TrifFX » Trader’s Blog

Thread for Thursday/Friday traders, September 2/3, 2010

Triffany Hammond — Thu, 02 Sep 2010 12:48:27 +0000

Here’s a thread for you brave souls trading today and tomorrow!

Watchlist Webinar for Wednesday, September 1, 2010

Triffany Hammond — Wed, 01 Sep 2010 14:21:34 +0000

I just realized that my first post didn’t publish for some reason. ARG!

Here’s today’s archived WLW.

Monday is a U.S. Holiday so I’ll see you at either the FXStreet Webinar at 12 EDT on Tuesday or at our regular time on Wednesday.

If you missed yesterday’s webinar and would like to review it, you can use this link.

Be good to you!
Triffany

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WLW Reminder

Watchlist Webinars are free to members and happen on Mondays and Wednesdays at 8am EDT. You can register to attend using the link in the blog category “Training” that says “[name of month]’s wlw link”. Once you’re registered, you’ll receive reminders for the month from Citrix. Once a new month begins you’ll have to register for the new room using the same link in the “Training” of the blog.

There are also free webinars at FX Street (www.fxstreet.com) on Tuesdays at 12:00 (noon) EDT.

Trade Alert Reminder

Remember: The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace. It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs.

In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.

Watchlist Updates for Tuesday, August 31, 2010

Triffany Hammond — Tue, 31 Aug 2010 12:47:01 +0000

I like the JPY pairs today. They’re all lined up to do one of 2 things. Either begin the double bottom process (4h) or break significant support and nosedive. The nosedive actually seems more likely to me at this point since risk aversion is risk aversion, no matter what the BoJ does with money supply. But I’ll wait for a signal, there is reason to watch for either direction.

The only other setup that works for the way I trade is the E/U, 4h, potential double bottom or nosedive on that one, too. Everything else looks irregular and any trades I might have taken triggered during the Euro session.

How about you? Are you even trading this week? I wouldn’t blame you if the answer is no.

Watchlist Webinar for Monday, August, 30, 2010

Triffany Hammond — Mon, 30 Aug 2010 13:11:30 +0000

Here’s the archive for today’s WLW.

Be extra, extra careful this week. Conditions, both fundamental and technical, are primed for turbulence.

I’ll be posting September’s WLW link soon.

Be good to you!
Triffany

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WLW Reminder

There are also free webinars at FX Street (www.fxstreet.com) on Tuesdays at 12:00 (noon) EDT.

Trade Alert Reminder

In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.

Watchlist for Sunday/Monday, August 29/30, 2010

Triffany Hammond — Sat, 28 Aug 2010 03:25:48 +0000

Pair	Daily	4h	1h
CADJPY	Large triangle hit profit, should triangulate again, or double bottom.	Sharp Nward movement indicates probably drop. Looking for a double bottom.	Tight range at 81.15 – 80.90 to watch for entry. Unusually tight.
EURJPY	Friday’s climb retraces to the bottom of the last, very large consolidation. a bounce downward would confirm the breakout.		Tight range between 109 – 108.50
EURUSD	Retrace to the neckline break of the H/S happened on Friday trading.	Small bodies, big wicks kept the day’s trading within uncertain territory.	Muddy area: 1.2765 – 1.2420
GBPCHF	Working hard to reject that support line at 1.59	Nice little double bottom forming…or triangulation…but the patterning is in the making.
GBPJPY	Tried to leave its range, but couldn’t. Was this last long movement a simple retrace through the muddy area of the wicks?	Large range between 132.35 and 130.75	Actionable range: 132.35 – 132.10
GBPUSD	Nudge through the bottom of the upward channel may indicate a bounce opportunity – above 1.5550	1.5550 – 1.5480
NZDUSD	Seems to be loving its consolidation right now.	Still wrapping around the 800sma.	Tight range: .7120 – .71
USDCAD	Third lower high indicating further range-bound behavior.	Triple top triggered, but on Friday movement.
USDCHF	Broke and held the break of the consolidation area.	Retrace of the second leg, complete.	Meh.
USDJPY	Poor JPY…technicals won’t say much…need more info from the BoJ

Or download it here

Thread for Thursday/Friday Traders, August 26/27, 2010

Triffany Hammond — Thu, 26 Aug 2010 03:23:36 +0000

Here’s a thread for you Thursday/Friday traders to stay in touch.

