Forex Trading Based on Supply and Demand

New Home

2007-12-08T07:55:00.000-08:00

Hello Eveyone,

I am now a full time instructor for the Online Trading Academy.
I am a traveling instructor to all of the remote campuses.
I teach the forex class as well as the stock class, the futures class, and the options classes. Here is a link to the main website: http://www.tradingacademy.com/
Additional links to the other centers are available on the main website.

Since taking the position, I have not been posting daily trades to the forex FCM's as I did before which is the reason for the inactivity of this blog.

For more information on this trading method, you are invited to attend a webinar on January 15, 2008 at the ISE website. This link will take you to the event page where you can register.

https://ise.webex.com/ec0600l/eventcenter/enroll/join.do?confViewID=281205590&confId=281205590&siteurl=ise&path=program_detail&theAction=detail

The event is called "Forex Trading Based On Supply And Demand".

The ISE has FX options on it's indexes which they wanted me to talk about during this webinar.
The ISE indexes are all dollar numerator based indexes which is the opposite of the spot forex pairs. The Tradestation symbols are $BPX.X, $CDD.X, $EUI.X, and $YUK.X.
There are options in Tradestation's Option Station, but I don't know if you can trade those options in Tradestation yet. The Yahoo Finance symbols are ^YUK, ^CDD, ^EUI, and ^BPX. You are suppose to be able to trade the options in a regular stock account instead of a forex account.

Spend some time watching the webinar archives at the main ISE website for more information on these new indexes and options.

http://www.ise.com/

Hope to see you in January, and happy and health holidays to all,

Steve Misic

EURUSD 6-6-07

2007-06-06T00:47:00.002-07:00

6-6-07

EURUSD

The EURUSD long trade from 1.3430 on Sunday is still open. The stop loss has been moved to 1.3490. If the EURUSD closes above 1.3526, I will move the stop up to 1.3519.

GBPUSD 6-6-07

2007-06-06T00:47:00.001-07:00

6-6-07

GBPUSD

There were no trades entered in the GBPUSD in the last two days. The GBPUSD never traded down to 1.9800 for a long trade, and since it based near 1.9835 on Sunday, no short trade was entered at 1.9850. I will trade the 1.9900 to 2.023 range for today.

USDCHF 6-6-07

2007-06-06T00:46:00.002-07:00

6-6-07

USDCHF

There were no trades entered in the USDCHF for the last two days. The USDCHF opened below the 1.2250 area of demand and has not rallied up to the entry point. I will adjust the range lower for today to enter long at 1.2150 and short 1.2250.

USDJPY 6-6-07

2007-06-06T00:46:00.001-07:00

6-6-07

USDJPY

There was a long trade entered in the USDJPY at 1.2180 that was stopped out with a 10 pip stop loss on Monday. I will trade the 1.2084 to 1.2170 range for today.

GBPUSD 6-3-07

2007-06-03T05:33:00.000-07:00

6-3-07

GBPUSD

The last trade in the GBPUSD was a long trade at 1.9760 that was stopped out with a 10 pip stop loss. The GBPUSD traded in a range between 1.9733 and 1.9768 for 2 days before breaking out to the 1.9820 highs. I will trade the 1.9800 to 1.9850 range for Sunday and Monday.

EURUSD 6-3-07

2007-06-03T05:26:00.000-07:00

6-3-07

EURUSD

The last trade in the EURUSD was suppose to be a pullback long entry at 1.3380.
The low on Friday was 1.3392. If the EURUSD rallies above and closes above 1.3450, I will buy a pullback to 1.3450 for my next EURUSD long trade. I will short 1.3480 if the EURUSD opens above 1.3450 when my platform opens for trading on Sunday, and switch to a long at 1.3450. If the EURUSD opens near 1.3430, I will trade long there instead.

USDJPY 6-3-07

2007-06-03T05:15:00.000-07:00

6-3-07

USDJPY

There have been no trades in the USDJPY for the last 3 days.
I will buy a pullback to 1.2180 for my next USDJPY long trade.
I will trade short at 1.2260 with a sell stop once the USDJPY above 1.2272
and reverses lower.

USDCHF 6-3-07

2007-06-03T05:10:00.000-07:00

6-3-07

USDCHF

The last long trade in the USDCHF at 1.2242 had a partial exit at 1.2276 and was closed at 1.2247. I will buy the first pullback to 1.2256 and short the first pullback to 1.2377.

