3-30-07
EURUSD
There was a long trade entered in the EURUSD yesterday at 1.3323. The stop loss has been moved to 1.3333 to lock in 10 pips. If the trade is stopped out, I will trade the 1.3310 to 1.3350 range for today. Use buy stops because none of the areas of support and resistance are fresh.
3-30-07
GBPUSD
There was a long trade entered in the GBPUSD yesterday at 1.9613. A partial profit was taken at 1.9643 and the stop was moved to entry on the rest of the position. If the long trade is stopped out, I will trade the 1.9600 to 1.9680 range for today. Use buy stops because none of the areas of support and resistance are fresh.
3-30-07
USDJPY
There were two trades in the USDJPY yesterday. The first was a long trade at 1.1726 that happened on a pullback ahead of the 1.1746 breakout. The trade was closed at 1.1773 and a short trade was entered. The short trade was closed with a 10 pip loss. In hindsight, the long trade should have been left open and a partial profit taken at 1.1773 since the breakout above 1.1746 made the range between support and resistance less than the 3 to 1 risk to reward necessary for a counter-trend short trade. I will trade the 1.1738 to 1.1850 range for today.
3-30-07
USDCHF
There was no trade yesterday in the USDCHF. The USDCHF traded in a small range between 1.2133 and 1.2185. I will trade the 1.2125 to 1.2242 range for today.
3-29-07
GBPUSD
The balance of the position from the long trade from Monday's entry at 1.9626 was closed out at 1.9636 with the trailing stop early yesterday. A new long trade was entered at 1.9600 yesterday morning and that trade was closed at 1.9635 with a 15 pip trailing stop. If the GBPUSD can rally above 1.9650 and close above 1.9650, I will trade the 1.9650 to 1.9681 range for today. If not, I will trade the 1.9613 to 1.9681 range for today.
3-29-07
EURUSD
The long trade in the EURUSD from Monday was closed yesterday at 1.3345 for a 10 pip gain with the trailing stop. For today, I will trade the 1.3323 to 1.3381 range.
3-29-07
USDCHF
There was an entry yesterday in the USDCHF at the 1.2095 price that was stopped out with a 10 pip loss. The low after entry was 1.2083. I will short 1.2211 for my next trade in the USDCHF.
3-29-07
USDJPY
There was a long trade entered in the USDJPY at 1.1680 that was stopped out for a 10 pip loss. The USDJPY spiked down to the area of demand at 1.1640 before reversing to a high so far today of 1.1755. There are two possible trades for today depending on where the USDJPY bases. The area of supply at 1.1773 is still a go for a short if the USDJPY does not breakout above 1.1740 first. The range between 1.1740 and 1.1773 will be to small for a counter-trend short trade if that happens. I will buy the pullback to 1.1726 and short 1.1773 if the pullback to 1.1726 happens ahead of the 1.1740 breakout.
3-28-07
GBPUSD
There was a long trade entered in the GBPUSD yesterday on the pullback to 1.9626. I have taken a partial profit and I have a stop loss at 1.9636 on the rest of the position that is close to being hit at 2:00 AM. If it is hit and the long trade is closed, I will go long again at 1.9600 with a buy stop and a first target of 1.9650. I will trail the stop loss on this trade by 15 pips to protect more of the profit.
3-28-07
EURUSD
There was a long trade entered in the EURUSD yesterday at 1.3335. The high reached since entry is 1.3369, so no partial profit has been taken yet. I have moved the stop loss to 1.3345 to lock in 10 pips on the trade. If the EURUSD can rally past 1.3362, move the stop loss to 1.3355.
3-28-07
USDJPY
There was no trade entered in the USDJPY yesterday. I plan to trade the 1.1680 to 1.1773 range for today.
3-28-07
USDCHF
There were no trades entered yesterday in the USDCHF. The USDCHF reached a high of 1.2157 yesterday morning which was 3 pips short of my short entry limit order. I am planning to buy the pullback to support in the USDCHF at 1.2095 for today with a first target of 1.2130.
3-27-07
GBPUSD
The GBPUSD long trade from Friday was stopped out at entry on Sunday. I will buy the first pullback to 1.9626 for my next trade.
3-27-07
EURUSD
There was no short trade in the EURUSD yesterday at 1.3314 and no long trade at 1.3245. I will buy the first pullback to 1.3333 today. I will sell part of the position at 1.3376 and trail the stop loss to 1.3349 once the first target is reached.
3-27-07
USDCHF
There was no trade in the USDCHF on Sunday or Monday. The USDCHF ran out of gas at 1.2225. I will trade the 1.2095 to 1.2160 range for today.
3-27-07
USDJPY
I apologize for a mistake in the last email. I meant to say I would trade the 1.1690 to 1.1800 range in my last email. There was a short trade entered in the USDJPY on Sunday at 1.1800 that was exited with a 10 pip trailing stop at 1.1790.
I plan to short 1.1928 for my next trade in the USDJPY.
3-25-07
GBPUSD
There was a long trade entered on Friday in the GBPUSD on the pullback to 1.9587. A partial profit was taken at 1.9632 and the stop loss was moved to entry on the rest of the position. If the GBPUSD rallies past 1.9625, move the stop loss on the rest of the position to 1.9602. The next target will be 1.9690.
3-25-07
EURUSD
There was a long trade entered on Friday at 1.3304 in the EURUSD that was sold at 1.3330 with a 10 pip trailing stop. I will buy the first pullback to 1.3245 and short the first pullback to 1.3314.
3-25-07
USDCHF
There was a long trade in the USDCHF on Thursday at the entry price of 1.2092. The trade was exited at the 1.2152 target. I plan to short 1.2240 for my next trade in the USDCHF.
3-25-07
USDJPY
There was a short trade that was entered on Thursday in the USDJPY at 1.1778. The trade was closed at 1.1768 with a 10 pip trailing stop. I will trade the 1.1790 to 1.1800 range for the early part of next week.
