I think that since most of the majors broke out against the dollar this week ... if it is a solid and true breakout, then it is very likely that the dollar will close at/near the low of the week against the majors. I can see GBPUSD easily taking out ...

VWVB Daily Chart Analysis

Forexmike, If you look at the weekly charts on all of those pairs that trade against the dollar that you listed above, the $ brokeout to the downside. I would move your stops to b/e at the very minimum, and also consider taking partial profits. I ...

VWVB Daily Chart Analysis

EZ's trades — From 4/18: Bought USDCHF 1.2679 Shorted GBPUSD 1.783 Bought EURCHF 1.5648 in the morning Today: Sold USDCHF 1.2795 (+116 pips) bought GBPUSD 1.775 (+55 pips), and also covered an add at 1.792 for +170 pips Sold EURCHF at 1.574 ...

VWVB Daily Chart Analysis

VWB trades initiated 4/18/06 in the evening — Bought USDCHF 1.2679 Shorted GBPUSD 1.783 Bought EURCHF 1.5648 in the morning Momentum divergences on 1 hr charts and 15 min charts keyed me in to enter here ... lets hope not too early!

VWVB Daily Chart Analysis

Cut AUDUSD -5 pips, out USDCAD long +0 pips Sold EURAUD about even overall. Shorted USDCAD 1.1496, as well as USDJPY at 118.46. CURRENT POSITIONS: short USDCAD 114.96 long EURCHF 1.57 long EURGBP 0.6923 short GBPJPY 207.76 short USDJPY 118.46

Lost in the Tunnel...

Out USDCAD 1.1464 at 1.1518 ... stop at B/E at 1.1503 position. Not so sure about price action here ... Short GBPJPY at 207.76. It is at weekly downtrend line, and also at 144 fib, and showing a negative momentum divergence on the 4 hr chart. Could ...

Lost in the Tunnel...

Actually, it is a bit more effort to watch many pairs, but worth it. If you see for instance, JPY getting strong across the board against USD, GBP, EUR, CAD, NZD, etc, and AUD looks toppy against its pairs, then AUDJPY should be a great short for ...

VWVB Daily Chart Analysis

I don't find it hard to monitor so many pairs. On the contrary, it leads to more opportunities ... You do have a good point about the risk. I try to diversify positions. For example, short AUDJPY, short AUDUSD, and long EURAUD is essentially all ...

VWVB Daily Chart Analysis

EZ's Vegas trades — Here is what I am holding now, based off of Vegas system ... just added to USDCAD long at 1.1503. Stop moved to B/E on original entry. CURRENT POSITIONS: long USDCAD 1.1464, 1.1503 long EURAUD 1.6682, 1.6591. short AUDUSD ...

VWVB Daily Chart Analysis

trade update — just added to USDCAD long at 1.1503. Stop moved to B/E on original entry. CURRENT POSITIONS: long USDCAD 1.1464, 1.1503 long EURAUD 1.6682, 1.6591. short AUDUSD 0.7332 long EURCHF 1.57 long EURGBP 0.6923 short AUDJPY from all ...

Lost in the Tunnel...

Out half of AUDUSD at 0.7270 (+63 pips). Stops to B/E on other half. I exited early because I am too heavily in AUD imo ... wanted to lighten up a bit. Looks like AUD is starting to fall off against all currencies. limit order got filled in ...

Lost in the Tunnel...

To determine momentum, I am just using a momentum indicator with a 8 period lookback on the 4 hr chart. For instance, looking at USDCAD, price made a lower low, but MOMENTUM made a higher high just recently. Also, USDCAD is at the -144 fib. This ...

Lost in the Tunnel...

Basically, I did looked at the momentum on the 4 hr charts, and saw a divergence. This was confirmed on hourly charts, and on 15 min charts. I think my USDCAD entry is pretty solid ... 1.14 is good support. The EURAUD was a bit early, but I think it ...

Lost in the Tunnel...

Back to the Vegas system ... — Back to the Vegas system ... AUDJPY, USDCAD, and EURAUD all look like good candidates. I'm long USDCAD from 1.1464, and short EURAUD from 1.6682 (too early entry), and 1.6591. Also shorted AUDUSD at 0.7332

Lost in the Tunnel...

Vegas trades: Long USDCAD from 1.1464 Long EURAUD from 1.6682 (entered way too early) and 1.6591 AUDUSD and AUDJPY can be shorts also ...

VWVB Daily Chart Analysis

EURAUD entry — buying EURAUD here at 1.6682 ... looks like a good VWB candidate

Tunnel Vision. Independent Signals & Positioning Recommendations.