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Analysis update

Posted on January 13, 2009 at 10:07 in Uncategorized by Phil Newton

Hi Folks,

Just a quick update to the direction bias’s for today… still the same directions hold as mentioned on the video blog entry the only change to this is the EURUSD which has given me a new short direction bias and I’m now looking for short trades and as I type fib retracements are setting up for me. One false start so far and looking for a re-entry.

several break out trading opportunities develoing so far today and another full house of trades have set up for me.

AUDUSD CADJPY AUDJPY CADCHF (still pending fill) AUDCHF all break out of Asian session ranges

EURJPY EURUSD are for me fib set ups

personally Ive missed new trades on GBPUSD and GBPJPY but I still have a small swing position on and will look for a Fib retracement set up if price retraces significantly enough for me as the day unfolds.

Happy trading

Phil

Tags: Trading Plan

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