Saturday, May 19th, 2012

Thought I’d let you know that I’ve entered the Kiwi short to .7175 on the 1h close outside its area of indecision.  SL @ .73  It’s also right at previous resistance, so I’m willing to watch for a bounce and take it long, if I’m wrong. Remember:  The purpose of these trade alerts is to [...]

I just entered a trade on the NZDUSD short based on a bounce off of the daily TL. Here’s the chart: The dark purple line above price is the Daily TL and the thinner purple line below price is the 800sma on the 1h chart, I’m ignoring that completely for a longer term trade.  First [...]

I wanted to let you know that I did take those trades we talked about in today’s WLW.  Long E/U PT 1.3415 SL  1.3275 and Long G/J PT 147.40 SL 143.85 (4h trade so skip/adapt if you don’t like the longer term stuff) I’d love to hear what you’re watching/trading!!  Recommend on Facebook Buzz it [...]

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

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 [...]

If the EURJPY closes, this hour, below 127.  I’m taking a short position to 125.75 w/ a SL at 127.50. What are you watching/trading? Recommend on Facebook Buzz it up Tweet about it

1.0025 is still my line in the sand for this trade and price has really struggled there, but we may be seeing some signs of turn around on this one, now that it has had a chance to bounce around parity for awhile.    A close above 1.0025 on the 1h chart will signal a trade [...]

I’ve just entered the GBPUSD short trade on a close below the area of indecision.  SL @ 1.51, PT @ 1.5025 This could also be the slingshot action its been using to go long, so I’ll be willing to get out on a close back inside the box instead of waiting for the Stop Loss. [...]

I’ve entered into a short position on the E/J, with a close below 124.50 and these first 10m or so giving me a slightly better price.  I’m going for 123.75 w/ a SL at 125.00. Not a lot of room for stacking, but I wouldn’t be that agressive in these recovering conditions anyway. What are [...]

The G/U has retraced to the resistance area we talked about this morning.  I’m watching for a bounce low now.  What are you watching/trading? Recommend on Facebook Buzz it up Tweet about it