Tuesday, November 4, 2008

Closed the NZD/USD short for -23 points, broke out North against me.

Reversed the trade and went long, 5k size, at .6060. S/L set below the top of the old range...see if we can get this thing moving up.

Short NZD/USD again...

...playing the triangle/wedge we have going here. Looking for a break below...
Went short for a quick 16 points...turned around for a false break.  I'll keep watching.

Also...NZD/USD


Possible triangle setting up...some support at the 38% of the recent ride up.  Looking to see a test of this support and then break to the upside, on to make new highs.

Folllowing up on that AUD/USD triangle that was setting it up...looks like it failed and I'm on the sidelines with that pair for the time being.

I'm watching the USD/JPY as we have a nice upward trending channel going and I believe we will peak above 100 again tonight/tomorrow.  Right now I'm trying to score an entry below .995, close to the upward moving trendline.  This trade will be a smaller 3k lot size as I want to allow for a larger stoploss, below .984.

Setup on the AUD/USD

Triangle breakout setting up...will need to break above resist (double top) @ .7 or may see some retrace to the downside...I don't think I'll be able to play this though, looks like it will blow in the next hour or two.