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;

USD/CHF
10/11/2010

Weekly
Down - good angle and separation for quite awhile
Daily
Separation, starting to go sideways, below the river
4Hr
Basically sideways, forming an ascending triangle
Alarm - looking for the pullback to turn back into the trend (short) with a fresh cross
0.9550

EUR/USD

10/11/2010

Week Chart: Strong angle and separation to upside. The 5EMA has crossed the river.

Day Chart: Still strong separation to upside. Angle is at 3:00. Definitely taking a break in its upward march. We are way above the river.

4 Hour Chart: FAS (3bars) to downside. Pullback happening. Look for FAS to upside to get back into the trend.

Price alarm: 1.4000.
Next Resistance: 1.4577
Pips potential: 500 - 600 pips.

10/7/2010 7 PM ET Drill Down Results

EUR/CAD - Crossed warning level. Ready for entry after checking heatmap.
EUR/CHF - Crossed warning level. Ready for entry after checking heatmap.
EUR/GBP - Crossed warning level. Ready for entry after checking heatmap.
USD/CHF - Possible sell. Price alarm 0.9555 and then no more support below that.
USD/CAD - Possible sell. Price alarm 1.0060. Next support at 0.9955. 100 pip potential.
GBP/CHF - possible sell. Price alarm 1.5300. Next support 1.5180. 120 pip potential.
EUR/JPY - buy. Price alarm 115.35 but next resist is 115.70 so could wait for that then get in. Next resistance after that around122.50. Good pip potential.
AUD/JPY - watch for break in consolidation. Wait for buy alarm at 81.80. Next resistance at 84.80. 300 pips potential.
CHF/JPY - possible buy. Wait for price alarm at 85.20. Next resistance at 86.40 then 88.02. Inital pip potential of 120.
GBP/CAD - possible sell. Oscillating on the daily chart. Lower highs and lower lows for past week. price alarm - 1.6125. Then 1.600. 125 pip potential. Possible buy -1.6200.

10-7-2010 1 PM ET - Updates

EUR/CAD crossed alarm level.
EUR/CHF crossed alarm level.
NZD/USD crosses alarm level. Went up and retraced.
USD/JPY crossed alarm level.
EUR/GBP crossed alarm level.
GBP/AUD crossed alarm level. Went down and retraced.
GBP/CHF crossed alarm level. Went down and retraced.

10/6/2010 - 7 PM ET -

EUR/JPY Crossed alarm level and trend line on weekly.

AUD/JPY FAS on 4 hr. but still below the alarm level.

GBP/CAD FAS on weekly but still above alarm level.

10/6/2010 - 12 noon

GBP/CAD crossed alarm at 1.6068 and has FAS on day chart.

NZD/USD crossed alarm at .7538 but retracing.

RAdar 10/4

EURGBP : long

buy alarm .8730

• W1: FAS; cross river up
• D1: A&S uptrend, above river, river has a fress cross
• H4: FAS; above river

EURCHF: straddle

buy alarm:1.3470

sell alarm: 1.3260

• W1: down trend below river
• D1: down channel, uptrend retraced back into river; Candle must close above or below trendline to confirm direction
• H4: Up channel, above river:

Drill down radar 10/3

AUDNZD:

Buy alarm:1.3175

Parity=1.3230

Analysis:

• W1,D1 has A&S above river
• H4 hit river; looking to bounce back in uptrend
• looking for FAS on the H4

AUDJPY:

Buy alarm: 81.40

Analysis:

• looking for FAS on H4
• W1 inside the river
• D1 above the river w/ recent river(50,100EMA) cross
• H4 must close above river for trade confirmation.
• Possible rectangle retest if price breaks R level

 NZDCHF:

 good paper short now off H4 FAS

sell alarm: .7140-50

• W1: both EMA's crossing& leaving river
• D1: down channel below river
•  H4: FAS bounce off river

EURNZD:

Buy alarm. 1.8600

W1: Strong downtrend; below, possible DB; currenly going up

D1: uptrend above river w/ A&S

H4:Consolidating, looking for FAS back up

GBPAUD:

Sell alarm: 1.6200

W1; downtrend below river

D1: downtrend below river; currenlty consolidating

H4: downtrend below river: retracing up to river; looking for FAS and/or slingshot down

EURJPY:

Buy alarm: 114.25-114.50

W1: downtrend; FAS up(512W this week), at top of downward trendline

D1: A&S up, Crossed River to upside

H4: retracing off up channel: looking for FAS up

 Minor radar:

USDCHF: sell alarm@.9700; H4& D1 must clost below

AUDUSD,NZDUSD,EURGBP,&EURUSD,: looking for the next h4 FAS to go long

AUD/CAD 10/4/2010
Weekly and Daily trends are both strong. The 4hr chart has now shown a good pullback - also bouncing off of the top of the River on this chart.

Price alarm: 1.0025 or a strong FAS on the 4hr with heatmap confirmation.

Sunday drill down Radar

Currency Radar for the week of 10/3
USDCAD: short, Short term S=1.01; Long Term S =.9930
EURCHF: watch D1 river
GBPCHF: descedning triangle on the 4hr(240min)
AUDCHF: draw chart patterns
EURGBP, EURCAD: wait for 4h pullback for long entry
EURJPY: W1=FAS, paper long(512W trade)
AUDJPY: close to  significant R level
CHFJPY: 4hr down channel
GPBCAD, GBPNZD: 4hr,D1 upchannel break
AUDCAD: 4hr FAS long radar

GBPCHF 9/30

Pair in a strong downtrend.

 USDCHF near parity, 

GBP pulling back a little.

price alarms set @ weekly lows of 1.5350

Current FAS (or maybe bounce) on 4hr

Question: How to play the pair? Slingshot(during or even before price alarm)? How to put a target if enter? Target the low price back in early 2009(1.5120)? Should we looking for a buy opportunity instead?

GBPJPY 9/30

GBPJPY

plan: Short

Analysis: River trade

• Weak JPY; GBP retracing off strength
• W1: in a downtrend.
• D1:

1. in a downtrend; 
2. retested river(100 EMA) & reversed; 
3. fress cross leaving the river (downward)

• H4 

1. strong angle & separation down;
2. 5&12 EMA's leaving the river

Plan:

Stop Loss=   134

Target #1=128

Target #2= 1.26.75

Question: h4& D1 chart is it a bull flag?

EURAUD

plan: Long

Analysis:[Candlestick charts]

• W1: strong downtrend; currently pullin back, price action broke (candle) lows from early May & late June of this year.
• D1: channel uptrend after massive downtrend, still below the river
• H4: Uptrend currently retracing; previous retracement cycle seems to bounce right off the river....looking to go up. Possible bull flag, looking to break to the upside.
• Currency: EUR seems in a strong, not much retracements lately, seems like most traders are long EUR & holding w/ low amount of profit taking.  Most EUR pairs still have away to go in terms of EUR strength[such as EURUSD & EURGBP].  AUD been strong, but seems to be over bought.  Few pairs are @ significant highs(or lows) in terms of AUD strength[such as AUDUSD, AUDCAD]. Possible time for AUD to sell off a little while EUR strength might continue.

Looking for a bull flag break on the H4, maybe watching if candle closes above 1.4050, if not buy alarm @ 1.4100 w/ heatmap confirmation. Slingshot is great, but not necessary.  EUR strength or AUD weakness should be good. 

Stop Loss: 1.3950 (but watch for H4 cross)
Target: 1.4400 area & above