Tuesday, February 21, 2006

Busy Morning - Big Updates - Thank The Lord!!!



Today there has been some progress across the board - and there are some pretty good ideas developing for strong trade zones - The majors are not providing many views - however; what I call the "exotics" are - The Cable Yen and the Euro Yen are both firming up and finally showing some sort of direction - Which in my opinion (my opinion of course) is continued Bull Scenario - So the object is to carry through in a Bull stance. Here are my suggestions -

GBP/JPY
Enter @ 207.55// Exit @ 207.95 T1// SL @ 206.85

EUR/JPY
Enter @ 141.50// Exit @ 141.75 T1// SL @ 141.20

I am currently active in both trades at -1 and -4 repectfully...

I do not have ny great or even "good" trade ideas for my other crosses - the "Majors" yet - I am waiting for days end to make my analysis - and hopefully gain a little footing across the board. The Euro and Cable are both very close to, or engaged with prevailing Kumo structures (which always spells "RISK" on the 1D and 4H charts - so I am standing back - with insight from 1H and 2H speeds - so we will see...

Be careful out there!!

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