EURUSD 2-23-07
2-23-07
EURUSD
If you are long from the 1.3080 entry, move the stop loss to 1.3099.
Friday, February 23, 2007
GBPUSD 2-23-07
2-23-07
GBPUSD
No entry yesterday in the GBPUSD. Buy the first pullback to 1.9554 and short 1.9642. Use buy stops and sell stops to enter both trades and 10 pip stop losses.
USDJPY 2-23-07
2-23-07
USDJPY
There was a pullback to 1.2104 early yesterday morning in the USDJPY. The long trade was entered and exited at the first and second targets. The USDJPY is in the weekly area of supply between 1.2160 and 1.2200. The sell off may not happen this week. I will trade short next week in the USDJPY.
USDCHF 2-23-07
2-23-07
USDCHF
The long entry at 1.2391 was stopped out for a 10 pip loss yesterday. I will trade the 1.2369 to 1.2420 range for today.
Thursday, February 22, 2007
USDJPY 2-22-07
2-22-07
USDJPY
The long trade from 1.1900 was closed at the target of 1.2100 and a short trade was entered and stopped out for a 10 pip loss yesterday. I will buy the first pullback to 1.2100 with a first target of 1.2235 and a second target of 1.2262.
USDCHF 2-22-07
2-22-07
USDCHF
The USDCHF reached a low of 1.2340 yesterday and a high of 1.2512 so no trades were entered. It has rallied past the 1.2517 area of supply. The range I will trade for today in the USDCHF is 1.2391 for a long and 1.2460 for a short.
GBPUSD 2-22-07
2-22-07
GBPUSD
The GBPUSD missed the entry at 1.9456 this morning for a long trade. I will buy the 1.9456 area long and short the 1.9650 area.
EURUSD 2-22-07
2-22-07
EURUSD
The long trade from 1.2967 was closed yesterday at 1.3119. Notice how the second time the EURUSD reaches the area of demand at 1.3097 in the screen shot below, it does not find any willing buyers. This is why I use buy stops whenever possible. I will trade the 1.3080 to 1.3124 range for today.
Wednesday, February 21, 2007
EURUSD 2-21-07
2-21-07
EURUSD
If you are still long from the 1.2967 entry, leave the stop loss at 1.3119. The next target to take a partial profit on the long trade is 1.3174.
GBPUSD 2-21-07
2-21-07
GBPUSD
The GBPUSD has passed the 1.9460 area of resistance this morning. It sold off yesterday from 1.9460 to a low of 1.9430. The range I will trade for today is 1.9456 for a long to 1.9611 for a short.
USDJPY 2-21-07
2-21-07
USDJPY
If you are still long from the 119.00 entry, trail your stop loss to 1.1995. Do not short 1.2071 since there is now an area of demand at 1.2040. The next target for a short trade is 1.2100 which is the top of the weekly range.
USDCHF 2-21-07
2-21-07
USDCHF
The range I will trade for today in the USDCHF is 1.2335 long and 1.2417 short.
Tuesday, February 20, 2007
GBPUSD 2-20-07
2-20-07
GBPUSD
The long trade from 1.9475 was closed at the second target of 1.9560. I will trade the 1.9456 to 1.9560 range.
USDJPY 2-20-07
2-20-07
USDJPY
The long trade from 1.1900 is still open and the second target of 1.1992 has been reached . Trail the stop loss to 1.1949. The next target is 1.2071 to reverse to a short.
Sunday, February 18, 2007
EURUSD 2-18-07
2-18-07
EURUSD
If you are still long from the 1.2967 entry, move the stop loss to 1.3119.
GBPUSD 2-18-07
2-18-07
GBPUSD
If you are long from the 1.9475 entry, move your stop loss to entry. The first target is 1.9525. Move the stop loss to 1.9499 on the rest of the position after the first target. The second target is 1.9560.
USDJPY 2-18-07
2-18-07
USDJPY
If you are long from 1.1900. move the stop loss to entry. The first target is 1.1951. Move the stop loss to 1.1920 once the first target is reached. The second target is 1.1992.
USDCHF 2-18-07
2-18-07
USDCHF
If you bought the first pullback to 1.2350 and sold at 1.2378 per the last email, you should be flat. The range I will trade is 1.2200 long up to 124.00 which is the weekly range.
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