20070731 1007 GMT. A different perspective on the 4 hour EURJPY chart, using the Squeeze indicator. Red bars consecutively indicate the momentum is down during the big decline seen last week.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070729 EURJPY moves to the low of 162.5 from the breakdown point of 168.4-5 area. Unwinding of the carry trade could be the trigger of this type of move. Nevertheless, with a mindset of a down trend in place after the break of the triangle, a trader can trade on the right side of the trend move and reap the benefits these 1 1/2 weeks.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070724 2323 GMT. EURJPY provided the entry on the pullback to the moving averages in US hours. Breaking new lows below 167 currently.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070723 0836 GMT. With the assumption that we are now in a trend for the EURJPY cross rate, how can we best tackele where to enter in the trend? Moving down to the 30 min chart might be an idea, with the 20 and 100 moving averages providing the levels. RSI readings of overbought may also be a red flag to get ready to short.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070720 EURJPY spot forex closes below the 89 exp moving average. Would be expecting a pullback to this level, then look for clues from the MACD histogram for the short trade again. When the exchange rate falls below the key 89 exp moving average, the assumption here is for the downtrend to start, unless proven otherwise.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070720 1432 GMT. After two days from the initial break, the EURJPY finally breaks down, helping the position from the initial short signal. A tortuous wait, but now the rewards are harvested.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070719 0214 GMT. EURJPY 4 hr chart poised to break out of the triangle. But there is still just under 2 hours to go for this candle to complete. At 0700 Gmt we might check back to see any trade formation is valid.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070710 1431 GMT. A nice trend on the 30 min EURUSD chart today. These are the kind of trend days that make the extraordinary profits for the account.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070705 1439 GMT. A short trade on the EURUSD (at the horizontal line). This illustrates the importance of trading wen the price leads the entry decision, confirmed by the indicator. Beginners are taught to buy low, sell high, sell high, buy back lower. However, this trade illustrates that trading with the momentum is another viable strategy.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070705 0953 GMT. A nice scalp trade on the EURUSD for 10 pips. Now if you traded the EUR futures, a similar gain is garnered.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070702 1049. The same trade, with another setup, triggering 3 ticks lower. This would be the low volatility region breakout through resistance with the Heikin Asi candlesticks.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20070702 1036 ET. Long EUR futures at 1.3644 on the breakout of the resistance line and DMI confirmation. Need to be quick on the trigger forthis one.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart