Friday, 5 September 2008

GU:
Support 1.75, 1.7420 (50% Fib), 1.7250 (previous low), 1.7050.
Sell limit 1.79 (44 pips above R2) expires Monday evening, SL 1.80 (31 pips above R3).
Buy limit 1.7520 with size of 2, SL 1.7480.

UC:
Sell limit 1.12, change the SL from 1.13 to 1.125.
Add sell limit 1.13 with SL 1.135.

GJ:
GJ has a new low on Friday at 186.17 while the major support is 187.50 (38.2% Fib). Next support is 179.40.

EU:
EU has broken out down support 1.445 (TL) and 1.43 (previous low). The next support is 1.4125 (2007.10.22 low) and 1.4015 (2007.10.9 low).
Action:
Sell limit 1.4479, SL 1.4572. Buy limit 1.4020, SL 1.3920.

AU:
As James Chen said, 0.8000 has been served as R/S. Upper R and Lower S is 0.7680 and 0.8500.
Action:
Change current buy limit from 0.7682 to 0.8040, SL 0.7980. Look at the price. If it break down 0.7970, sell with target 0.7680.

UJ:
It is said UJ doesn't respect TLs or channels as good as other pairs. Friday it respected 105.5 support very well. Upper resistance is 108.50 and 110.60.
Sell if break out down 105.5.

I should not blindly listen to any other people, even "highly respected" professional traders!

this week: +0.426%
5 weeks ending 5 September: +2.819%

Lost -3.0% because of blindly listening to my "tutor". Otherwise
this week: +3.426%
5 weeks ending 5 September: +5.819%

My buy limit of AU at 0.8170 with SL 0.8070 was a bad trade. If I look at the monthly chart, I should look previous H/L within only last ~6 years.

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