I am with the Amish on this one.  This pair closed below the blue trend line and is headed south…ever so slowly.

I have a final profit target at .7865.  Stop loss at above .7953.

-Dave

No matter what the Governator says, most currency pairs are opposed to having same-pair pairings, like "EUR/EUR."  I, for one, could really care less.

What I do care about is that the EUR/USD is falling, and where it might fall to.  Here’s a green BaseLine that I think might come in handy as we see the pair retreat today:

A break of the blue line should take us down to the green support line.

The Supreme Court votes "Yea" to this trade.

The GBP/USD trade is doing nicely.  The red line was broken, we’ve made it down to the blue line (what I call the "EntryLine") and now we’re getting ready to break the blue line and go further.  We’ll look at all the next trade possibility in a moment, but here’s the updated chart:

And here’s a link to see the original trade idea: Click here.

And now an update on what we’re going to do about the blue EntryLine:  we’re going to watch and wait on the 1 HR chart for a close below the blue EntryLine and then we’re going to sell, towards the green "BaseLine".  May the force be with you!

Good morning, all!  I’ve updated a bunch of trades below for June 30.  More updates coming throughout the day.  Dave will probably jump in with a few ideas and animals and crazy charts of his own.

I’m traveling and will do my best to update the charts as well.

The EUR/USD is rocketing upward.  Can it be stopped?

It’s on the way up to the green line.  Check this out:

Ok, so it’s absolutely true that this Australian dude tried to sell his life on ebay.  But he didn’t get as much as he thought he would: watch here.

Now, trading can be like that too: we think we’re going to get a lot more out of a trade than we actually do get.  Some people have a really hard time with that.

Here’s the next GBP/JPY trade: a close above the blue line should take us to the green line.

The USD/CAD short trade is still going, and going.  This pair has treated me pretty poorly over the months and years, and I keep going back to it anyway, thinking, "This time is different."  Well, maybe this time is different, and we’ll see this pair finish what it started.

My stop is now just above 1.0220, and the profit target is way down at .9870 (the greenline). 

The GBP/USD short term trade is open; the red SteepLine is broken, and the pair is making its way down to the blue trendline — you can’t even see the greenline on this chart, but we’ll get back to showing that level if the pair can make its way down.

My stop loss is up at 1.9975.  Here’s the chart:

Wombats are angry! 

It is Friday afternoon and this is close to the 9600 area.  Even so, a good close below that area would trigger sell trade. Stop loss above .9635.  Target is the green line or .9555 or so.

-Dave