i had a short last night at around 1.607. barsteward hit my stop at 1.61 today though. i would have made a cool profit had i set my sl just a smidge higher. oh well. i think im going to stay out of the market for a while as it is ver uncertain.
Hi TWHM, yes the market is rather whacky. Watching the 1.6000 level to see whether we will get a close below. I had my last short added at 1.6108. Will see where we are at later. Just checking the trade on my phone for now. We seem now to be stuck between 1.6200 and 1.5990 so we may be in a range waiting for a solid break.
Sell to bottom of range…Buy to top of range…repeat as long as range holds. 
Made a tidy profit on the USD/JPY last night at japan open. went long on speculation that international intervention would push the rate back up. got in at around 79.4 and took profits at 81.4. not bad for an hours trade… I am watching a retracement around the 11% mark atm. but its friday and i dont want to be in a trade over the w/e.
Currently still watching the GU but im not very experienced at all with ranging (and ive made some bad calls on them before) so i will use a breakout strategy. I am still leaning towards bearish, but after japan sorts its self out, it may be back on the bullish side of things.
GM All, Hope you had a restful weekend and are now ready for another good trading week.
The GBP/USD is still playing this daily long setup. Immediate resistance at 1.6275.
http://img853.imageshack.us/img853/3418/gbplong.jpg
Price is now fighting to close above Friday’s high 1.6254.
[B]Active Trades[/B]
http://img18.imageshack.us/img18/6782/rightgu.jpg
The 89% is now acting as support. Stops now at breakeven. TP @ 1.6395. Caution must be taken at daily early tp levels should we get there.
Profit taken at daily Early TP1.
BE Hit on Short, Longs continue…watching 89% level on daily for BUY continuation setup.
Short again on GU. Support at daily 89% 1.6300.
30M Short Holding, now H4 has triggered a short setup.
Stopped out on Short and missed my long entry at 1.6300. So now its a wait and see for the next setup. Anticipating reversal around 1.6450-6500. Weakness likely around 1.6400.
Watching this short setup on the GBP/USD 30M Chart.
http://img101.imageshack.us/img101/8449/gbp30short.jpg
Short here! T1 first.
Rushing so much and forgot to post this one…EUR/USD 30M.
http://img402.imageshack.us/img402/5411/30meur.jpg
Thing with these is that they start setting up on the smaller TFs and then follow through on the larger, H1, H4, Daily etc. Particularly when larger moves are coming up.
Our GBP/USD and EUR/USD Shorts are going great and have triggered on all timeframes.
[B]GBP/USD[/B]
[B]EUR/USD H4 PVSH SETUP[/B]
Great place to enter/add to your shorts.
Profits taken at T1 on GBP/USD.
Profits taken at early TP 2 on EUR/USD.
GM all. Closed my last trade for the week this morning on GBP/USD. Have a great rest of week and weekend.
[B]GBP/USD H4[/B]
Note that the 11% buy triggered on the 5:00am EST candle so the current candle may not reach that low.
