USDCAD 11/8/10

USDCAD
staddle:

Long: H4 candle must close above 1.0050-1.0080 area

Short: alarm: Close below .9975

GBPCAD 11/8/10

GBPCAD

short alarm: 1.6125
target: 1.6000

Weekly Trenelines @ significant level.

Daily Ascending Triangle

long term short alarm break: 1.5960-1.600 

long term buy alarm break: 1.6480-1.6500

20-10-2010

Drill down sheet 10-14-2010 (or for Medi 10-15-10?)

Addendum to Peter's session

I think I wasn't explicit enough with the rules and wanted to make sure it was clear for people. You want a close above the most recent up fractal if you are going long. You use the most recent down fractal for a stop. Hope that makes it more clear for everyone.

Don't know if you guys were in Peter's session tonight or not. It was excellent. He drilled down 19 pairs in less than 5 min. The only trade he found was the AUD/USD. He looks only at the day chart. He says 3 entry possibilities on any pair - 1. close on the day above (or below if going short) the last fractal. AUD/USD fits this criteria (although not on accucharts). 2. breakout of consolidation. or 3. FAS outside of consolidation. He says you can enter the trade any time within the first 2 hours after the close of the day's candle. Place your stop 20 pips above or below (depending on direction fo trade) the last fractal. So for this AUD/USD trade, the stop goes at 0.9745. When a new fractal forms, that is when you move your stop up.




He does a session every other Wednesday night and for now it's free. Next time he is going to talk about headroom.

EURJPY 10-11-10

EURJPY : straddle?
long:115.70 (above W1 trendline)
Short: 113.00(price below river on H4)
Analysis:
W1: overall downtrend; current slight uptrend; still below river
D1: strong uptrend, above river

H4: Uptrend channel break;