Trader Tom : Market Analysis FTSE 100, SP500, Currencies

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DEAR READERS, I CLEARLY HAVE SOME UNFINISHED BUSINESS WITH THE IT SIDE OF TRADER TOM. I HOPE TO BE UP AND RUNNING ON MONDAY MORNING.

TOM

FTSE looks set to test highs from yesterday at 4056..

19th February 2009 - 06:50am

Good morning,

I got stopped out of my GBP/USD position. I am still in my GBP/EUR position. The sheet is updated.

Analysis coming by 8am

Tom H

18th February 2009 - 08:32am

Good morning,

I am unfortunately at the mercy of my internet connection, which seem to have been temperamental over the last 48 hours. It should be sorted by now.

I am short the Sterling Dollar at 1.4280.

Stop is at 1.4325

Target is $1.32.

I intend to add to this trade many times. As you can see from the chart, we are sat at the neckline.

This is an identical pattern to the H&S pattern you see in the middle of the picture.

I will add my open orders on the trade sheet below.

I am short Sterling Euro at 1.1270

Sterling Euro is losing momentum. I am short at 1.1270.

The pair is showing a wedge at the right shoulder, and momentum is slowing.

Risk is up to 1.1350, where stop is.

A shoulder break could open the door to an 600 point move.

I am still convinced about parity in Sterling Euro.

Open Swing Trades & Closed Swing Trades & Open Orders

Open Trades
Instrument	Direction	Time	Date	Entry Price	Stop	Exit	Result


Open Orders
Instrument	Direction	Price	Stop	Target
GBP USD	SHORT	1.4025	1.4150	-

Closed Trades
Instrument	Direction	Time	Date	Entry Price	Stop	Exit	Result
GBP USD	SHORT	07:25	18/02-09	$ 1.4280	$ 1.4250	1.4250	+ 30 points
GBP USD	SHORT	11.32	18/02-09	$ 1.4228	$ 1.4250	1.4250	(22 points)
GBP EUR	SHORT	12:10	18/02-09	1.1270	1.1350	1.1350	(80 points)


						Total: minus 72 points

OPEN & CLOSED SWING POSITIONS
Instrument	Type	Date	Entry Price	Stop	Current	Status	Result
DAX March	LONG	26 Jan 09 - 09:00	4162	4390		CLOSED	+411 points
GBP EUR	LONG	26 Jan 09 - 08:15	1.0595	1.0560		CLOSED	+970 points
GBP EUR	SHORT	6th Feb 09 - 08:37	1.1525	1.1505		CLOSED	+20 points
DAX	SHORT	6th Feb 09 - 13:52	4596	4629		CLOSED	minus 33
GBP EUR	SHORT	10/02/09 - filled order	1.1524	1.1029		CLOSED	+ 495 points
DAX	SHORT	10/02/09 - filled order	4625	4529		CLOSED	+ 96 points
						TOTAL	1959 points
NOTES displayed in archive section

Kind regards and happy trading

Tom Hougaard