Wednesday, February 8th, 2012

Updates to Watchlist for Tuesday, May 18, 2010

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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.

Here’s what I’m watching today:

I’m still short the E/J, E/U, G/J and G/U all of which are divergent on the 1h chart, so if that plays out I’ll be getting in again on those southward bounces.

The Kiwi has had a nice pullback so I might get a second shot at the southward movement I missed yesterday.

That’s all I’m watching today, though the CAD/J and the U/J have both pulled back and are tightening up in sentiment as well.

Let me know what you’re watching/trading today.

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