Gbp/Jpy Engulfing Pattern Daily Chart

The Gbp/Jpy pair had made a brake of the 200sma and 50sma daily SurpriseBox. The brake was with a engulfing pattern that encased 12 candles, including a hammer that touched the 200sma. Target will be 139.50 and stop below 134.00. Prefered entry may be on a recoil close to the 136.00 area but I entered already.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Gbp/Aud Short Position Hit Target

The Gbp/Aud weekly chart short position hit the target 1.5250.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Gbp/Aud Short Position Status

The Gbp/Aud weekly chart short position is slowly going toward the target of about 1.5250. New stop approximately 1.5800, the top of the previously mentioned recoil (recent high).

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Cad Engulfing Pattern Complete

The Eur/Cad pair had made a brake of the 100sma daily SurpriseBox. Reached its target last week as posted in twitter. Now has retraced.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Cad Engulfing Pattern Complete

The Eur/Cad pair had made a brake of the 100sma daily SurpriseBox. Reached its target last week as posted in twitter. Now has retraced.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Eur/Cad Engulfing Pattern

The Eur/Cad pair had made a brake of the 100sma daily SurpriseBox. The brake was with a engulfing pattern that encased 9 candles, including a hammer that touched the 100sma. Target will be 1.3950 and stop below 1.3700. Prefered entry may be on a recoil close to the 1.3800 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Usd/Chf Neck brake of Head and Shoulders

The Usd/Chf pair had made a brake of the 200sma and 100sma four and eight hours SurpriseBox. This movement is similar to a head and shoulders formation brake of the neck.Have a small position in it, if recoils to the 0.9100 area will add to the position. Target will be the 0.9000 area, stop will be at the 0.9200 area.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Recoil Materialized

The expected recoil had occured in the Gbp/Aud pair. This may provide at the end of the week as a more reasonable stop for a short position (prior stop was over 1,000 pip away and provided a not so good profit to potential earn ratio). This recent high, in a shorter term chart, is being used at present for the stop in my short position.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com

Last Week Potential Trades

Last week had several potential trades but the benefit-risk ratio was not right for me. I did not trade significantly last week. Amoung the potential trades were:

1. The mentioned Eur/Sek 8h chart bullish position reached recent high as predicted by Elliot Wave. Did not trade this as this method is not my expertise and the benefit loss ratio was not right for me.
   
2. The Eur/Usd made a broke the 50sma box on the 4h chart on Mar-28-2011 about 8am est. It reached a recent high 1.4240 from 1.41. Stop would be around 1.4010. This pair was traded on a small scale.

3. Of the mentioned weekly positions last week, the NZD/USD pair bullish took off to the upside, the GBP/AUD short merely moved. In this last pair, I was expecting a significant recoil to place a trade but this never materialized. Need about a 50:50 win to loose ratio to enter a trade. Observing it this week.

Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By Andres Britt-Larregui, SurpriseTrade@gmail.com