4-13-07
USDCHF
There was a long trade entered in the USDCHF yesterday at 1.2177 that was stopped out with a 10 pip loss. The 1.2200 area of resistance held and sent the USDCHF to a low of 1.2132. I will pass on trading the USDCHF until it reaches the 1.2085 area so that there is a decent range to trade between 1.2085 and 1.2160.
4-13-07
USDJPY
There was no trades yesterday in the USDJPY. The USDJPY broke down yesterday out of the 1.1925 to 1.1950 range. I will trade the 1.1800 to 1.1900 range for today.
4-13-07
GBPUSD
There were no trades yesterday in the GBPUSD. The GBPUSD has pushed up to the 1.9820 resistance and is basing to go past it. I will buy the first pullback to 1.9826 if the GBPUSD rallies past this area. The target is 1.9900.
4-13-07
EURUSD
There was a short trade entered yesterday at 1.3500 yesterday that was closed at 1.3480 with a 10 pip trailing stop. The long entry at 1.3432 was never reached. The EURUSD is extending the range already today. If it pulls back to 1.3494, I will go long. If it rallies past 1.3515 and pulls back to that area, I will go long there. The target is 1.3580.
4-12-07
EURUSD
The long trade in the EURUSD from the 1.3339 entry was closed at 1.3407. I will trade the 1.3432 to 1.3500 range for today.
4-12-07
GBPUSD
There was a long trade entered in the GBPUSD on the first pullback to 1.9466 that was closed at 1.9476. The GBPUSD rallied up to 1.9484 and then retreated to a low of 1.9722. I will trade the 1.9720 to 1.9820 range for today.
4-12-07
USDJPY
There was a long trade entered in the USDJPY yesterday on the first pullback to 1.1920 that was closed at 1.1930. The USDJPY traded up to 1.1940 after entry and then pulled back to 1.1920 and is now trading in a range between 1.1920 and 1.1950. I will pass on the USDJPY for today because I prefer a bigger range.
4-12-07
USDCHF
There was no trade in the USDCHF yesterday. The range I plan to trade for today is 1.2177 to 1.2261.
4-11-07
USDCHF
There was a long trade entered in the USDCHF yesterday at 1.2166 that was stopped out with a 10 pip loss. The USDCHF sold off to a low of 1.2142. There is an area of demand at 1.2165 now with an area of supply at 1.2201, so I will pass on trading the USDCHF until the range opens a little.
4-11-07
USDJPY
The long trade from 1.1880 was partially exited at 1.1920 and then closed yesterday at 1.1893. The 1.1920 area of supply is proving to be a problem for the USDJPY. I will pass on trading the USDJPY until it pulls back to 1.1836, or rallies past 1.1920 and pulls back to that demand level.
4-11-07
EURUSD
If you are still long from the 1.3339 entry, move the stop loss to 1.3407.
4-11-07
GBPUSD
There was a long trade entered yesterday morning in the GBPUSD at 1.9695. The trade was closed at the target price of 1.9749. I will buy a pullback to 1.9766 for my next GBPUSD long trade.
4-10-07
USDJPY
There were two trades in the USDJPY since Sunday. The first trade was the short trade that was open from Sunday that was closed at 1.1938 with a 10 pip stop loss. The highest price that the USDJPY traded at since Sunday was 1.1938 before the USDJPY sold off to the 1.1900 first target and the 1.1886 area where the trade was to be closed. It happens when a tight stop loss is used. A long trade entered at 1.1880 and was nearly closed with a 10 pip stop loss when the USDJPY spiked down to a low of 1.1874. I plan to take a partial profit at 1.1920 and move my stop to 1.1893 on the rest of the position.
4-10-07
USDCHF
There was a short trade entered in the USDCHF at 1.2245 that was stopped out for a 10 pip loss on Monday. The USDCHF ran into the 1.2280 area of supply and then sold off to a low of 1.2193. I plan to trade the 1.2166 to 1.2259 range. Take a partial profit on a long trade at 1.2200 and move the stop loss to entry if the long trade happens first.
4-10-07
GBPUSD
There was no long trade entered in the GBPUSD since Sunday. There was a short trade entered this morning at 1.9710. The low since entry was 1.9695. A breakout support area has formed at 1.9695, so this trade will be closed at 1.9702 since the area of support is so close. I will buy the first pullback to 1.9695 for my next GBPUSD trade with a first target of 1.9732 and a second target of 1.9749 to exit and go flat
4-10-07
EURUSD
There was a long trade entered in the EURUSD at the 1.3339 support area yesterday afternoon which reversed the EURUSD sell off and sent the EURUSD back to the 1.3430 area this morning. Ahead of this trade, the EURUSD also bounced when it reached the 1.3356 area of demand earlier in the day on Monday. If you are long, move the stop loss to 1.3399 to lock in a decent profit on this trade.
