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 

G7 OUTLOOK FOR THE WEEK 22-28 APRIL

This week starts with no major economic data releases on Monday but as it continues it gets more interesting with FOMC release on wednesday and UK GDP.At the same time results from French election may affect the markets. 

EURUSD: The weekly is still in a sell mode but wave is fading . Daily in the other hand shows a strong wave which may lead the eurusd higher (at least in the beginning of the week)

EURJPY: The weekly indicates that the pair is getting ready to resume the strong uptrend

EURAUD: The weekly trend is still strong down  but  the weekly wave indictae  that we may see a reversal

EURCHF: Strong down (of course indicators are not very useful in this pair

USDCHF: Strong down

GBPUSD : This is the pair with clearest picture and strong uptrend signal. Probably is getting ready for  500pips trend rally


USDJPY: This pair is also ready to resume its strong uptrend

AUDUSD: The analysis in this pait give mixed results

CURENCIES	DAILY		WEEKLY
DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
EURUSD	↓	↑	↓	↓
	-3	5	-5	-1
EURJPY	↑	↓	↓	↑
	3	-1	-1	3
EURAUD	↑	↓	↓	↑
	3	-1	-5	3
EURCHF	↓	↓	↓	↓
	-5	-3	-5	-5
USDCHF	↑	↓	↓	↓
	1	-5	-1	-5
GBPUSD	↑	↑	↑	↑
	7	5	7	5
USDJPY	↑	↓	↑	↑
	1	-1	5	5
AUDUSD	↓	↑	↑	↓
	-3	1	1	-5

G7 OUTLOOK FOR THE WEEK 16-22 APRIL

CURENCIES	DAILY		WEEKLY
	TREND	WAVE	TREND	WAVE
EURUSD	↓	↓	↓	↓
	-7	-5	-5	-3
EURJPY	↓	↓	↓	↓
	-3	-5	-2	-1
EURAUD	↑	↓	↓	↑
	3	-5	-5	3
EURCHF	↓	↓	↓	↓
	-5	-5	-5	-5
USDCHF	↑	↑	↓	↓
	5	5	-1	-3
GBPUSD	↑	↓	↑	↑
	5	-3	1	5
USDJPY	↓	↓	↑	↑
	-1	-5	3	5
AUDUSD	↓	↑	↑	↓
	-5	1	1	-5

G7 OUTLOOK FOR THE WEEK 8-15 APRIL

CURENCIES	DAILY		WEEKLY
DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
EURUSD	↓	↓	↓	↓
	-7	-5	-5	-1
EURJPY	↑	↓	↑	↑
	3	-5	0	1
EURAUD	↑	↓	↓	↑
	5	-1	-5	3
EURCHF	↓	↓	↓	↓
	-5	-5	-5	-5
USDCHF	↑	↑	↑	↓
	1	5	1	-3
GBPUSD	↑	↓	↑	↑
	5	-1	1	5
USDJPY	↑	↓	↑	↑
	3	-5	3	5
AUDUSD	↓	↓	↑	↓
	-7	-5	1	-5