@hisah u just the man, infact I was logging in to update you on EURGBP, I'm long looking to lake in atleast 70pips, wow I like the fundamental analysis u bring 2 the forum, CUDOS!!!!!

So you trade Stock indices..Hmmmm...How did you get into this? Are you using a prop trading firm? Let me in bro.

@merchant, Hisah is just in a world of his own, those updates are just off the hook, wht's ur take maybe we shld see n hear more of him.

Some opportunity with GBPAUD long setup. If it can breakout of that downtrend line (30 day - 1hr timeframe) that will confirm bullish reversal - this is a weekly setup (1 - 2 weeks). A strong break of 1.64 is required. Tuesday 0330GMT we have the RBA rate decision. Most analysts expect a rate hike of 25bps (from 4.50% to 4.75%). Even if they're right I expect the Aussie to be sold into any rallies since we have to many bulls and the aussie has been toppy since last Wednesday. If AUDCAD gets back to 0.9980 levels, I'll add more shorts. As for the AUDNZD short, this one is crawling, but I'll keep it with a breakeven stop (1.3090) in case it fails. EURCAD is working fine - I'll let it run for another day.

@fxtech - I hope you got out of EURGBP, this one is topped out on the daily, which points to GBP strength for a day or two. The large bearish down candle formed today confirms euro losses and note that EURGBP daily RSI is still overbought! Down target 0.8560.

http://web6.twitpic.com/...397.4caa2b38-scaled.jpg - GBPAUD trend

DAX and FTSE shorts are also working fine. I like big reversals (bullish or bearish) on Mondays since they dictate the week's direction. Wednesdays are usually strong weekly trend movers. I expect more global stock losses this week.

Took a small Nasdaq short @ 1988 for an open objective - no targets yet - stoploss at 2025 (daily double top - been stuck at this top since Sept 22nd).Intraday it has already filled one of the gaps at 1960 which leaves 6 more gaps below to go. So far a very bearish daily candle has formed. More losses for the week with the MACD histogram rolling over with the overbought stochastics following suit. The Dow and S&P too can be shorted, but I prefer the Nasdaq since it is the weakest as per the many gaps up.

http://stockcharts.com/h-sc/ui?s=%24NDX - Nasdaq index daily chart

For this week, I'll concentrate on the GBPAUD and USDCHF - both contra plays. For GBPAUD, I've put a buy order at 1.6280, just in case it spikes down through 1.6300 during the rate announcement overnight. Stop at today's open - 1.6275 (15pips of risk), but the potential for upside is roughly 200pips subject to 1.64 is broken. As for USDCHF, if it can touch below 0.9700 on impulse (quick selloff), that should hint a bottom if a reversal ensues and closes the day higher. This is when the euro losses will beginning in earnest.

All the best in your trading.