Cable, Euro-Dollar, Dollar-Yen and Euro-Yen

I'm looking at these 4 currency pairs at the moment. I only concentrate on the intraday charts for my trading (5 min and Hourly charts) but the daily charts are heading towards a 200day moving average, which should provide some strong resistance for Cable and Euro-Dollar, and the Dollar-Yen 50ma has crossed over the 200ma which could sign a continuation of the downtrend.
Could be an interesting week ahead

The future's so bright

I gotta wear shades.
Well, I haven't updated this for a while. Mainly because I've been concentrating on the charts during the day.
I'm not concentrating on daily up and down trends at the moment. I'm now monitoring 5 currencies on an intraday basis. The largest time frame I use is the hourly chart, then there's the 10 min and the 5 min depending on which currency pair I'm looking at.
Sterling (pound against the US Dollar), Euro/Dollar, Dollar/Yen, Euro/Yen, and Aus/Dollar.
Each market has a different character, and slightly different technique to entering trades, but generally speaking I've found an Edge that works.
Anyway, there's movement as I type so must shoot off now, but all is well...

cable . . .erm. .. .

Well, looks like I'm better at intraday trading than short term trading. It wouldn't have stopped me out yet, but it's looking quite likely. Might have to re-think the recent "we're on a downtrend" thing. Cable bounced off the daily 20ma and is still on it's way up. OOps. Daily chart is looking quite bullish now... hum di dum...maybe I should get a job writing horrorscopes for "The Sun" instead....
Or maybe I could be health secretary, get paid loads of cash from a private American firm towards the election, promise not to restructure the NHS and then a couple of months into power completely restructure and ruin public sector workers lives... mmm. ... na, rather be a day trader.

Daily cable chart

Looks like this is the start of the weekly continuation downwards. Time for short term traders to sell and hold for a few days - my stop loss would be around 1.5260, just above the last high.

4 hour charts - cable

What have I missed?

Well, it looks like we're now on a new down-trend. The weekly chart, daily chart, 4 hour chart and intra-day charts are all looking down at the moment - I certainly wouldn't be buying Sterling right now anyway....

Few days break

Well, I'm having a few days break from trading as my in-laws are coming this weekend. Back on Monday...

Independence day? Where's Will Smith?

Looks like today is going to be a slow jittery one much like Friday was. I'm going to watch carefully before entering any trades this morning.

Somethings been bothering me. The new Tory Government look like they're gonna change the law, rip up public sector terms and conditions, and deny people that have been working their arses off for a good cause from having their contractual pension.

What I wanna know is, if they're going to do that, then when are they gonna rip up the terms and conditions of the bankers who still get ridiculous bonuses even after ripping off the whole country?

Oh, hello Tory government, I'm SO glad you're back in power again. (Feel the sarcasm)

FTSE DEATH CROSS - AAHHHHH

Who said chartists are all full of pooh?
AHHHHHH AHHHHHH AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

From great day to evil day in one foul swoop

What an abysmal day for day trading! It's just like someone sneezed. Oh well, next week...

1st July - let's hope July carries on like this

This was more like it. A bit of movement - I feel like I haven't seen this for a bit.
The 5 min, 50 point pivots chart was the one to use yesterday. It changed it's daily mood again to a different time frame, but at least the market was moving decisively for most of the day.
3 min price bounced nicely off the 20MA most of the day, and the daily chart is now using 20MA as support too.