Wednesday, January 19, 2011

SOME TRADING TIPS FROM THE WORLD

EUR/USD: Long through 1.3525 for 1.3730, where we would reverse to short or on break below 1.3425

USD/JPY: Short through 82.29 for 81.26, where we would reverse to long or back above 82.76

GBP/USD: Long for 1.6090, reverse to short here (stop/reverse above 1.6011) or through 1.5868.

USD/CHF: Short at .9605 for .9506, where we would reverse to long (reverse short below .9479). Exit to flat above .9666

AUD/USD: Reversed long to short at 1.0074 for .9905. Exit to long here (back short below .9888) or to flat above .9993

NZD/USD: Flat. Would enter long at .7614 for 7784, with stop/reverse here or below .7544

USD/CAD: Long above .9942 for 1.0030. Reverse to short here or back below .9948

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