G7 OUTLOOK FOR THE WEEK 21-26 MAY

SYSTEM	CURENCIES	DAILY		WEEKLY
TREND +(-)7		TREND	WAVE	TREND	WAVE
WAVE +(-)5
1,278	EURUSD	↓	↓	↓	↓
		-7	-5	-7	-5
100,98	EURJPY	↓	↓	↓	↓
		-7	-5	-5	-5
1,2983	EURAUD	↑	↑	↓	↑
		7	4	-3	5
1,2012	EURCHF	↓	↓	↓	↓
		-7	-3	-3	-5
0,9397	USDCHF	↑	↑	↑	↑
		7	5	5	5
1,5817	GBPUSD	↓	↓	↓	↓
		-7	-5	-3	-3
79,02	USDJPY	↓	↓	↑	↓
		-5	-5	1	-5
0,9844	AUDUSD	↓	↓	↓	↓
		-7	-5	-5	-5

TRADE IDEA FOR THIS WEEK- LONG USDJPY @ 80- FAILED

USDJPY has been doing a correction in the recent days. However seems that the sellers are getting exausted and  i believe that makes a good level to re entry  a long position

Order: Long USDJPY @ 80 , S/L 78.00 and T/P  84/ GOT STOPPED AT 01/06/2012

G7 OUTLOOK FOR THE WEEK 14-20 MAY

SYSTEM	CURENCIES	DAILY		WEEKLY
TREND +(-)7	DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
WAVE +(-)5
1,2917	EURUSD	↓	↓	↓	↓
		-7	-5	-5	-3
103,26	EURJPY	↓	↓	↓	↓
		-7	-5	-3	-5
1,2892	EURAUD	↑	↑	↓	↑
		5	5	-3	5
1,2012	EURCHF	↓	↓	↓	↓
		-7	-3	-5	-5
0,9299	USDCHF	↑	↑	↑	↑
		7	5	1	1
1,6069	GBPUSD	↑	↓	↑	↑
		5	-5	7	5
79,93	USDJPY	↓	↓	↑	↑
		-3	-5	3	1
1,002	AUDUSD	↓	↓	↓	↓
		-7	-5	-5	-5

END OF APRIL P/L REPORT - [-122 PIPS]

End of April report  (sorry for the delay ) has been in the red (loss) . I have undertaken only one trade  which i got stopped out (-122pips). It has been a difficult month for trading due to eastern vacations and the low flows. The winner of the month was the GBPUSD due to rumours that the BOE would stop QE. 

Below are the details of the trade I took this month

1. Long EURJPY @ 106.22 , S/L 105.00 and T/P 114.00-->  Closed at 105(-122 pips loss)

I have also two open working positions

• Long entry EURCHF @ 1.21 - S/L 1.20 - T/P 1.35 --->  Still working
• Long entry USDJPY @ 79.64 - S/L 75.4 - T/P 90.0---> Still working

and one pending order which i will modify the entry level to 80 and the S/L at 78 valid from 13/05/2012

• Long entry USDJPY @ 80 - S/L 78  - T/P 83 ---> Still working