EURUSD 5-30-07

2007-05-30T03:12:00.002-07:00

5-30-07

EURUSD

The long trade from Monday at 1.3430 was stopped out yesterday at 1.3503 with a trailing stop. I will buy a pullback to 1.3380 for my next EURUSD long trade.

GBPUSD 5-30-07

2007-05-30T03:12:00.001-07:00

5-30-07

GBPUSD

A long trade was entered this morning at 1.9767 in the GBPUSD. The GBPUSD rallied to a high of 1.9790 after entry and the trade was closed at 1.9777 with a 10 pip trailing stop. I will re-enter the long trade with a buy stop at 1.9760, if the GBPUSD trades down to 1.9750 and then reverses to avoid a stop run.

USDCHF 5-30-07

2007-05-30T03:11:00.000-07:00

5-30-07

USDCHF

There was a long trade entered this morning in the USDCHF at 1.2242. The stop loss has been moved to entry. The USDCHF declined below 1.2242 yesterday and only reversed to fill the buy stop this morning. If the USDCHF reaches 1.2276, a partial profit will be taken and the stop on the rest of the position will be moved to 1.2247.

USDJPY 5-30-07

2007-05-30T03:10:00.000-07:00

5-30-07

USDJPY

There was a short trade entered in the USDJPY at 1.2164 that was closed at 1.2156 with a 10 pip trailing stop. No long trade was entered. I will trade the 1.2085 to 1.2250 range for today.

EURUSD 5-29-07

2007-05-28T22:47:00.001-07:00

5-29-07

EURUSD

There was a long entry on Monday in the EURUSD at 1.3430. The stop loss has been moved to entry. The first target is 1.3483 if the EURUSD can make it past the 1.3444 area of supply.

GBPUSD 5-29-07

2007-05-28T22:46:00.001-07:00

5-29-07

GBPUSD

The short entry at 1.9850 in the GBPUSD was missed by 2 ticks yesterday and 8 ticks today. The area of supply near 1.9850 is not fresh. I will trade long at 1.9767 for my next GBPUSD trade.

USDCHF 5-29-07

2007-05-28T22:45:00.001-07:00

5-29-07

USDCHF

There were no trades in the USDCHF yesterday. I will trade long at 1.2242 and short at 1.2335 for today.

USDJPY 5-29-07

2007-05-28T22:44:00.000-07:00

5-29-07

USDJPY

A long trade in the USDJPY at 1.2171 was stopped out with a 10 pip loss. I will trade the 1.2109 to 1.2164 range for today.

GBPUSD 5-27-07

2007-05-27T01:55:00.001-07:00

5-27-07

GBPUSD

I am planing to trade the 1.9750 to 1.9850 range for early next week in the GBPUSD.

EURUSD 5-27-07

2007-05-27T01:55:00.000-07:00

5-27-07

EURUSD

I plan to trade the 1.3430 to 1.3513 range for early next week in the EURUSD.

USDJPY 5-27-07

2007-05-27T01:54:00.002-07:00

5-27-07

USDJPY

I will buy the first pullback to 1.2171 in the USDJPY for my next trade. The target is 1.2300.

USDCHF 5-27-07

2007-05-27T01:54:00.001-07:00

5-27-07

USDCHF

I am planning to trade the 1.2260 to 1.2360 range for early next week in the USDCHF.

USDCHF 5-23-07

2007-05-23T01:38:00.001-07:00

5-23-07

USDCHF

The range I am trading in the USDCHF for today is 1.2272 for a long trade and 1.2377 for a short.

USDJPY 5-23-07

2007-05-23T01:37:00.002-07:00

5-23-07

USDJPY

The range I am trading for today in the USDJPY is 1.2158 for a long and 1.2320 for a short.

EURUSD 5-23-07

2007-05-23T01:37:00.001-07:00

5-23-07

EURUSD

The range I am trading for today in the EURUSD is 1.3383 for a long and 1.3501 for a short.

GBPUSD 5-23-07

2007-05-23T01:35:00.000-07:00

5-23-07

GBPUSD

The range I am trading for today in the GBPUSD is 1.9715 for a long and 1.9847 for a short.

USDJPY 5-20-07

2007-05-20T07:42:00.000-07:00

5-20-07

USDJPY

My last trade in the USDJPY was a long trade at 1.2096 that was stopped out with a 10 pip loss after entry. The USDJPY reached a low of 1.2082 before the move higher to 1.2140. I will trade the first pullback to 1.2086 long for my next USDJPY long trade, and 1.2180 short for my next USDJPY short trade.

