USDCHF 1-26-07

1-26-07

USDCHF

If you are short at 1.2520 which was the top of the range from yesterday, cover the short.
If you are long from 1.2432, move the stop loss to 1.2475.

USDJPY 1-26-07

1-26-07

USDJPY

If you are long from 1.2026, move the stop loss to 1.2124.

GBPUSD 1-26-07

1-26-07

GBPUSD

The range I will trade for today is 1.9613 to 1.9682 for the GBPUSD.

EURUSD 1-26-07

1-26-07

EURUSD

The range I will trade for today is 1.2900 to 1.2971 for the EURUSD.

EURUSD 1-24-07

1-24-07

EURUSD

Just a quick note for today because I had a family event last night. The range I will trade for today is 1.3050 to 1.2943.

GBPUSD 1-24-07

1-24-07

GBPUSD

The range I will trade for today is 1.9700 to 1.9800.

USDCHF 1-24-07

1-24-07

USDCHF

The range I will trade for today is 1.2458 to 1.2500.

USDJPY 1-24-07

1-24-07

USDJPY

The range I will trade for today is 1.2093 to 1.2160.

USDJPY 1-23-07

1-23-07

USDJPY

The pullback long trade to 1.2125 was entered yesterday. The first target of 1.2150 has been reached. Trail the stop loss by 15 pips.

USDCHF 1-23-07

1-23-07

USDCHF

The USDCHF never quite reached the 1.2466 area for a long trade yesterday but it did get close enough to be considered a first time back to the area of demand. I will still buy the pullback to 1.2466 using a buy stop once the USDCHF trades below 1.2466 as long as it reverses higher before it trades down to the next area of demand at 1.2451. I will not buy the pullback to 1.2451 since it has been tested several times. The currencies are going to leave these tight ranges and I would like to avoid a long entry in the USDCHF in case the next move is lower. Use a 10 pip stop loss if there is a long entry. The first target is 1.2500. Trail the stop loss by 15 pips once the first target is reached.

GBPUSD 1-23-07`

1-23-07

GBPUSD

The GBPUSD broke out above 1.9760 yesterday, and a pullback to 1.9760 long trade was entered. The first target of 1.9800 has not been reached. I will trail the stop loss by 20 pips once the first target is reached.

EURUSD 1-23-07

1-23-07

EURUSD

The pullback trade above 1.2970 in the EURUSD never happened because the EURUSD traded up to 1.2970 and then sold off. It has just broken out above 1.2942. I will buy the first pullback to 1.2942 if this 60 minute candle closes above 1.2942. The first target is 1.2965 and the second target is 1.2982. The currencies are trading in tight ranges, so trail the stop loss close after the first target on all trades.

USDCHF 1-22-07

1-22-07

USDCHF

The range bottom long trade at 1.2450 was entered early on Friday morning. The high after entry was 1.2530. There is a breakout area of support at 1.2466 to buy on a pullback this morning. The first target is 1.2496 and the second target is 1.2520.

USDJPY 1-22-07

1-22-07

USDJPY

The USDJPY is setting up for a breakout trade above 1.2125. I will buy the first pullback to 1.2125 with a first target of 1.2150 and a second target of 1.2180.

GBPUSD 1-22-07

1-22-07

GBPUSD

The GBPUSD pullback long trade to 1.9720 on Friday was a 10 pip loser on a spike down to the day's low of 1.9688. The GBPUSD then rallied to a high of 1.9760 and closed at 1.9744. There is resistance at 1.9747 and 1.9770 and no real support until the daily area at 1.9644. I will pass on trading the GBPUSD until it breaks out past 1.9760. If that happens, I will buy a pullback to 1.9760 with a first target of 1.9800 and a second target of 1.9840.

EURUSD 1-22-07

1-22-07

EURUSD

The EURUSD looks like it is setting up for a breakout trade above 1.2970. There is resistance at 1.2982 and 1.2995. If it does breakout past 1.2970, buy the first pullback to 1.2970. The first target is 1.2995 and the second target is 1.3020.