again to my commentary last fews day.

          Turn to long Eur around 1.3560 level for target 1.3750 again- stoploss below 1.3530 level

          Long GBP at 1.5385 level with target around 1.5530 level first and 1.5680 level.Stoploss below 1.5350 level

          Gold is good to short around 925 level for target 908 and 905 level.Stoploss higher 932 level

weekly trading tip 18th-25th of May

         Eur traded in range as my post last day from 1.3460-1.3750 level,Eur did not break up 1.3750 so droped back to my support level 1.3461 last week.

        Eur already make a correction to drop back,my view for Eur may rebounds up 1.3530-1.3560 level in next week 18th -25th of May then slide down again. 

        Short Eur around 1.3550-1.3560 level with stoploss higher 1.3590 level.Profit target around 1.3380-1.3335 then 1.3305.If Eur break down 1.33 level we can see Eur test low 1.3230 

       GBP was still higher 1.5050 for support,If break down this support 1.5050 we can see GBP test low 1.4830 and 1.4755 level soon.Level to short 1.5280 or 1.5315 with stoploss higher 1.5360 to make a big profit on the south trend

        CHF in next week may rebounce low 1.1135-50 level before turn up 1.1280 then 1.1330 level.Wait to buy low level 1.1150 with stoploss lower 1.1105 

        JPY was tested my support 94.80,it actually tested low 94.73 level. We are better to buy JPY for rebound up 96.80 and 97.30 for next week.

        Long JPY around 94.55-94.80 with stoploss lower 94.50 level.

        AUD make a correction the same with Eur,looking to short 0.7550-60 level with stoploss higher 0.7590 level.Target at 0.7430-0.7405 then 0.7355 level

        CAD is waitting to buy at 1.1705-25 level with stoploss lower 1.1650 and target around 1.1980 level

       GOLD was true with my view posted some last week,Gold was test high 934 level with my long level 915-920 for target 932-936.

       In coming week I'm looking to short gold again 933-936 level with stoploss higher 938 level.Target for gold correction around 903 level soon, my view for Gold still see around 805 level again in next 2 months.

       Happy trading for new week all my friend.