Week end

US : Economy grew here in USA at a very stable rate good for FED's consideration to raise rates...if growth stabilizes.

EUR/USD: moved back below 1.3291 level and found support and is looking to close the week above 1.3300.

As far as performance is concerned:

A very good start; after 2 very bad days but then getting back into the zone took a nice long nap and a visit to the gym and here you go back on track.

I still feel a little upset on the performance that I showed this week. But hey recognition and correction is important. One having the ability and potential has nothing to worry except just being patient and following steps to get back on track.

Confidence is a key element to success in the trading profession.

Equity Curve for this week.

Gold: April 30, 2010

Gold

Is on its way to the first target this year 1207/Ounce

1145.10 is where it found a strong support.

See daily Chart:

April (Equity Curve)

Week 25 - 30 April

Very slow month for me and last week took the biggest draw down for the week and the month this year.

Anyways, a new week, a fresh perspective and all focus on probability and maintaining discipline.


Gold: As usual buying dips in the price action below USD1110/ Ounce. First support level 1145/41. and below 1123 and then 1087, 1071 and the yearly support level 1041.

EUR/USD: Greece debt concern is still there...even though they have requested the bailout fund but investors are looking at as to how Greece is going to manage all this debt and structure its policies that will cut costs/ spending and generate some revenue.

Reference article: Crisis not over:

I am bearish on EUR/USD any rallies that are in this pair are likely to cap out and sold once again till we have a clear picture of EUR's stability.

Dont take me wrong weaker EURO is also good for the regional exports.

Weekly chart: A kangaroo tail
Daily Chart: A very strong bullish candle from last weeks lows around 1.3200

The pair is 100 pips above 1.3270 a key level moving down wards.

above 1.3270 is 1.3335 and the 1.3358/61

Resistance around 1.3413 and 1.3435 major resistances above 1.3470

Last week: pair closed below 100Hr SMA.

My picks: Sell around 1.3475 and or below 1.3320
Short term long above 1.3358

GBP/USD: Daily candle closed in decision: but left a long tail: sign of reversal at least a day or so.

Support: 1.5346, 1.5291 and then 1.5181

Resistance: 1.5380 and then 1.5397

Pair is maintaining the trend line and it is above 21EMA on the H4 and daily chart.


USD/JPY back above 93.78 support level and maintaining a trend line on the daily chart.

EUR/USD

Pair broke above 1.3300 level ..however, due to better ECO data coming out of US the Dollar is once again in control.However, pair is still far from today's low.

New Homes Sales due in next20 min.

1.3273 and then 1.3256 levels to be watched atm.

After a Break

A nice and productive break from charts, news and the world of trading.Good 10 days ;)


Will start the ship of trading on Thursday with PPI, Unemployment claims and E Home sales data coming out of US.

Equity Curve Mar 9 - April 7

Total Trades:		51		Short Positions (won %):				22 (77.27%)	Long Positions (won %):			29 (75.86%)
Profit Trades (% of total):								39 (76.47%)	Loss trades (% of total):			12 (23.53%)

WEEK April 4 - 9

Pretty calm start for a very busy week for Dollar, Pound and Euro.

A week for Fundamentals.

EUR/USD: I see on h4 and h1 head and shoulder formation.
I am only looking to short after trend line break and retest.
Immediate Support around 1.3481.

See H1 chart






GBP/USD Consolidating near 1.5300
Resistance 1.5293 (Double top)

I expect Feds to change their language at least and or do something about interest rates.

Everyone is waiting for FED's as we saw on Friday NFP showed improvement in US job market.

I am long on Dollar (Short term) and buying dips in Gold.

Weekend

Fed's looking to meet on April 5 (unexpected meeting).....Lets see if they are going to raise rates and or ?
Eyes on Monday now.

EUR/USD almost no change for the week.

USD/JPY moves above 93.78 daily resistance level. Now next target around 97.20

GBP/USD finding resistance at 1.5295 immediate support around 1.5125. At the moment trading near 1.5190

Dollar index showing bullish signs: But still in the short term bearish channel but on the top side.

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Close:

10 Trades
2 Negative
8 positive
80% win to loss ratio

4.59% Equity gain.