Monday’s low volume didn’t really create much difference in the watchlist.  The larger consolidation ranges have held and I’m watching those for my cue. Particularly in the EUR/USD, GBP/JPY, GBP/USD and the USD/CAD.  I like the u/cad the best though.  Long wicks on the daily chart that form a nice triple to on the hourly [...]

I missed the entry candle’s close, but it’s still an affordable trade, so I’ll jump in now. Here’s the chart: My SL is at 1.0330 (below the recent low) My PT is at 1.0620 (Just below the secondary high) It is at the 800sma on the 1h chart so it could range for a bit [...]

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 [...]

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 [...]

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 [...]

Big Money is buying dollars hand over fist at the moment, especially against the Euro and the Cable.  Investors have good reason to buy USD.  The earthquake in Chile, the interest rate decisions for the Bank of Canada (Tuesday) and the Bank of England (Thursday), combined with this Friday’s US Non-Farm Payroll report give the [...]

The CAD and the CHF both had some pretty good news this week. The CHF seems to be bouncing off of a long held support area after the market had digested its good news, imports are up, money supply is up, real estate is up. The market seemed to yawn at all the good news, [...]