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

AUD/JPY Long @ 58.932 is up 200 pips

I was hoping for a lower entry but it never reached my target for that entry. I decided to go long seeing that the Aussie has been heavily sold. For now I'm long at the 59 area and I have locked in my profit stop.

This is now a risk free trade

EUR/USD Long @ 1.2606 is up 100 pips

This pair sold down nicely and I missed the short entry. This may be due to the growing EAST/WEST situation in EUROPE

It seems the Russians were comfortable with high oil prices but that comfort has turned into cold since oil is down and so is their bets based on it.

For now I'm long. And from here I'm in a good price - I would have preferred a 1.24 print but risked it and scooped it at 1.26

EUR/CHF: Long @ 1.48507 is up 30 pips

This pair took a while before it gained some positive ground. I was a bit leery of it when I opened it due to it's flaky price action. It has turned around and may be heading for a good north trek towards the 1.53 area. That is my target zone.

GBP/JPY: Short stopped out for 200 pip loss

This pair whiopped me out faster than I could shake a stick at it. Darned Pound! All is ok though as I have managed to scoop a couple of profitable trades to offset the loss

I am waiting for a better short entry price possibly near the 140 handle before going short again

Account Update And this weeks trades

This week has been a good one so far. I'm temted to close all of these trades to take the 8000$ profit's I managed to rack up

GBP/JPY: Long @ 130.709 is up 100 pips

After nice 500 pips short on this pair I have settled in for a long at the 130 handle. It is currently up and I have locked in 10 pips profit should it swing lower after GBP Data is released this week

GBP/CAD: Long @ 1.7723 is up 200 pips

After a Nice long on this pair I waited to get another good entry price. This price handle is not my preferred entry price as it is a bit mid range but I risked a long that has payed off so far. My entry price is 1.7723 and I have raised my stop locking in 100 pips profit - CAD data due out this week could drive this pair up - if it decides to retrace down I will get taken out with 100 pips profits - I will then look to go long again at a better price

EUR/JPY: Long at 113.74 is up 500 Pips! Stop Raised Locks in 200 pips profit

This long has been rocky and I'm only waiting for a break below. I am able to zero any risks associated with it since after my entry it swung up and I was able to lock in a stop. I am going to let this long ride out - There are event risks next week for the EURO and I will be keenly watching to see where this pair goes. I am more long on this pair than short. There is not much more downside to see on this pair as it as held this support level for several weeks and several tests. If you are not long you will want to wait for a price to end up near my entry or lower before going long.

Short @ 126-130
Long @ 112-115

AUD/USD: Long @ 63.08 is up 260 pips! Stop Raised to lock in 100 pips profit

This long has been open for a while and I have somehwat been absent from the markets as I have been renovating my home - A new look and a new comfort helps me think I'm comfortable.

I'm very comfortable in this trade as it was a very good entry price that is very close to the lows. My entry price is 63.08 and I have locked in 100 pips profit should next weeks RBA minutes cause it to swing lower

CAD/JPY Short @ 73.98 - Stop Set 200 Pips above

After a long wait I decided to go short on this pair. Mostly I went short to see where it will go before next weeks event risks unfold. I am bullish on CAD at this current time but the JPY is still benefiting from it's low interest rate and the mega money players are likely still borrowing it. For now I'm short until the market tells me different.

CAD has tried to reach the 80 handle several times with no success. - It's a bit mid range so this trade does carry more risk than usual.

EUR/CHF - Long @ 1.4862 Stop set 200 pips below

I am risking a long on this pair at it's current price. I'm not confident about this long as of yet since support is holding but is a bit weak in strength. The lows of this range come in at the 45's and if this trade gets taken out I will look for a long at the lower 45 level. Unless price break this support zone I will stay long - If it breaks this zone then we should see the lows retested at the 45's

AUD/USD - Long @ 63.08 is up 150 pips - Stop raised locking in 20 pips profit

After a very long wait for this pair to return to the lows my patience has paid off.

A long entry opened up near the bottom of the current range channel and I risked a long - 200 pips stop placed below has been raised to lock in 20 pips - I think this pair may head a bit lower based on data due out this week, that is why I locked in 20 pips profit - to avoid any losses from such price action

For now I'm long and if this pair swings lower I will look to go long again a a lower price

EUR/JPY - Long @ 113.74 - Up 200 + pips

I missed the short entry as I was actually going long - The timing was a bit early and I lost some pips to a lower price action but that is never a problem as there are plenty of good trades in the forex.

my preferred entry would have been a lot closer to the printed low of the mid 112's. I was patient and a good long price opened up. My initial stop was agan 200 pips below. I have raised this stop to lock in 50 pips it is currently up about 210 or so

GBP/JPY Short @ 130.08 - Up 180 pips! Stop Lowered Locking In 50 Pips

Sorry to be a bit absent I am renovating my home and it's taking a lot of my time

I am still managing to make some trades

This is a short trade on GBP/JPY it's currently up 180 pips or so and I have locked in a 50 pip profit stop I'm very bullish on this pair after price reached the 118 level! But... I was renovating and I missed the long entry - I was even taken out on a previous couple of longs.

For now I'm short on this pair and I'll stay that way unless price action whips me and tells me the direction is opposite