Watching for EUR shorts/USD longs

I'm keeping an eye on EUR/USD for the next chance to get short and/or long with USD/CHF. Excellent TL + S&R coming our way.

USD/CHF below



EUR/USD below

Keeping an eye for EU for shorts

Watching EUR/USD for a chance to get short OR play the breakout of the current downtrend.

EUR/USD and USD/CHF Watch List for December 9 2009

Watch list tonight...

EUR/USD for a short 1.48 - 1.485. I'm trying to pay more attention to price action and enter only after the level has been touched and a candle indicates that price is ready to react as I expect.



USD/CHF - same trade as the EUR/USD, looking for a bounce off 1.02



Also, keeping an eye on the USD/CAD for an opportunity to get short... Will need to keep an eye on the EUR/USD for general USD strength as I will want my USD/CAD short to correlate with a EUR retrace.

USD/CHF

Shorted this end of the day Friday, closed this afternoon for +15 points.

End of the week

No new trades. My blackberry was screaming at me this morning as call alert after call akert went off with the employment news. Will start looking for opportunities to buy eur next week, would like to see it a little lower before I start longing. Watching TL for breaks as well...

U/CAD Short Update

I wasn't available to watch the charts when price approached my 1.0535-40 zone but caught it on my blackberry. No entries. Looks like price pushed the 38% price zone up to the 50% price zone where it then reversed, for 60 points.

Right now, I'm keeping an eye on the EUR/USD for a trend line break.

USD/CAD 1.0535 on the watch list...

Watching USD/CAD for a short at 1.0535

Trend (with lower lows), S&R + 38% fib and a sort of inverted H&S formation...kind of :)

GU Longs, EU Shorts

GU longs closed at +5.

EU shorted on TL break, first position at 1.5053 and second position (x2 the first position's size) at 1.5063. Stops at 1.5083, TP 1.5010

Closed first position at +20 and second at +30.

Screenshot below shows what I was looking at when first entering...

GU Trade Update

Closed 1/3 of short at +20.

Remaining 2/3 still on, no SL adjustment yet.

GU short 1.6624

SL 1.6657, TP 1.6545

S&R, TL

USD/CAD Short Update

Closed original short out at +15.

Closed 1/2 of second short at +30.

Remaining 1/2 of second short stopped at BE.

Watching USD/CHF for an opportunity to get short.

Added another U/CAD short @ 1.0445

USD/CHF triangle, looking to get short for USD breakdown

Keeping an eye on USD/CHF for a another opportunity to get short, if we can't break down below this morning. 1.0035-1.005 is what I'm thinking...However, with equities rallying over +100 this morning, I would have expected USD to be tanking and making ways for new lows.

U/CAD stopped for -20, Short 1.0427

Shorted USD/CAD with one small position at 1.0427, stops 1.0477, looking for a nice move down, will continue shorting as we move up.

USD/CAD, long 1.046

Long U/CAD, 1.046, stops 1.044, TP set at 1.0535

TL, S&R and 61% fib from Oct 15 lows to Nov 2 highs.

A break of 1.04 = resumption of downtrend...but I'm not so sure it's ready to do that yet.