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This week has seen a lot of ranging on many pairs. Now towards the end of the week there seems to be enough movement for me to be able to post some trade levels. I have some levels on both the EURUSD and USDCHF. At the time of this post the EUR is at 1.5560…
USDCAD The CAD has made a nice effort to make it down to my previously posted level at the .9920 area. While .9970 gave it a tough battle for a while it was able to squeeze lower to .9940 missing the lower buy area by 20 pips. The .9920 area still remains valid but I…
USDCAD At the time of this post .9970 seems to be holding this pair from a push lower. If we get a break of .9970 the next level I will be looking to add buys is around the .9920 area. As with all postings on this combo I will stress caution and measured risk as…
USDCAD Yesterdays posted level on the CAD of the 1.0019 area, give or take 5 to 10 pips, for buys has paid out nicely. The low yesterday was around 1.0023 and made a recovery back to the 1.0090’s. This combo can be a tricky pair to trade and congratulations on those that took advantage of…
GBPUSD As we begin a new week new Bank Flow levels begin to emerge. The first level I would like to post this week is on the GBPUSD at the 1.9723 to 1.9735 area for sells. This area should provide some resistance for an intraday target of 40 -80 pips. For those traders that can…
As you can see in the chart below, the level posted earlier on the USDCHF at the 1.0387 area has held and the pair has now moved to our intraday target levels and beyond for a minimum of 40 pips. If you continue to hold this trade, be sure to lock in profit to avoid…
It has not been an especially active week for posting trades to this forum. We started out the week with a bang with 178 pips captured. However, since then I have not been comfortable posting any new levels. If you have spent any time at trading currencies you know that overtrading can be your worst…
EURUSD Update: Yesterday on the EURUSD I posted the 1.5578 area to watch for sells. The level was hit with a short spike though and has now fallen nicely to 1.5470. Where it would have been nice to take the full run our intraday target of 40 – 80 pips was met and the trade…
This week I will be watching the EURUSD and the USDCHF. Both pairs are taking a pull back from last week’s run. EURUSD: On the EURUSD the level to watch is the 1.5578 area. Any rally’s back higher I will be looking to short the EUR in anticipation of dollar gains. USDCHF: As with the…
So far this week we have been able to capture 125 pips with the trades posted to this forum. With one loss and three wins we will be cautious going into Non Farm tomorrow. Here are the trades and totals that were suggested this week: 4/29 Buy EURJPY at 162.36 -30 pips 4/30 Buy EURJPY…
Update USDCAD: Current Price: 1.0150 at 8:40 EDT – The CAD came within 10 pips of the buy level posted earlier at 1.0025 to 1.0035. I have seen reports of some traders jumping in this a little early and capturing 40 to 50 pips. Congratulations on those that participated in this trade. EURJPY: Current Price…
Update USDCAD: Current Price: 1.0141 at 11:00 EDT – This pair continues to range today between 1.0170 and 1.0110. I will still watch for these levels. 1.0025 for buys and 1.0225 for sells. Be aware that this pair has a tendency to spike through levels without warning. A good risk management plan is essential when…