Taking it on Yen

Here are my long trades from yesterday. I did not wait for my target to get hit its Friday and that zone marked in light blue can stall the price before it can proceed . If that happens I have time to enter again but for the meantime I'll enjoy my weekend :o)

USDJPY, Daily bought @98.116

Sold @99.207 for a gain of +110

CADJPY, Daily bought @95.596

Sold @96.716 for a gain of +112

Watchlist for April 8-12

Will be watching the following pairs:
AUDCHF, Daily for shorting opps

AUDJPY, Daily for long retracement

AUDNZD, Daily for short

CADJPY, Daily for long retracement

EURJPY, Daily for long retracement

GBPJPY, Daily for long retracement

GBPUSD, Daily for long retracement

NZDJPY, Daily for long retracement

USDJPY, Daily for long retracement

AUD trading in range

The lite blue shaded resistance or zone has been tested before we will see if price will once again reject and comes back down. We are in a range since October 2012. Looking to short below last Friday's low.

Good luck peeps!!!

Edited, Monday, March 25 at 7:19AM: Ouch!!!

The sell order was filled AUDCHF but price went up last night to once again test the previous resistance marked on the above chart. This action got me for -30

Watchlist for February 11-15

Disclaimer:
Educational purposes only not a recommendation to anyone. This is based on my trading style and experience.

EURUSD, Daily
Stalking we will see how price behaves this week.

EURJPY, 4H
Two layers of support waiting for price to test. Longer term trend that begun November 2012 still intact

EURGBP, Daily
This pair broke the weekly resistance in a compelling manner. Waiting for a retest of previous support now resistance. Possible short ops.

AUDJPY, Daily
Waiting for price to kiss support and give us probable directional hint.

CADJPY, Daily
Two layers of support. I prefer the retest of the lower one that would definitely shake the weak hands a better place for the bulls to pick up the pieces. Don't believe me I'm just a very small fish in this very deep ocean so I must be crazy hahaha

NZDJPY, Daily
Previous trend well intact waiting for a much deeper correction to gain more strength propelling upside similar to a stretched rubber band effect.

USDJPY, Daily
Same here the US Dollar looks like it will test a more stronger support that would be personally preferred but price is king so we just have to watch. Appreciate the dance and join in when the time comes.

AUDNZD, Daily
Looking for a swing trade. Buy stop order placed @1.2370 traded with small units only.

Edited Monday, February 11, 2013, 7:02AM:
Cancelled the buy stop order for now. Not yet ready imo.

Good luck trading this week. :o)

From Februay 4-8 Watchlist

Limit order to buy EURJPY, H4 was filled last night @125.699. This is pullback continuation. Another buy limit order has been placed @126.000

Edited Wednesday, February 6, 2013 at 7:17AM:
The paper profit on this particular trade have exceeded 100 at one time, I thought I could let it run more "greed" :o) so I initiated a trailing stop manually of course. Last night the stop was hit @126.44 a gain of +38 less than half of what it should be but that's ok.

This is the beauty of trading anything can happen you never know you can guess all you want, you can be right or wrong. One thing is sure you must always protect your capital.

Limit order to short AUDNZD, H4 filled @1.2340 another pullback continuation based on the prevailing trend. Congestion below might cause price to stall a bit. It will be watched.

Edited Wednesday, February 6, 2013 at 7:39AM

AUDNZD, 4H short still on the move. Stop point  red dotted line has been adjusted to protect gains.

Edited Wednesday, February 6, 2013 at 11:35PM

Stop point  was hit early today got out @1.22750 for a gain of +26. Price came back up strong as evident of that wide range bar..

Edited Tuesday, Febraury 05, 2013 at 8:54AM PST:
Waiting for the opportunity to short. GBPUSD, Daily

Edited Wednesday, February 06, 2013 at 7:46AM
No much action but its getting closer. Keep on waiting.

Watchlist for February 4 - 8, 2013

Disclaimer: 
Educational purposes only not a recommendation to anyone. This is based on my trading style and experience.

The EURO, AUD, and NZD continue to shine while JPY and GBP are weak. Waiting for price action to get in the following with confirmed PA:

EURUSD, Daily
Wait for pullback

EURJPY, Daily

Wait for pullback

EURGBP, Daily

Wait for pullback near or at support. Looking at 4H will also help. If this does not make sense leave it alone.

EURNZD, Daily

Testing support no more hurrying let the market do its thing and then join in the fun :o)

EURAUD, Weekly

Inverted head and shoulder stalking the daily for a chance to get long. Support zone should be respected by price staying above the line.

USDJPY, Daily

CADJPY, Daily

GBPJPY, Daily
Wait for retest of support.

AUDJPY, Daily
Nice consolidation area wait for its retest.

NZDUSD, Daily
Testing the breakout area. Stand aside for now and watch for further hints.

NZDJPY, Daily
Beautiful looking uptrend. Not buying yer.

AUDNZD, Weekly
Aussie broke the longer term support now turned resistance. Wait and see.

GBPUSD, Daily
Bounced from the daily support however it ended the week kissing back support. This support level needs to be broken convincingly there are lots of traffic to the left which can slow down the prevalent momentum. Anything can happen so we will take it one day at a time.

GBPCHF, Daily
Broke first layer of support. We will wait for price to lead the way as usual. If price kiss the resistance (lite blue box) and give a nice PA. We will enter short.

Goodluck to all of us and trade well!!!

Missed Ops from my Watchlist

Watchlist update for the week of January 28 - February 01: EURAUD, Daily missed the pullback to support.

AUDCHF, 4H missed the pullback to resistance and formation of 2 bar reversal

Oh well, I'm sleeping at the switch :o)

Watchlist for Jan 28- Feb 01

I'm watching these FX pairs for next week. Disclaimer: Not a recommendation to anyone. This is personal for me based on my trading style and experience.

AUDCHF, 4H -The Aussie has been experiencing a down trend against CHF and NZD will be waiting for retracement and price action (PA) near or at resistance level.

AUDNZD, Daily

GBPJPY, 4H - Possible reversal to support, be extra careful volatile. Trade small units or not at all if you are not familiar with trading reversals.

The following FX pairs has potential for long trade opportunities. 

EURGBP, Daily - Price is within the weekly resistance level. Watch for price as it may stall in this area. Note that this pair has been on tier lately a nice PA formation in the support level marked below is an opportunity to get long.

The EURO is showing strength against AUD and JPY. Broke out last Friday, I'm waiting for a pullback with good price action to get in.

EURAUD, Daily

EURJPY, Daily

These charts are telling us that the Japanese Yen is still weak compared to its Commodity Dollar counterparts.

NZDJPY, Daily - You can see even in the partial chart graphic that NZD is in an uptrend. The blue box indicated the Kiwi took a breather before breaking out higher. I consider that trading action in favor of the bulls. BTW, the note says waiting for retracement look for PA maybe in the 4H chart.

AUDJPY, 4H - Possible retracement back to the breakout point. AUDJPY daily chart is quite similar to NZDJPY daily chart although in my opinion I like the NZD better.

USDCAD, Daily - Broke out. Waiting for retest of support level blue line.

USDJPY, Weekly chart we've seen the US Dollar ripping out the Yen for quite sometime actually since November 2012. It is now facing its weekly wall of resistance. Watch closely as we approach the area with the blue lines. Remember price does not need to touch these lines. It can reverse near the zone or go straight into it like a spear. Just be careful with this pair.

Goodluck my friends.