USDCHF 5-20-07

2007-05-20T07:38:00.000-07:00

5-20-07

USDCHF

My last trade in the USDCHF was a short trade at 1.2280 that was closed at 1.2252 with a 10 pip trailing stop. I will trade the 1.2232 to 1.2332 range for early next week.

GBPUSD 5-20-07

2007-05-20T07:37:00.000-07:00

5-20-07

GBPUSD

My last trade in the GBPUSD was a long trade at 1.9700 which is still open. A partial profit was taken at 1.9770. My stop loss is at entry on the balance of the position. If the GBPUSD rallies past the 1.9775 area, I will move my stop loss to 1.9749.

EURUSD 5-20-07

2007-05-20T07:36:00.000-07:00

5-20-07

EURUSD

My last EURUSD trade was a long at 1.3500 that was stopped out at 1.3511 with a 10 pip trailing stop. I plan to go long at 1.3484 and short at 1.3573.

GBPUSD 5-17-07

2007-05-17T04:23:00.002-07:00

5-17-07

GBPUSD

I am going to go long at 1.9700 for my next long GBPUSD trade and short at 1.9916.

EURUSD 5-17-07

2007-05-17T04:23:00.001-07:00

5-17-07

EURUSD

I am going to go long at 1.3500 in the EURUSD for my next long trade and short at 1.3573.

USDJPY 5-17-07

2007-05-17T04:22:00.002-07:00

5-17-07

USDJPY

I will trade long the first pullback to 1.2096 in the USDJPY with a target of 1.2160 for today to exit and go flat..

USDCHF 5-17-07

2007-05-17T04:22:00.001-07:00

5-17-07

USDCHF

I am planing to trade the 1.2184 to 1.2280 range in the USDCHF for today.

USDJPY 5-15-07

2007-05-15T01:14:00.000-07:00

5-15-07

USDJPY

There was a long trade entered in the USDJPY at 1.2006 on Sunday that was exited yesterday afternoon at 1.2032 with a 10 pip trailing stop. The short trade entry at 1.2100 was not reached. I plan to trade the 1.1983 to 1.2033 range for today.

USDCHF 5-15-07

2007-05-15T01:13:00.002-07:00

5-15-07

USDCHF

There were no trades entered in the USDCHF yesterday. I plan to trade the 1.2118 to 1.2250 range for today.

GBPUSD 5-15-07

2007-05-15T01:13:00.001-07:00

5-15-07

GBPUSD

There was a long trade entered in the GBPUSD at the range low of 1.9790 that was exited at 1.9807 with a 10 pip trailing stop on Monday. I will trade the 1.9770 to 1.9836 range for today.

EURUSD 5-15-07

2007-05-15T01:12:00.000-07:00

5-15-07

EURUSD

A short trade in the EURUSD was entered this morning at 1.3556. A 10 pip trailing stop will be used since the EURUSD based near the entry price. The first target is 1.3521.

EURUSD 5-12-07

2007-05-12T04:17:00.001-07:00

5-12-07

EURUSD

Had to take a few days off for some personal business. I will trade the 1.3480 to 1.35560 range in the EURUSD for early next week.

GBPUSD 5-12-07

2007-05-12T04:16:00.002-07:00

5-12-07

GBPUSD

I am going to trade the 1.9790 to 1.9870 range in the GBPUSD for early next week.

USDCHF 5-12-07

2007-05-12T04:16:00.001-07:00

5-12-07

USDCHF

I plan to trade the 1.2126 to 1.2220 range in the USDCHF for early next week.

USDJPY 5-12-07

2007-05-12T04:15:00.000-07:00

5-12-07

USDJPY

I plan to trade the 1.2006 to 1.2100 range in the USDJPY for early next week.

GBPUSD 5-8-07

2007-05-08T03:38:00.000-07:00

5-8-07

GBPUSD

There was a short trade entered in the GBPUSD yesterday at the 1.9974 top of the range. The target is 1.1917 to reverse to a long.

EURUSD 5-8-07

2007-05-08T03:37:00.000-07:00

5-8-07

EURUSD

There were no trades in the EURUSD for the last two days. I plan to trade the 1.3565 to 1.3665 range again for today.

USDJPY 5-8-07

2007-05-08T03:36:00.000-07:00

5-8-07

USDJPY

The long trade from the 1.1960 entry was closed at 1.1987. I will short 1.2050 for my next USDJPY trade.

