GBPUSD 5-03-07

5-3-07

GBPUSD

The pullback long trade on Tuesday in the GBPUSD at 1.9945 was a 10 pip loser. I will trade 1.9901 long and 1.9989 short for today.

EURUSD 5-03-07

5-3-07

EURUSD

There was a short trade entered on 5-1-07 at 1.3659 that was closed at 1.3614 which was the bottom of the range for that day. The EURUSD continued lower to a low of 1.3560.
The range I will trade for today is 1.3592 on a pullback for a long trade, and 1.3665 for a short.

USDJPY 5-03-07

5-3-07

USDJPY

The pullback long trade in the USDJPY at 1.1962 happened yesterday. My stop loss is at 1.1987 on the balance of the position.

USDCHF 5-03-07

5-3-07

USDCHF

There were no trades in the USDCHF for the last two days. I am trading the 1.1994 to 1.2162 range for today.

GBPUSD 5-01-07

5-1-07

GBPUSD

The long trade from Friday at 1.9871 was closed Sunday at 1.9934 with a trailing stop. I will buy a pullback to 1.9945 for my next GBPUSD trade.

EURUSD 5-01-07

5-1-07

EURUSD

There was a long trade entered on Sunday in the EURUSD at 1.3623 that was closed at 1.3633 with a 10 pip trailing stop. The EURUSD range that I will trade for today is 1.3614 long and 1.3660 short.

USDJPY 5-01-07

5-1-07

USDJPY
There was no trades entered in the USDJPY for the last two days. The USDJPY looks like it wants to breakout past 1.1960. I will buy a pullback to 1.1960 if the 60 minute candle closes above 1.1960. I will short 1.2066 for my next USDJPY short trade.

USDCHF 5-01-07

5-1-07

USDCHF

There was a long trade entered in the USDCHF at 1.2042 that was stopped out with a 10 pip loss. The USDCHF traded in a range yesterday between 1.2028 and 1.2100 rather than breaking out. It looks like today will be another range day. I will trade the 1.2022 to 1.2122 range for today.

USDJPY 4-29-07

4-29-07

USDJPY

The short trade in the USDJPY from early Friday morning at 1.1954 reached the first target of 1.1925 and then backed up to 1.1935 where it was closed with a 10 pip trailing stop. I will short 1.2066 for my next USDJPY trade.

USDCHF 4-29-07

4-29-07

USDCHF

There was a long trade entered in the USDCHF at 1.2050 that was stopped out with a 10 pip loss. The USDCHF spiked down to the 1.2011 area and then reversed to the 1.2108 area which was the range I was looking to trade from Thursday. The 240 chart looks like there is a possibility of the USDCHF basing between 1.2056 and 1.2085 on Sunday for a breakout move higher. I will go long if the USDCHF pulls back to 1.2042. If the USDCHF does rally past 1.2085, and the 240 candle closes above 1.2085, I will take a partial profit at 1.2124 and move the stop loss to 1.2054.

GBPUSD 4-29-07

4-29-07

GBPUSD

The long trade from Friday's entry at 1.9871 remains open. There was another partial profit taken at 2.0030 and the stop loss is now at 1.9934. The next target is 2.0050.

EURUSD 4-29-07

4-29-07

4-29-07

EURUSD

There was a short trade entered in the EURUSD on Friday at 1.3635 that was closed with a 10 pip loss. The EURUSD made a new high and then sold back down to the 1.3605 breakout area. I will buy a pullback to 1.3623 for my next EURUSD trade.