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EUR/CAD: Long @ 1.5843 Is up 60 pips

EUR/CAD is hovering around the recent range lows and has not been able to move above it. I'm long in here risking 200 pips. My current position is up 60 so I'll leave it open to see if it gains northward ground. I am expecting a bit more CAD strength due to the recent bullishness of oil.

Should I lose this stop I will go short with a target towards the 148's USD/CAD will be a good indicator to help sort out direction

Trade Alert: CAD/JPY Nearing the top of range - Looking to short

CAD/JPY like EUR & GBP & USD and all other Yen pairs has had a good run north of the lows. The forex is so organic it's hard to tell where prices may go - I'm thinking this pair may run out of steam soon and if it does i'm going short up here I'll risk a short until this resistance zone breaks upward. This Yen weakness may be the BoJ intervening - nonetheless I'm a bit shorter here until the market tells me different. I'll risk a short at the 80 level - probably lose my stop at 82 if CAD strength continues - I'll be watching the USD/CAD & The EUR/CAD & The GBP/CAD for help in deciding direction

EUR/JPY: Short may be brewing - Waiting for 130

EUR/JPY has had a nice run towards the recent highs of 130 the closer it gets to 130 the shorter I am. Overall i'm more bullish on this pair but given the recent sideways action of this pair it's ranging in a 2500 pip range. It is currently near the top of that range and I'll risk a short at 126-128 zone. If that stop gets hit I will risk another at the 130 zone. If 130 zone breaks above I will look for a pull back to go long and hold with a target of 140-150

GBP/JPY: Short @ 140.433 stop taken out for 100 pips profit

GBP/JPY pair has climed 2000 pips since it hit the lows of 118 - I went long at 120 and closed far to early at 136

At this price level I'm still more long than short but just not at this level. We are at a critical price point here at the 140's should this resistance zone hold we may see this pair fall towards the 130's.

Overall i'm long on this pair just not right now. I'm a little short here preferring to limit my risks of a downside movement.

GBP/JPY Short @ 140.443 is up 200 pips

GBP/JPY Pair has had a nice run up from the 120 area My longs have been closed and darn I closed way to early (136.83) Patience is key and I was happy with 1000 pips profit booked

Now I'm going to allocate some of those pips to playing the short side.

The MACD and Stochastics are turned and this pair may be heading back towards the middle of this range. My thoughts are the 130's area. If this downtrend is to reverse it will likely happen in this zone (140's) somewhere.

Play the short side until the market tells us different. For now I'm short and my trade is up 200+ pips

1200+ Pips Profit Booked

My apologies folks for my tardiness - My basement Renovation is still ongoing and I have been busy but... I have been able to make a few trades and today I'm posting some profits booked

here are the pics

Total Gains for Feb 19th close $12312.00

Not to bad for a weeks work

I will now wait for some additional entries on my favored pairs.

GBP/JPY Short nera the 140 zone
EUR/JPY Short near the 126 zone
GBP/CHF Short near the 1.70 zone
USD/CHF Short near the 1.20 zone
GBP/CAD Short near 1.85 zone

EUR/USD Long near the 1.26 zone
EUR/CAD Long near the 1.57 zone
AUD/USD Long near the 63 zone
NZD/USD Long near the 46 zone

Keep your eyes open and wait to time your entries

Will post any new trades when I make them

Happy pip hunting

GBP/CAD: Long @ 1.7723 is up 300+ pips

This long is still haeding north of my entry and I'm thinking of closing it near the 85 area. I have my stopped locked in for profits and will let it ride for now. Should it swing lower I will take profits and look to go long again at a lower price.

EUR/JPY Long @ 116.688 is up 300 + pips

My long is still in play on this one and i have locked in a profit stop I will let it ride out and see if it heads toward the 126-130 area. There is 1000 pips potential in there