USDCHF 5-8-07

2007-05-08T03:35:00.000-07:00

5-8-07

USDCHF

There was a long trade entered in the USDCHF at the low end of the range at 1.2080 on Monday that will be closed out at 1.2148. I will short 1.2162 with a sell stop and a 10 pip stop loss. The first target is 1.2100.

USDJPY 5-06-07

2007-05-06T04:43:00.002-07:00

5-6-07

USDJPY

The long trade from Wednesday's entry at 1.1962 is still open with a stop loss of 1.1987 and a target of 1.2080.

USDCHF 5-06-07

2007-05-06T04:43:00.001-07:00

5-6-07

USDCHF

There are no open positions in the USDCHF. I plan to trade the 1.2079 to 1.2142 range for early next week.

GBPUSD 5-06-07

2007-05-06T04:42:00.000-07:00

5-6-07

GBPUSD

There are no open positions in the GBPUSD. I am going to trade the 1.9900 to 1.9975 range for early next week.

EURUSD 5-06-07

2007-05-06T04:41:00.000-07:00

5-6-07

EURUSD

There are no open positions in the EURUSD. I am going to trade the 1.3565 to 1.3665 range for early next week.

GBPUSD 5-03-07

2007-05-03T05:18:00.001-07:00

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

2007-05-03T05:17:00.001-07:00

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

2007-05-03T05:16:00.000-07:00

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

2007-05-03T05:15:00.000-07:00

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

2007-04-30T23:13:00.001-07:00

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

2007-04-30T23:12:00.001-07:00

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

2007-04-30T23:11:00.000-07:00

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

2007-04-30T23:10:00.000-07:00

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

2007-04-29T07:10:00.001-07:00

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

2007-04-29T07:08:00.000-07:00

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

2007-04-29T07:07:00.000-07:00

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

2007-04-29T07:06:00.000-07:00

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.

USDJPY 4-27-07

2007-04-27T04:21:00.001-07:00

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.

USDCHF 4-27-07

2007-04-27T04:20:00.000-07:00

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.

GBPUSD 4-27-07

2007-04-27T04:19:00.000-07:00

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.

EURUSD 4-27-07

2007-04-27T04:18:00.000-07:00

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.

USDCHF 4-26-07

2007-04-26T00:51:00.001-07:00

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.

USDJPY 4-26-07

2007-04-26T00:50:00.000-07:00

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.

EURUSD 4-26-07

2007-04-26T00:49:00.000-07:00

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.

GBPUSD 4-26-07

2007-04-26T00:42:00.000-07:00

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.

GBPUSD 4-24-07

2007-04-23T22:59:00.002-07:00

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.

EURUSD 4-24-07

2007-04-23T22:59:00.001-07:00

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.

USDCHF 4-24-07

2007-04-23T22:58:00.000-07:00

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.

USDJPY 4-24-07

2007-04-23T22:56:00.000-07:00

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.

USDJPY 4-22-07

2007-04-22T03:34:00.001-07:00

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.

USDCHF 4-22-07

2007-04-22T03:33:00.002-07:00

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.

GBPUSD 4-22-07

2007-04-22T03:33:00.001-07:00

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.

EURUSD 4-22-07

2007-04-22T03:32:00.000-07:00

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.

GBPUSD 4-20-07

2007-04-20T01:45:00.001-07:00

4-20-07

GBPUSD

There was a long trade entered in the GBPUSD yesterday on the pullback to 1.9986. A partial profit will be taken at 200.80. Move the stop loss on the balance of the position to 2.0009.

EURUSD 4-20-07

2007-04-20T01:44:00.002-07:00

4-20-07

EURUSD

There was no entry in the last 2 days in the EURUSD. I will buy the first pullback to 1.3620 if this 60 minute candle closes above 1.3620.

USDJPY 4-20-07

2007-04-20T01:44:00.001-07:00

4-20-07

USDJPY

The last trade in the USDJPY was a long trade at 1.1859 that was partially exited at 1.1882 and then stopped out at entry. 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.

USDCHF 4-20-07

2007-04-20T01:43:00.000-07:00

4-20-07

USDCHF

There were no trades in the USDCHF in the last 2 days. I will trade the 1.2002 to 1.2078 range for today.

USDJPY 4-18-07

2007-04-17T23:43:00.002-07:00

4-18-07

USDJPY

There was a long trade entered yesterday afternoon in the USDJPY at 1.1859. A partial profit will be taken at 1.1882 and the stop loss will be moved to entry on the remainder of the position. If the USDJPY reaches the 1.1925 area, sell another contract and move the stop to 1.1869.

