Dan’s Forex Market View - 19 Oct 2007 » Forex Blog, A Part of No Bullshit Network

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Oct 18th 2007

OptimusLH AUDUSD, GBPUSD, forex signals, forex 1 year, 2 months ago
Tags: AUDUSD, GBPUSD.

Hello,

Here are my thoughts for today. No explanations or charts this time, just simple ’signals’.

AUD/USD (0.8915)

Trend: Downward

Take profit target at 0.8775

Stop loss (and reverse position) at 0.8990

GBP/USD (2.0442)

Trend: Uptrend

Take profit target at 2.0600

Stop loss (and reverse position) at 2.0370

Regards,
Dan
Life Holdings Management

Popularity: 16% [?]

1 Dan Oct 19th, 2007 at 8:08 am

Update for 19 Oct 2007 post:

AUD/USD stop loss hit for -75 pips plus spread and we’ve reversed the position to Long.

GBP/USD in 70-75 pips heading even higher. The first target is still around 2.0600

Regards,
Dan
2 Dan Oct 21st, 2007 at 5:29 pm

Another update:

I’m still holding GBP/USD long. AUD/USD reversed yet again to short trade much earlier then I posted this. If I would have held an initial stop loss for AUD/USD 5 - 10 pips higher I wouldn’t have gotten stopped out.

GBP/JPY: we will probably see 235 - 239 again this week. I don’t consider this a free fall YET…but the shorts will get to have their days/weeks very soon.

Regards,
Dan
3 Misa Kikouden Oct 31st, 2007 at 8:06 pm

Well it’s clear AUD/US will be going up soon due to the reserve rate cut which will hammer the US dollar. The japanese carry trades are going cautious and some of them are moving into Australia and European Union.
4 Jude Nov 1st, 2007 at 6:43 am

Misa, you’re a Japanese?