Wednesday, November 30, 2011

check out the other blog too

http://ibankcoin.com/testicules/

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.

US/CAD:

Again looking at a weekly chart, it seems to be heading toward 1.0670* area for ...5x...at 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



EUR/US:

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 dropping...so 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

ranges

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