Wednesday, November 30, 2011

check out the other blog too

Trying to stream-line the process and get both these blogs updated at least once per evening for over-night trades. NFP week is usually a short week for me but so far the trades keep lining up. I think this last Long US/JPY will be my last until next week.
Who knows...every time I think I'm out...I get pulled back in

Thursday, November 24, 2011

The Longer Time Frame

Pulling up monthly and weekly charts, putting things in perspective. I don't trade from these times but I do use them for reference when bombarded with daily/ minute by minute doom and gloom reports.

First up is AUD/USD :
 On a weekly chart we can see a  past triple top that should give us support around .9370* and would also create a double bottom.
RSI, MACD signal lines and STOCH'S seem to support this target as well.


Again looking at a weekly chart, it seems to be heading toward 1.0670* area for least
Looking at the indicators: RSI, STOCH, MACD still climbing with the 50 sma flatish...hooking upwards ever so slightly...keeping an eye on that


Monthly chart...we are about half way into this descending channel...NO it's no guarantee it will follow the path down but once we break that center line...the odds get better.
Like I stated earlier, few of us trade from a long time frame, it's just something I keep an eye on.

at present I am long  US/JPY and will add smaller positions if it drops...REASON: INTERVENTION

I am also taking longs off the 50 sma with the US/CAD...30m and 1H charts

Tuesday, November 22, 2011

The watch list

Only 2 I'm really watching at the moment for possible short.
EUR/JPY any pops to 104.30 range and I'll be looking to short (trade as I see fit when moment comes).
So far momentum is fading, looks like a drop may happen

Also, keeping an eye on EUR/CAD
Weekly trend line around 1.41, if price reaches 1.4070's+ then I'll be looking to short. At this point I'm not getting a strong signal that momentum is fading...slowed but not far.

*hanging on to a US/CAD long as 50sma still rising and price keeps bouncing off the line...will it break previous tops upwards? (*1.0410)...we wait

Monday, November 21, 2011


Watching these 3 : EUR/JPY, CHF/JPY and EUR/CHF, all 3 showing 50+ pip moves.
Charts are 1Hour sectioned off 24 hours