USDJPY 2-4-07

2-4-07

USDJPY

The long trade from 1.2008 is still open. Trail the stop loss to 1.2076. The new target is 1.2175.

USDCHF 2-4-07

2-4-07

USDCHF

The USDCHF breakout trade never happened early Friday morning because there were no candle closes above 1.2940 indicating a breakout area
had formed. The USDCHF found support at the 1.2376 breakout area and rallied to a high of 1.2490. If the USDCHF rallies past 1.2500, pass on the 1.2520 short trade since the areas of buyers and sellers are less than a 3 to 1 risk to reward for the trade. I will trade the 1.2460 to 1.2550 range
for next week instead.

GBPUSD 2-4-07

2-4-07

GBPUSD

The GBPUSD long trade was exited at 1.9671 on Friday. The range for early next week I plan to trade is 1.9620 to 1.9750.

EURUSD 2-4-07

2-4-07

EURUSD

The long trade from the 1.2923 entry was closed at 1.2991 on Friday. The 1.3050 area was resistance and should have been a reverse to a short trade. This 1.2957 area is acting as support. I will trade the 1.2923 to 1.3015 range early next week.

GBPUSD 2-2-07

2-2-07

GBPUSD

If you are still long from the 1.9500 entry, trail your stop to 1.9618. If the GBPUSD rallies past 1.9700, trail your stop to 1.9671.

EURUSD 2-2-07

2-2-07

EURUSD

If you are still long from the 1.2923 entry, trail your stop to 1.2991. The 1.2956 area should be support on a sell off and the 1.3050 area is resistance.

USDJPY 2-2-07

2-2-07

USDJPY

If you entered a long trade yesterday near 1.2000, trail your stop to 1.2027. The target is 1.2152. If the USDJPY rallies past 1.2080, move the stop up to 1.2060.

USDCHF 2-2-07

2-2-07

USDCHF

The USDCHF is setting up for a breakout trade this morning at 1.2440. It has resistance at 1.2457. If it breaks out and then retraces to 1.2440 with a new 60 minute candle, go long at 1.2440 with a target of 1.2518 to reverse to a short.

EURUSD 2-1-07

2-1-07

EURUSD

If you are long from 1.2923 from yesterday, trail your stop to 1.2991.

GBPUSD 2-1-07

2-1-07

GBPUSD

If you are long from 1.9500, trail your stop to 1.9599.

USDCHF 2-1-07

2-1-07

USDCHF

The long trade from Monday was exited at 1.2525 yesterday. This 1.2428 area is support, but the next trade I will take is a short at 1.2516.

USDJPY 2-1-07

2-1-07

USDJPY

The 1.2000 - 1.2020 area is a weekly low for the last 3 weeks for the USDJPY. I will trade long near 1.2000 and short near 1.2150.

GBPUSD 1-31-07

1-31-07

GBPUSD

The GBPUSD never closed above 1.9640 for a long yesterday. The next area of demand is 1.9500.

EURUSD 1-31-07

1-31-07

EURUSD

I am still interested in a long at 1.2923 on the EURUSD.

USDJPY 1-31-07

1-31-07

USDJPY

The long trade was closed at 1.2133 this morning on the USDJPY. I would buy a pullback to 1.2100.

USDCHF 1-31-07

1-31-07

USDCHF

If you bought the pullback to 1.2502 yesterday, trail your stop to 1.2525.

GBPUSD 1-30-07

1-30-07

GBPUSD

This morning, the GBPUSD is trading between 1.9640 and 1.9680. If the 60 minute candle closes above 1.9640, buy the first pullback to 1.9640.

EURUSD 1-30-07

1-30-07

EURUSD

Pass on the short trade at 1.2971 since the EURUSD has been basing just below 1.2971 since yesterday afternoon. Once the supply is absorbed, the EURUSD should rally up to the area of supply near 1.3016 and then trade in a range between 1.2968 and 1.3016 for the rest of the day.If the EURUSD declines instead, buy the pullback to 1.2923.

USDJPY 1-30-07

1-30-07

USDJPY

The USDJPY is trading in a range between 1.2150 and 1.2200. If you are still long, leave the stop loss at 1.2133.

USDCHF 1-30-07

1-30-07

USDCHF

The USDCHF is trading in the range between 1.2515 and 1.2545 so far today. It is a buy at 1.2502 and a short at 1.2600.

USDJPY 1-29-07

1-29-07

USDJPY

The USDJPY has broken out of the range. The range I will trade for the USDJPY is 1.2150 to 1.2280. If you are long from last weeks entry at 1.2026, move the stop loss to 1.2133.

USDCHF 1-29-07

1-29-07

USDCHF

The USDCHF has broken out of the range, and 1.2500 to 1.2600 should be the range for the next week. If you are still long from last week's entry at 1.2432, move the stop loss to 1.2495.

GBPUSD 1-29-07

1-29-07

GBPUSD

The GBPUSD is sitting on weekly support for the third week in a row. It could extend the range down to 1.9488 some time this week. I will trade the 1.9488 to 1.9640 range if that happens.

EURUSD 1-29-07

1-29-07

EURUSD

The EURUSD is sitting above weekly support at 1.2850 for the fourth week in a row. I will trade long if the EURUSD extends the range down to 1.2850. The range I will trade is 1.2850 to 1.2970. I will short 1.2970 the first time back to that price level.