Hello again, where the hell have I been?

Hello, remember me? For the two followers I think we had last May, I would like to apologise for disappearing without an explanation. I hope you took the last Tony(GBPCHF) trade I described, as I seem to remember that it did come in. By way of an explanation of my absence, I had to stop blogging for the remainder of that summer as my job as a Career Manager in the Royal Navy was reaching a crescendo and I realised that I didn't have the time to trade properly, let alone blog properly. I therefore pretty much stopped trading until Oct 09 and have only really just got back into the swing. My trading since Oct 09 has been pretty good, and I have been pretty happy with my analysis. I am therefore willing to share my thoughts with anyone who is out there and I will attempt to record all my trades.

So, without further ado, I am very interested in going short on Tony (GBPCHF) who is hanging over the abyss. Having marched stoically for four consecutive weeks, he reached strong resisitance at 1.712, a former rejection area. The pair has been volatile ever since and has now pulled back to the 1Hr 800 Simple Moving Average and I believe it is really to blow below 1.6681, and I will sell it when it closes below that level on the 1 hr chart.

As you can see on the 4 Hr chart, it is hanging over an abyss and I would like to trade it down to the low at 1.6316

I am also currently short on Yippon (GBP JPY) and Cable (GBPUSD), who are again standing over a huge chasm. Yippon in particular has broken a BIG support level at 1.3984, which is now acting as resistance. .

I am aware that I am exposed to the GBP at present, but the Tony trade looks so good to me and the Yippon and Cable trades are now nicely established, so I am willing to go for it.

YIPPON

CABLE