Well, the G/J, G/U and U/CHF that we talked about yesterday worked out great.  The U/J gave a fakeout and still looks primed for the next trade. The only other setup I like right now is the CAD/J. What about you? Recommend on Facebook Buzz it up Tweet about it

Not that different from yesterday, actually. The G/J hit my profit target and is triangulating again on the 1h chart. The N/U’s reversal has completed its first leg and I’ll be watching for a retest/bounce. The G/U looks primed for a breakout soon. I’m adding the E/U 1h double top (or funky consolidation). and the [...]

Here’s the watchlist for next week. Pair Daily 4h 1h CADJPY Making a little ascending triangle, but at the bottom of a trend. 81.50 – 81 EURJPY Really undecided at 106.50 Rejecting the top of its consolidation range. 107 – 106.50 EURUSD Looks like it is trying to make its way south, but stuck. Back [...]

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.  [...]

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 [...]

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 [...]

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. [...]

My favorite trade of the day today is the E/J:  Either as a 4h double bottom or as a 4h descending traingle.  It has yet to trigger. I like the winding up on the G/J today, too. My E/U, first position, is still alive as it goofs around the 1h 800sma but a close above [...]

Pair Daily 4h 1h CADJPY Will the new short breakout hold?  Thurs began retracement, Fri seems to reject resistance 83.15 – 82.20 Watching for a smaller range OR a confirmation of the double top against 83.15 EURJPY Market doesn’t like this range below 111.60 which has gone unretested. 111 – 109.30 110.30 – 109.70 EURUSD [...]

If the current hour’s candle stays closed below the 1.3150 mark on the E/U then I’ll be short there. I’m also watching the 1h chart on the E/J for a continuation of its Southward breakout. I like the triple top on the 4h N/U if that stays triggered w/ the close of the current 4h [...]