GPB/CHF position is around +60 pips now..i reduced my risk to 40 pips but do not add any lottage for now ,as the 4H bar still has not closed above the Resistance..

And probably i will not be back soon enuff to get my position open right after the close.

4H Chart (some stuff is faded out)

Okay , there was VERY convincing price action and so i entered GPB/CHF already but plan to add to this position when price breaks and closes above 2.0000.

Cya later

I went away and hooked an 125pips Trailing stop on the GBP/JPY Position..

It retraced exactly those 125 pips to the weekly resistance 1 ,before continuing its surge.Sometimes the Forex gods have lots of Fun with u ;)

The Position was closed for +117 Pips (could have been +250 by now).

Which brings the overall performance to -82 Pips.

No problem :D New opportunities await us soon.

USD/CAD reacted to the news as I thaught ,but i was hesitant to enter and if one is not sure what he is doing one stays  on the sidelines.

Wheat is negative for now but as i said this is a LONGTERM position.

Only pair i am watching for now is GPB/CHF which upwards surge was also impressive (but i was not @ my terminal while it happened), but if it climbs back above 2.0000 with an 4H Candle close i will jump on this train.

I included the 4H Picture in the 1 H Picture :D Hope that doesn`t confuse anybody *g*

Now i am preparing for Poker and a great meal @ the famous Bluespunkt ;)

Whatever you do ,do it good ;)

GPB/JPY : 100 Pips Locked in, Position+ 175 Pips in this moment!

Target changed to around 205.00

Wheat (Comex):

up 6$ forn now,closed half of position @ +2$ because i miscalculated Position size / if u find an error,correct it asap ! never wait for ur position even if ur allready in profit!

I am quite busy today so there will be no News Wrapup,but be sure to check out the Cryptogon because there are some worthy news items!

Hopefully i can post some items from time to time through the day!

BTW don’t be scared ..i revamped my charts a bit for (i hope) better readability..also  i use a script called “trade naked” which will hide some of my stuff for your convenience.

But did not use it for those charts ;)

Now to the positions:

Targets marked with Red Arrows

Wheat Futures (Comex) 

 Risk :Reward 1 :1  Planed to remain open for a few weeks to months.

GPB/JPY 

Risk:Reward 1: 1,25 Planed for 1day< 

News i am awaiting and watching before considering any new positions:

12:00 GMT Canadian Core CPI m/m

13:30 GMT US  Unemployment Claims

Review them @ the Forex Factory Calendar if u want to know more.

from Freemarketman Blog & Bullionvault’s Adrian Ash

YOU CAN, IF YOU WISH, link the historic surge in Gold Prices starting mid-August 2007 to many seemingly disparate things.