4-27-07
USDJPY
There was a short trade entered in the USDJPY yesterday at 1.1955 that was stopped out for a 10 pip loss, The USDJPY rallied to the 1.1971 area of supply before running out of gas. I will re-enter the short trade at 1.1954 with a sell stop and a first target of 1.1925. I will put the stop loss to entry after the first target is reached. If the trade goes 10 pips in my favor, I plan on trailing the stop loss since there is an area of breakout support at 1.1937.
4-27-07
USDCHF
The short trade from the 1.2124 entry was closed at 1.2071 with a trailing stop yesterday morning. The USDCHF is trying to rally past the 1.2088 area of supply. If it happens to throw down a candle to the 1.2050 area before it rallies past the 1.2088 area, I will go long at 1.2050. If not, I will pass on the USDCHF for today.
4-27-07
GBPUSD
The pullback long trade at 2.0030 was stopped out for a 10 pip loss yesterday morning. The GBPUSD is in weekly support and a long trade was opened at 1.9871 this morning.
The first target is 1.9900. Move the stop loss to entry at the first target.
4-27-07
EURUSD
The long trade from Monday was closed at 1.3616 with a trailing stop. I will trade the 1.3565 to 1.3635 range for today.
4-26-07
USDCHF
There was a short trade entered in the USDCHF on Monday at 1.2124. A partial profit was taken at 1.2080. If you are still short, move the stop loss to 1.2071 on the balance of the position.
4-26-07
USDJPY
There have not been any trades in the USDJPY in the last 2 days. The USDJPY has traded between 1.1830 and 1.1890 for a week. I will trade long at 1.1784 and short at 1.1955 once the range opens up.
4-26-07
EURUSD
The EURUSD long trade from Monday at 1.3559 is still open. The stop loss should be moved to 1.3616.
4-26-07
GBPUSD
The GBPUSD never reached 1.9925 for a long entry. It has an area of breakout support to go long at 2.0031. The first target is 2.0060 and the second target is 2.0104 to exit and go flat.
4-24-07
GBPUSD
There were no trades entered in the GBPUSD yesterday. The GBPUSD extended the range lower to 1.1956 and has reversed this morning. I will take a long trade if the GBPUSD extends the range lower to 1.9925.
4-24-07
EURUSD
There was a long trade entered in the EURUSD yesterday at 1.3550 that was exited at 1.3574 with a 10 pip trailing stop. The short trade was not entered. If the current candle closes above 1.3559, I will buy the first pullback to 1.3559 and trail the stop loss by 10 pips. The target is 1.3612 to exit and go flat.
4-24-07
USDCHF
There was a short trade entered in the USDCHF yesterday at 1.2125. There was a partial profit taken at 1.2190. Put the stop loss to entry on the balance of the position. If the USDCHF moves below 1.2083, move the stop loss down to 1.2103.
4-24-07
USDJPY
There was no trade entered in the USDJPY yesterday. I will buy the first pullback to 1.1785 for my next USDJPY trade.
4-22-07
USDJPY
There was no trade entered in the USDJPY on Friday. The range on the USDJPY is getting very narrow and is hard to trade. I will short 1.1956 for the top of the range and I will buy a pullback to 1.1800 for the bottom of the range once that range opens up.
4-22-07
USDCHF
There was a short trade entered in the USDCHF at 1.2078 on Friday that was closed for a 3 pip gain with a trailing stop. The low after entry was 1.2065. The USDCHF built an area of breakout support at 1.2060 and went back and forth between 1.2088 and 1.2060 to absorb the supply in that area. I will try to trade the 1.2125 to 1.2072 range for Sunday depending on where the USDCHF opens.
4-22-07
GBPUSD
The long trade in the GBPUSD from Thursday's entry at 1.9986 was stopped out at 2.0009. I will trade the 1.9927 for a long trade to 2.0056 for a short trade range for next week.
4-22-07
EURUSD
There was a long trade entered in the EURUSD at 1.3620 that was stopped out for a 10 pip loss. The range I will trade for next week is 1.3550 for a long and 1.3612 for a short.
