Watchlist Updates for Tuesday, August 17, 2010
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 1.29 will be a fresh move for the pair to old retracement levels, first 1.3, then 1.31.
I’m watching the G/U for either a bounce off of 1.5620 or a close below on the 1h chart.
The N/U 1h hour double bottom yesterday worked out great, but is divergent right now. Area of indecision is .7115 to .7085 for me.
U/CAD was a clunker…I’ll wait for a fresh break of the 800sma consolidation on the 1h chart.
What are you watching/trading today?
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 
where is your EJ trigger?
A 1h close above the 111 for the double bottom, or below the 109.30 for the descending triangle.