Last hour closed above the area of indecision.  I’m adding my first position now, at 1.6325.  Some of you have said, on the G/J post that you’re in already…fantastic! Positive USD and JPY news today and tomorrow may result in a weakening of both currencies, so a pullback seems imminent. I’ll keep you posted on [...]

The GBPJPY looks to be starting it’s correction.  That 1h/15m we looked at this morning is triggering above the 154.24 level we identified in today’s WLW.  I won’t be able to take many trades today because my schedule is crazy, but I’m here for the trigger on this one, so I’ll take it. I’m putting [...]

Here’s the archive for today’s WLW The upshot is that the market seemed to regret its impulsive risk aversion at the end of Friday’s trading, instead it continued with that theme through yesterday’s and last night’s trading.  Impulsive moves lead to corrections though and we’re looking at that potential today. Recommend on Facebook Buzz it [...]

Pair Daily 4h 1h CADJPY Double top seems to be pausing at significant support (even on the W chart), but still feels bearish overall Bounce off 85.88 would mean a long to 88.70, Close below would mean a short to 84.00 Odd divergence and a price rejection close to major support could indicate time for [...]

First time in a long time I’ve wished I’d kept trading past Wednesday afternoon. The plan was good, all of our levels were reached in the watchlist, but my trades were stopped out on deep shadows before they turned my direction and I didn’t get back in.  My losses negated my early week g/u wins [...]

Here’s the link to today’s WLW Recommend on Facebook Buzz it up Tweet about it

Looks like divergence on the 1h g/j chart may be telegraphing a time for retracement.  I think it could get to the 160.00 mark easily.  I’m looking for a close above 158.40 to get in and I’ll keep my stop below that area of indecision at about 157.70 for now.  I may tighten that a [...]

I’m finally taking the EURUSD long we’ve been taking.  I’m taking the close above 1.4150 and aiming for a quick 50 pips….actually 45 to 1.4295. Here’s the chart: k…..nevermind…for some reason it won’t put in the chart…will see if I can add it  but for now, here’s a link for it.  EURUSD Right now, SL [...]

Here’s the article:  The Truth about Grit I feel like there is a lot of truth to the article and it reminds me of how far I have to go.  I feel like there is so much room left for improvement, not just in my trading, but in my life.  That’s not to say I’m [...]

I’m not staying up any longer, but I think the GBPUSD will get to 1.6575 on a correction. I’m going to put in a buy stop on the pair at 1.6525, with a SL of 1.6475 What are your thoughts?  I’ll post an update on this in the morning.  Recommend on Facebook Buzz it up [...]