3-2-07
USDJPY
A long trade at 1.1790 was entered and stopped out at even yesterday morning when the USDJPY rallied to 1.1810 and reversed. The USDJPY sold off to the 1.1700 area and has reversed to the 1.1750 area this morning. I will trade the weekly range which is 1.1635 for a long trade. I will short the first pullback to 1.1820. It has been an amazing move down for the USDJPY which I would have been in from 1.2160 had I traded last Friday. Have a good weekend.
3-2-07
USDCHF
There was no trade in USDCHF yesterday. The 1.2135 demand area for a long trade was not reached. The USDCHF has rallied past 1.2240 this morning, so I will trade a small range today. Go long on the first pullback to 1.2240, and reverse to a short at 1.2286.
3-2-07
GBPUSD
The GBPUSD never reached the 1.9686 area for a short trade yesterday. It reached the 1.9545 area for a long trade early this morning and a long trade was taken and closed at 1.9564 which was an area of supply that formed during the 2 day sell off. I will trade the 1.9503 area for a long and take a partial profit at the 1.9540 area. Move the stop loss to entry after the first target.
3-2-07
EURUSD
The long trade from 1.3080 was closed yesterday at 1.3217 when the trailing stop was hit. The range I will trade for today is 1.3132 for a long and 1.3220 for a short.
3-1-07
EURUSD
The long trade from 1.3080 is still open. Move the stop loss to 1.3217 if the EURUSD rallies past 1.3230.
3-1-07
GBPUSD
The short trade at 1.9636 was entered early yesterday morning and closed at 1.9575. The range I will trade for today is 1.9545 for a long and 1.9686 for a short.
3-1-07
USDJPY
There was no trade entered in the USDJPY yesterday. I will trade the same 1.1790 to 1.2036 range for today.
3-1-07
USDCHF
The USDCHF pullback to 1.2191 long trade was stopped out for a 10 pip loss yesterday afternoon. The USDCHF sold off to a low of 1.2170. This morning, the USDCHF is trying to rally past 1.2200. I will trade the 1.2135 to 1.2280 range from the 240 chart for today.
2-28-07
USDJPY
There was a long entry yesterday at 1.1900 in the USDJPY that rallied up to 1.1917 before reversing and stopping out at entry. The USDJPY sold off to a low of 1.1746 and has reversed this morning to a high of 1.1869. The range I will trade for the USDJPY is 1.1790 for a long and 1.2036 for a short which is the range on the 240 minute chart.
2-28-07
USDCHF
The long trade at 1.2219 was stopped out for a 10 pip loss yesterday morning. The USDCHF fell to a low of 1.2142 and has rallied back to 1.2240 this morning. If it can rally past the area of supply at 1.2240, it will have a larger area of supply to absorb starting at 1.2286. I plan on shorting the 1.2286 area and covering at 1.2191. Buy the first pullback to 1.2391 if that happens first.
GBPUSD
The long entry at 1.9588 yesterday was not entered because the daily low was 1.9592. The short trade at 1.9686 was not entered because the daily high was 1.9666. The range I will trade for today is 1.9500 for a long trade and 1.9636 for a short trade.
2-28-07
EURUSD
The EURUSD rallied to a high of 1.3257 yesterday and has sold off to a low of 1.3179 this morning. If you are still long from the 1.3080 entry, your stop should be at 1.3159. Let the market take you out of the trade.
2-27-07
EURUSD
If you are still long from the 1.3080 entry, move the stop loss to 1.3110. If the EURUSD rallies past 1.3180, move the stop loss to 1.3159.
2-27-07
GBPUSD
The short trade from 1.9642 was exited at the entry price on Sunday. The range I will trade for today is 1.9588 for a long and 1.9686 for a short.
2-27-07
USDJPY
I am really upset I did not enter the short trade at 1.2160 in the USDJPY on Friday. The weekly area for a long trade is 1.1900. This is the second time back to 1.1900, so enter with a buy stop once the USDJPY trades below 1.1900 and reverses higher. The target is 1.2040 to reverse to a short.
2-27-07
USDCHF
As I said on Sunday, I will trade the weekly range which is 1.2219 long and 1.2475 short this week.
2-25-07
EURUSD
If you are still long from the 1.3080 entry, move the stop loss to 1.3110. If the EURUSD rallies past 1.3180, move the stop loss to 1.3159.
2-25-07
GBPUSD
The long entry at 1.9554 for GBPUSD was entered on Friday morning and the short entry at 1.9642 was entered on Friday afternoon. The short trade is still open. The first target for the short trade is 1.9520 to take a partial profit and move the stop loss to entry. The second target is 1.9600 to exit and go flat.
2-25-07
USDCHF
The long trade on Friday morning at 1.2369 in the USDCHF was stopped out for a 10 pip loss. The short trade at 1.2420 was not entered. I will trade the weekly range which is 1.2219 long and 1.2475 short next week.
2-25-07
USDJPY
The short trade at 1.2160 was not entered on Friday. If the USDJPY rallies up to 1.2142, take the short trade with a first target of 1.2100 and a second target of 1.2083. Move the stop loss to entry after the first target is reached.