Watchlist Webinar for Wednesday, August 25, 2010

Triffany Hammond — Wed, 25 Aug 2010 12:35:54 +0000

Here’s the archive for today’s WLW.

Just so you know, Explorer users seem to be having trouble again, but Firefox works fine.

Let me know what you’re watching/trading.

Be good to you!
Triffany

_____

WLW Reminder

There are also free webinars at FX Street (www.fxstreet.com) on Tuesdays at 12:00 (noon) EDT.

Trade Alert Reminder

In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.

Watchlist Update for Tuesday, August 24, 2010

Triffany Hammond — Tue, 24 Aug 2010 12:25:17 +0000

Wow…if you’re not already in it, it’s too late at this point! E/J, G/J and E/U we talked about yesterday all did very, very well. But since my trades hit Profit overnight I’m not still in any of them and I’m not thrilled about chasing what’s left.

The only exception, for me, is the 4h N/U 800sma consolidation. Everything else I’ll have to watch for tiring and a then a cue to take the retracements.

What are you watching and trading?

Watchlist Webinar for August 23, 2010

Triffany Hammond — Mon, 23 Aug 2010 12:33:52 +0000

Here’s the archive for today’s WLW.

Let me know if you have any questions about anything we covered, or anything we didn’t.

I’ll let you know, on this post, which of those trades I take and why.

It’d be great to hear what you’re watching and trading, too.

____

WLW Reminder

There are also free webinars at FX Street (www.fxstreet.com) on Tuesdays at 12:00 (noon) EDT.

Trade Alert Reminder

In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.

Watchlist for Sunday/Monday, August 22/23, 2010

Triffany Hammond — Fri, 20 Aug 2010 21:45:13 +0000

Here’s the watchlist for next week.

Pair	Daily	4h	1h
CADJPY	Second support rejection waiting for a confirmation candle/setup.	82.30 – 81.15	Risky small range on the 1h: 81.75 – 81.50
EURJPY	Toying with a break of significant support.	Nice break and retrace, a bounce away from 109 would confirm short. Highly divergent right now.	109.40 – 108.25 seems to be the first swing, if no confirmation bounce then watch for further tightening or close above 109.40
EURUSD	Small H/S triggered, but on Friday trading.	Would like to see a retrace to 1.28 and bounce south to confirm the H/S. Divergence may bring retracement.	1.2750 – 1.2665
GBPCHF	Still within its large range.	1.6150 -1.6050	6050 – 6025 is kind of muddy.
GBPJPY	Rejecting the top of the muddy area of the last consolidation.	Triangle triggered and has retraced. A bounce down off of 133.20 will confirm
GBPUSD	Price has come all the way back to the Daily TL.	Trying to bounce up? Candles are there, but will wait for early week action.	800sma consolidation
NZDUSD	Wide area of indecision. .72 – .70	Double bottom?	Close above .7065 would make a nice trade to the neckline of the double bottom.
USDCAD	Wide triangle still tightening up.	Impulsive moves up and down. 1.0423 and 1.0335 unretested.	1.05 – 1.0470
USDCHF	Trying to break support of the larger consolidation.	Broke support and has retested, time to wait for confirmation.
USDJPY	Sideways and tightening…almost a descending triangle.	85.75 – 85.20	85.75 – 85.55

Or download it here.

Let me know what you’re watching and trading and I’ll see you at Monday’s WLW, 8am EDT.

Have a fantastic weekend!!