USDCHF 4-18-07

2007-04-17T23:43:00.001-07:00

4-18-07

USDCHF

The long trade from Friday's entry of 1.2085 was exited at 1.2109 yesterday morning. There was a long trade entered on the pullback to 1.2080 with a buy stop on the spike down to 1.2064. That trade was exited at 1.2090 with a 10 pip trailing stop. The USDCHF then sold down to the 1.2060 area. There are no fresh areas of demand until the USDCHF reaches the 1.1950 area, so the support areas will be speed bumps. I will short the first time back to 1.2105.

GBPUSD 4-18-07

2007-04-17T23:42:00.002-07:00

4-18-07

GBPUSD

There was no trade entered in the GBPUSD yesterday. I will buy a pullback to 1.9987 for my next GBPUSD trade.

EURUSD 4-18-07

2007-04-17T23:42:00.001-07:00

4-18-07

EURUSD

There was no trade entered in the EURUSD yesterday. I will buy a pullback to 1.3548 for my next EURUSD trade.

GBPUSD 4-17-07

2007-04-17T02:48:00.001-07:00

4-17-07

GBPUSD

There were no trades entered in the GBPUSD yesterday. The GBPUSD never reached the 1.9831 entry price. The GBPUSD touched $2.00 this morning. It may base near this level for a move higher. If the GBPUSD rallies past 1.9985 and a 60 minute candle closes above 1.9985, then I will buy the first pullback to 1.9985.

EURUSD 4-17-07

2007-04-17T02:47:00.002-07:00

4-17-07

EURUSD

The long trade from Friday's entry at 1.3494 was closed yesterday at 1.3527. I will buy a spike down to 1.3467 using a buy stop for my next long EURUSD trade.

USDJPY 4-17-07

2007-04-17T02:47:00.001-07:00

4-17-07

USDJPY

There were no trades entered in the USDJPY yesterday. I will trade the 1.1860 to 1.1955 range for today.

USDCHF 4-17-07

2007-04-17T02:46:00.000-07:00

4-17-07

USDCHF

If you are still long the USDCHF from the 1.2085 entry, move the stop loss to 1.2109 to lock in a profit on the balance of the position. If you are flat, buy the first pullback to 1.2080 using a buy stop to enter once the USDCHF trades below 1.2080.

USDJPY 4-15-07

2007-04-16T02:38:00.002-07:00

4-15-07

USDJPY

There were no trades in the USDJPY on Friday. The USDJPY never reached the 1.1800 long entry price and it ran past the 1.1900 short entry price. My next trade in USDJPY will be a long entry at 1.1860.

USDCHF 4-15-07

2007-04-16T02:38:00.001-07:00

4-15-07

USDCHF

There was a long trade entered in the USDCHF at 1.2085 on Friday. A partial exit was taken at 1.2160. Move the stop loss to entry on the balance of the position. If the USDCHF rallies past 1.2160, move the stop loss to 1.2139.

EURUSD 4-15-07

2007-04-16T02:37:00.000-07:00

4-15-07

EURUSD

There were 2 long trades entered in the EURUSD on Friday. Early on Friday morning, the EURUSD rallied past 1.3515 and pulled back for a long entry. The trade was exited at 1.3530 with a 10 pip trailing stop. The EURUSD spiked down to the 1.3494 support area later in the day for a second trade. This trade is currently open. If the EURUSD rallies past 1.3540, move the stop loss to 1.3527.

GBPUSD 4-15-07

2007-04-16T02:36:00.000-07:00

4-15-07

GBPUSD

There was a long trade entered in the GBPUSD on Friday at 1.9826 that was stopped out with a 10 pip loss. The GBPUSD spiked down to the 1.9800 area of demand and then rallied. I will buy a pullback to 1.9831 for my next GBPUSD long trade.

USDCHF 4-13-07

2007-04-13T04:39:00.000-07:00

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.

USDJPY 4-13-07

2007-04-13T04:38:00.002-07:00

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.

GBPUSD 4-13-07

2007-04-13T04:38:00.001-07:00

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.

EURUSD 4-13-07

2007-04-13T04:37:00.000-07:00

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.

EURUSD 4-12-07

2007-04-12T04:28:00.002-07:00

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.

GBPUSD 4-12-07

2007-04-12T04:28:00.001-07:00

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.

USDJPY 4-12-07

2007-04-12T04:27:00.002-07:00

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.