Tuesday’s Watchlist, July 27, 2010
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.
Looks like risk is on this early NY Session as the USD and the JPY sell off.
EUR/USD: Triggering right now and looks to be headed to 1.3240 or so
USD/CAD: Triggered yesterday and is making a fresh break southward at least to 1.015 and possibly even closer to parity.
NZD/USD: Also Triggered yesterday and is making a fresh break, but the range is narrower – and the 200% level has already been hit.
GBP/USD: Trend side look tired and I’m tempted to put in a counter trend trade, but will wait for a signal…a close below 1.5520 possibly?
That’s what I’m watching for today. How about you?
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at 
GO GBPJPY, GO GBPJPY, GO GO GOOOOOOO !!!
I have gone long USDCHF, the short side was becoming too short and I took a break out of the consolidation box on the 4HR at the close above my box 1.0577, also that little higher low made just before the break out on the 4HR was very nice. am aiming for a retracement of some levels that need returning to, around 1.0850+ (800SMA area), I am also long USDJPY, from the same sort of set up, but I’m not as excited about it as the USDCHF. And I am kicking myself for not trading the GBPCHF break out which i planned for but chickened out completely chicken … and still in the long EURJPY for a long time …