Here’s what I’m watching today: My favorite trade possibility is the big triangle on the CADJPY 4h chart.  Large range 86.40 -81.75, Medium range:  85.25 – 82.25, Small range:  84.70 – 83 That EURUSD just keeps stretching and thinning out its range.  Honestly I’m very surprised it kept climbing yesterday, especially in light of more [...]

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 [...]

There really only 3 setups that I like at all today. CADJPY tightening.  Large range:   86.40 – 85.30.  Small range:  85.75 – 85.30 EURJPY consolidation around the 800sma on the 1h.  Range: 111.40 – 110.85 EURUSD 4h Head and Shoulders with the neckline at 1.2525 What are you watching/trading today? _____ Remember:  The purpose of [...]

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 [...]

Remember:  There is NO WLW on Monday!! Pair Daily 4h 1h CADJPY Nosedived to 81.75 levels with 85.40 un-retraced. Beginning to triangulate Large range:  83.50 – 81.75 Small range:  83.15 – 82.30 EURJPY Back at the top of that smaller range. Mucky range, but support is definitely at 109.75 Trying for a H/S?? EURUSD Upside [...]

Wowee….you Euro session traders must have made BANK!!   Looks like risk aversion on poor equities and slowing of China’s growth seems to have injected JPY and USD strength. Many of the moves are very impulsive. Here’s what I’m watching today: The EURUSD seems headed back to 1.2060 and has triggered a double top on the [...]

Pair Daily 4h 1h CADJPY Kind of stuck. Technically still wrapping around the 800sma Large range:  86.60 – 85.40 Small range:  86.4 – 85.75 EURJPY Support rejection for a very ugly upside-down H/S? Consolidating around the 200% extension level. 111 – 109.75 EURUSD Was last week’s little downward dip the second shoulder? Yucky. Yuckier.  Retracement [...]

If you’re in the States and celebrate it….Happy Father’s Day!!  Pair Daily 4h 1h CADJPY Stuck – but is actually a nice nested box trade. 800sma 800sma EURJPY Showing a lot of hesitancy around the top of that smaller desc. channel Rangebound Large Range: 113 – 111.60 Small Range:  112.60 – 112 EURUSD Strong run [...]

Here’s the archive for today’s WLW. Thanks to all of you who are able to attend. You make it fun. I’ll wait until the close of the hour on those crosses, but I will let you know if I enter them or not. Let me know what you’re trading/watching and I’ll stay in touch with [...]

There’s not really much to update here… Umm….The E/U, G/U, N/U and U/CAD are all range bound near yesterday’s resistance and those ranges are my Areas of Indecisions.  Above go long, below go short. My favorite is probably the 4h G/U because it is strongly divergent and showing signs of dipping, at least to 1.4625ish [...]