3-18-07
GBPUSD
There was one trade in the GBPUSD on Friday. I bought the pullback to 1.9420 and sold at 1.9430 when the GBPUSD retraced from 1.9435. The conditions for entry for the short trade at 1.9500 prevented my taking the short trade since the GBPUSD only traded as high as 1.9500 before retracing instead of 1.9510. I will buy the first pullback to 1.9379 with a first target of 1.9420. Move your stop to entry after the first target is reached.
3-18-07
EURUSD
There were no trades in the EURUSD on Friday. I will buy the first pullback to 1.3290. The first target is 1.3350. Move your stop to entry after the first target is reached.
3-18-07
USDCHF
The long trade at 1.2045 was stopped out for a 10 pip loss after entry on Friday. The USDCHF traded as low as 1.2027 before finally reversing
to close at 1.2057. I will buy the first pullback to 1.2044. My first target will be 1.2111. Move the stop loss to entry if the first target is reached.
3-18-07
USDJPY
There were no trades in the USDJPY on Friday. I will go long at 1.1630 with a first target of 1.1700. Move the stop loss to entry if the first target is reached.
3-16-07
USDJPY
No trades in USDJPY yesterday. Both the USDCHF and USDJPY are in daily areas of demand and can turn suddenly. I will go long at 1.1630 with a 10 pip stop loss and a first target of 1.1700.
3-16-07
USDCHF
No trades in the USDCHF yesterday. The USDCHF is in a daily area of demand and can turn suddenly. I will buy 1.2045 with a buy stop and a 10 pip stop loss. My first target will be 1.2087. Move the stop loss to entry if the first target is reached and trail the stop by 15 pips after entry on the first contract.
3-16-07
GBPUSD
The short trade in the GBPUSD was stopped out at 1.9365 yesterday on the balance of the position. The low after entry was 1.9314. I will buy the first pullback to 1.9420 for today. I will short 1.9500 if the GBPUSD touches it and reverses with a sell stop at 1.9498 once the GBPUSD trades above 1.9510.
3-16-07
EURUSD
No trades in the EURUSD yesterday. I will go long at 1.3245 on a pullback.
3-15-07
EURUSD
The long trade from the 1.3115 entry was stopped out at 1.3179. I will trade the 1.3125 to 1.3265 range for today.
3-15-07
USDJPY
The USDJPY reached 1.1673 early yesterday morning and then sold down to 1.1601. I did not short 1.1680 later in the day. I plan on shorting 1.1800.
3-14-07
EURUSD
If you are still long from the 1.3115 entry, move your stop loss to 1.3179.
3-14-07
GBPUSD
The long trade in the GBPUSD at 1.9280 was partially exited at the first target of 1.9320 and stopped out at even on the rest of the position. The currencies are all selling off and areas of demand are acting as speed bumps. I will short 1.9382 for my next trade.
3-14-07
USDJPY
The long entry at the daily area of demand at 1.1660 produced a bounce up to 1.1717 before the selling resumed. I will short the 1.1680 area for my next trade.
3-14-07
USDCHF
The long entry at the daily area of demand at 1.2233 was stopped out for a 10 pip loss. The currencies are being sold off along with most other assets, and areas of demand are acting as speed bumps. I will short 1.2245 for my next trade.
3-13-07
GBPUSD
The long trade in the GBPUSD from the 1.9231 entry was closed yesterday at 1.9326. The GBPUSD sold off when it reached the 1.9430 area of supply. For today, I will trade the 1.9280 demand area for a long entry with a first target of 1.9320. The second target will be 1.9350.
3-13-07
EURUSD
There was a long entry in the EURUSD at 1.3115 on Monday morning. The first target was reached at 1.3150. The short trade entry at 1.3150 was not entered on Sunday since the high on Sunday was only 1.3141 before the sell off to the 1.3110 area. If you are still long from the 1.3115 entry, move your stop to 1.3155.
3-13-07
USDJPY
There was a long entry in the USDJPY at 1.1800 on Sunday afternoon that was closed at 1.1838 with a trailing stop. The USDJPY has sold down to the 1.1700 area this morning. The range I will trade is the daily range which is 1.1660 for a long and 1.1800 for a short.
3-13-07
USDCHF
The long trade from 1.2167 was closed at 1.2324 on Monday. The USDCHF has sold off to the 1.2240 area. I will trade the daily range which is 1.2233 for a long entry and 1.2320 for a short.
3-11-07
USDCHF
If you are still long from 1.2167, move the stop loss to 1.2324. The USDCHF has entered a weekly area of supply.
3-11-07
USDJPY
A short trade was entered in the USDJPY on Friday at 1.1800 and was stopped out for a 10 pip loss. No long entry at 1.1677 since the low for the day was 1.1716. The USDJPY traded in a range between 1.1800 and 1.1830 for most of the afternoon on Friday. I will trade the 1.1800 to 1.1926 range for early next week.
3-11-07
GBPUSD
If you are still long from the 1.9231 entry, your stop loss should still be 1.9271. Move the stop loss to 1.9326 when or if the GBPUSD closes above 1.9350. The range on the GBPUSD has been very small for the last 4 days.
3-11-07
EURUSD
There was a long entry at 1.3100 on Friday morning that was stopped out at entry. The EURUSD never reached 1.3212 for a short entry.
The areas of supply and demand are close together. For Sunday, I plan to short the 1.3150 area and cover at 1.3115 if the EURUSD rallies above 1.3120 and a 60 minute candle closes above 1.3125. I will go long at 1.3115 with a first target of 1.3150.
