Amyc Trade Journal

New month and new levels are set. For au the target is 7995 for June. I will be looking for somewhere to sell between 8599 and 8663

For EU the target in June is 1.1996. I'm still hoping to get a sell around the 1.25-1.26 area.

Long au at 8445, sl 8430, will post a chart soon.

stopped for -15

Hi Marc, what's your views on au?

Hi Amy. I got your PM as well... I am not in any A/U positions at the moment because this is a precarious situation again. You can see the range between the white rectangles on my H1. I am waiting for a H1 candle close outside of one of these white areas. It looks however at the moment that it will be to the downside so I too may start selling.

Thanks Marc, things look bad at the moment but this maybe near the lows, I have daily lows at 8367 which matches with the weekly pp so this could hold it. Also I have US indicies looking like they have found support at 1080 so not shorting too quickly. An hourly close below 8367 and I will look at shorts, but I still think both au and indicies need to move higher first.

S&P futures, this setup is bullish, support at 1075, target green highs, I will be suprised if NY doesn't take this up on Tuesday.

AU is coming up to an 80 pip low at 8350 (LH chart) and a 140 pip low at 8335, normally this will reverse the market 140 pips. I won't be trading this until after the next 4 hr close though as I don't want to get caught up in the news.

Au is starting to look bullish with a 4hr close above the 5 day midpoint at 8381. There is a breakout of the green highs from Thursday last week which should push it up into the green highs sometime this week.

But it didn't complete the move down into 8350 so while price is below 8430 this can still occur.

Long from 8390 SL below current lows. Target 8600. (weekly highs)

Closed au long at be, didn't like the way pa was looking.

Instead I am short eu at 1.2290, this is a bearish setup on the 40 pip bar which should push it down into the green lows. EU is targeting the weekly lows which are 1.2124 this week.

Part profit taken at 1.2240 +50 pips. 1.2240 is a 140 swing low and I am going to use this as my line in the sand for a continuation down, below and it should move first to 1.2216 then if below there down into 1.2124

Aud does not look like it will be seeing 86 anytime soon so I am lowering my sell levels down to 8363-80 area if we get a retest.

EU reaches weekly lows at 1.2124, still holding my shorts as it looks like it will go lower.

Took more part profits at 1.2130 +160 pips. I think that 1.2178-85 will cap the move on the way up, 1.19 is the next target on the downside.

GU has completed the move I was looking for au and S&P to do, short at 1.4617, target 1.4149.

Stopped on GU trade, that trade was taken too soon, I should have waitied for price to move back into the green midpoints on the right at 1.4728. I have gone short again, as long as it stays below 1.4728 then it should move down towards the June lows at 1.4149. If it has a daily close above the green midpoints then its moving to the highs next week which are up around 1.53 and I just don't see it moving that far up.

The euro is showing bullish signs at the moment. Tuesday it moved down to the weekly lows and bounced, Now on Wednesday it has had an open above the daily midpoint, this should push it up maybe for the rest of the week.

AU, I am not trading this pair at the moment as there is too much volatility around the 83-84 area for my liking. I will short if it moves up into my sell zone at 86.

The pound has moved back into the resistance, this trade looks a little dicey at the moment. As a note when I post a pound trade I wouldn't follow it as I'm not that good on the pound, it is my nemesis, it gives just enough pips that I can't turn away but I would be better off without it. At the start of the year I made 900 pips shorting it but I have given back at least half of that trying to short it again.