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Old 06-11-2008, 12:11 AM
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bigbear3391 bigbear3391 is offline
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Exclamation Update For 6/10/08

GBP/USD-Perfect down cross on the 4:00 am GMT candle. Nice steady fall all day & night. Looking to continue. News may change direction for a short time, but I expect it keep falling. +200 range.

USD/CAD-Down cross in early US trading. Has been sideways & choppy for the last several hours. Has not picked a direction yet. If I was in i would take my money & run. +50 range.

EUR/CHF-Up cross on the 9:00am GMT candle. Been up & down but still in an upward move. Secure some pips. News will set the new move so be carefull. +40 range

GBP/JPY- After 2 days of strong up moves with small down moves (hourly retracements) it looks to be heading back up. I would suggest keeping a close eye. GBP news looks to strengthen the Pound. +40 range.

USD/CHF-June 9th 14:00 gmt was the last cross up. It has been on a steady rise since then. Looking to continue but watch out for some hourly retracement. You should have secured somewhere in the neighborhood of +200 if in from the start. Now in the +220 range.

EUR/USD-I always say the news sets the trend. This is a prime example. After a 2 day, +400 pip rise, this pair has fell over +300 pips in 1 day because of the news. It started at the June 9th 14:00 GMT candle & has been plummiting ever since. You should be secure with around +240. Now in the +340 range. Looking to continue. As always news may change that.

USD/JPY-June 9th 9:00am GMT candle was our last cross in the up direction. Has been a very nice trade so far. Steady up candles with only small retracements throughout. Should have secured around +140. Now in the +220 range.

AUD/USD-Once again news changes everything. This bad boy has fell nearly +200 pips in 1 day which is twice the daily average for this pair. Depending on where you placed your stops you may have been stopped out around +100. Otherwise you should have at least that much secured. Now in the +160 range.

EUR/JPY- Flat. Going nowhere. I would wait for a news cross. No Trade.

GBP/CHF-Even though there was a cross, all indis did not line up. Waiting. No Trade.

EUR/AUD-Down cross yesterday in early Asian trading. Moving along slowly. May have been knocked out around +70. Now in the +100 range.

My current open positions= None.

See you 2marrow.

Bear-
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