kharvell's EASY-to-follow thoughts

Hello,

This is designed for both you and me to give us both currencies to watch out for and ultimately buy/sell as simply as possible! As they say here in Texas, cut the crap, let's hear it.

kharvell

Currencies to watch out for (astericks denote importance in my opinion):
Long USD/CAD*
Long CHF/JPY (Waiting for a break above 97.68)
Long EUR/GBP (Waiting for a break below .669)
Long USD/CHF
Long EUR/CAD (Waiting for a break above 1.5354)
Long EUR/CHF*
Long USD/JPY (Waiting for a break above 119.25)
Long GBP/CHF

NOTE: These are merely considerations, later on I will decide to actually buy them depending on how the market plays out

Nothing TOO major as of late, have made my first move as it relates to this thread:

BUY EUR/CHF @1.6071 S/L 1.6045

Expect to see it go up to around 1.6100

Psst... btw I tend to not use Take Profits as it's more fun to let it ride, especially being a bit of a trend follower that I am

I consider the following more of a "gut trade." While it didn't break through the .669 as I believe it will eventually, it did approach a resistance that it has tested about 3 times now. I'm using a tight stop just in case that "gut feeling" happens to be off : :

Recommendation:

SHORT EUR/GBP @ .6714 S/L .6720


So far:
EUR/CHF @ 1.6067 = -4 pips

So my gut was wrong for now, but I don't sweat 6 PIPS..EUR/GBP stopped out 1.6720

Recommendation:
BOUGHT USD/CAD @ 1.1631 S/L 1.1575

Currencies to watch out for (astericks denote importance in my opinion):
Long CHF/JPY (Waiting for a break above 97.68)
Long EUR/GBP (Waiting for a break below .669)
Long USD/CHF
Long EUR/CAD (Waiting for a break above 1.5354)
Long USD/JPY (Waiting for a break above 119.25)
Long or short GBP/CHF depending on break out direction; leaning more towards short

As of now:
EUR/CHF @ 1.6079 = 8 PIPS
USD/CAD @ 1.1638 = 7 PIPS

This resistance has been broken, am waiting for a slight seller rally, then will buy.

As of now:
EUR/CHF @1.6092 = 21 PIPS
USD/CAD @ 1.1645 = 14 PIPS