Pair Daily 4h 1h CADJPY Double topping or ready for takeoff? 92 and 91 are good retracement levels if this gives a short signal. 94-93.15 EURJPY Double top is defunct now.  More tightening is expected. 124.20 & 124.60 are good retracement signals if this gives a short signal. 126 – 125.50 EURUSD Triple bottom?  1.3255 [...]

We all spend our time with The Angel and The Devil on our shoulders, vacillating between what we should do and what we want to do.  Those little imps travel with us everywhere we go. They invade the inner sanctum of our minds at every decision we face in the day.  “I really should fix [...]

Here’s a thread for those of you who are trading on Thursdays and Fridays. I’m still in the E/J but that’s all I have left on. It’s been fun having some feedback and conversations going on.  Thanks for your participation.  Even though I don’t trade on Thursdays and Fridays I always try to check into [...]

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Here’s the link to today’s WLW archive. (If IE isn’t working to open the archive, use Firefox it works every time.) The E/J and the U/CAD that we talked about will be my primary focus for today. What is your primary focus for today? I like that we’re getting some discussions going on here.  Thanks, that [...]

I just entered the G/U short.  PT at 1.5250, SL at 1.5450 What are you watching/trading? Recommend on Facebook Buzz it up Tweet about it

Well, the EURJPY Trade I was watching never triggered and in fact took a strong leg northward.  Which pretty much debunked my favorite setup.  Darnit.  Right now, the E/J has printed a nother long wick on the 4h chart and is divergent on the 1h so I’ll take a close below 125.10 for the short [...]

This reversal pattern combined w/ the huge 4hr wick is confirming for me that this pullback may be over.  I’m willing to put on my first position on a 1h close below 124.60 and prepare myself for some tightening up.  If it doesn’t tighten up and instead dumps another good entry would be a close [...]

  Here’s today’s WLW archive. (If you’re using IE use the right click method to open, Firefox users aren’t having a problem opening the archives.) I’ll let you know if/when I take any of the trades we talked about. Let me know what you’re watching/trading today and we’ll keep in touch on the blog. Be [...]

Pair Daily 4h 1h CADJPY Double top triggered, but needs a retest. Retest to 92.21 and then a bounce short would be a good trade. Close above 91 could be a good trigger to take advantage of the retest. EURJPY Weird Double Top is sitting at the neckline.  Could mean that there will be consolidation [...]