Tuesday, February 7th, 2012

Watchlist for September 1

9

Pair Daily 4h 1h
CADJPY Looks to be tightening and getting ready to head long back to the 800sma Still hasn’t touched the 800sma short on this time frame but seems to have found the support level the 800 is likely to meet during tightening. Breakout has come back up to retest or change course.  Looks more like a retest and a trip to the 800/4h looks imminent.
EURJPY Looks to be tightening and getting ready to head long back to the 800sma Still hasn’t touched the 800sma short on this time frame but seems to have found the support level the 800 is likely to meet during tightening. Swirling around the 800sma
EURUSD Overall feel is long Sticking to its price pattern, looks ready for a long bounce. Also looks ready for a long bounce.
GBPCHF Double top played out to 150% fib level Touched the 800 and looks to be ready for some correction after such sharp selling. Still stuck in its range.
GBPJPY Looks to be rejecting the double top trigger Hasn’t touched the 800 yet but looks like price will meet it at about 151.  Confirmation candles formed on Friday’s movement, but Sunday tells a brand new story. Retested nicely and then took a nosedive again.  Right at support right now and looks to be ready for a bounce or break.
GBPUSD Head and Shoulders triggered but will it keep the momentum after Th and Fri reversal candles? Retest has already happened after Thursday’s selling, but anything can happen on a new week. Odd movement yesterday and is tightening up now.
NZDUSD Hit the 800 sma but hasn’t retouched TL, consolidation likely. Double top with divergence. Has retraced after yesterday’s long move.  Making an ascending triangle right now, but trend side looks tired and I still prefer the short for now.
USDCAD Tightening up around the 800sma Broke TL and retested it but seems to be tightening up still Wrapping around the 800 sma.
USDCHF Still stuck inside its stupid consolidation range. Divergence could drive the price up to 1.0661 What a mess.
USDJPY If this sticks to the downward channel it has chosen there could be further shorting Double bottom? Beautiful ascending triangle.  I’m leary until I see the fakeout first.

 

Here’s the printable version

I’m surprised by my faves today:  GBPCHF, EURUSD, and USDJPY

Comments

9 Responses to “Watchlist for September 1”
  1. JerryN says:

    Whoever was long GBPCHF witnessed a 145 PIP plus vacuum drop in 15 minutes when the US was sleeping… Now it has corrected with an anemic 50 PIPs or so…… Minutes before the crash it appeared ready to emerge above the box range around the 800

    Now what?

    jerry

  2. Triffany says:

    Now what, indeed! It really held to its consolidation area. With a fresh ‘wild swing’ I’m watching for a bounce, but if “RISK” remains the word of the day, I’ll take a break, too.

  3. JerryN says:

    That puppy is 9 days away from the 800 SMA on the 1 hour chart…. 4700 PIPs compared to an average of 255. I am willing to venture a little long…. with stop at 1.71540 – why not?

  4. JerryN says:

    I don’t know how many trade yards it took to bring gbpchf down 145 PIPs in about 15 minutes…. but a lot…. who? the Swiss CB?

  5. JeffreyR says:

    Maybe GBP Manufacture PMI ??

  6. Triffany says:

    Looks like the close of last hour was the trigger candle for a long.

    But going for the secondary high of the consolidation area w/ a stop below the lows gives about a 50 pip gain to an 85 pip risk.

    I don’t care for it too much right now.

  7. Triffany says:

    Everything today did the opposite of what I thought it would do today! EURUSD and USDJPY dumped instead of bounced. And the GBPCHF didn’t fire off a decent trade for me.

    Ugh. What is WITH the market these last couple weeks?!

  8. JerryN says:

    Triffany, you missed one! But, I have followed you long enough that your batting average is still in the major leagues…. so, we will hang together like a bunch of grapes and make good wine.. pardon the mixed metaphor Oh :(

  9. JerryN says:

    I am not sure where to post this… here or the comment slot above. I guess there is no webinar Wednesday. I could not find a link. and there was no answer to my email… Triffany may be sick??

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