Still liking the EUR play through EURJPY, I am now looking quite hard at EURUSD for a resumption. A free cup of egg nog to the trader who can tell me why. Hint - the answer may not lie in the EURUSD chart.

Strat's Long Term Stress Free Trading

Same technique...different day. USDCHF remains a crystal ball of sorts. The brakes were on at yesterday's close with the inability of USDCHF to confirm the highs (corresponding to the lows on EURUSD). Overall it helps the case for EURJPY, as ...

Strat's Long Term Stress Free Trading

Yes, indeed...there is some unity - from 12/11/09: "Overall, there is room for some dollar buying on multiple fronts, so perhaps it is time to put up or shut up, as they say. A recovery of the 90 level is a wellie filler for those Dr. Joe fans in ...

Strat's Long Term Stress Free Trading

Oh - Oh - gotcha....you've referenced that before. No, I was looking harder at that July low at 91.75. I look at Fibos to some extent, too. Tough sledding in here ahead of 92.50. Should clarify things.

Strat's Long Term Stress Free Trading

LOL - What? Italian Ice Cream?

Strat's Long Term Stress Free Trading

Speaking of trading to nearest resistance, USDJPY now at the expected initial target (from July for those wearing blinders). Response from here is of interest.

Strat's Long Term Stress Free Trading

Interrupting my pre-Christmas sabatical to take a long look at E/J on the heels of the productive close in USDJPY. It is compelling that 129 was unable to be broken on a weekly closing basis.

Strat's Long Term Stress Free Trading

Looks to me like he's been watching E/J since March. Fortunately he is about to wake up.

Strat's Long Term Stress Free Trading

LOL - Yes, that was a minimal one, hardly worth a public comment, but nevertheless successful. LOL - I've been told I see what I want in the chart anyway! A direct line, huh? Hmmmmmm......

Strat's Long Term Stress Free Trading

Precisely......That said, it does seem to my crazy eye that - once again - the ability of USDCHF to close above resistance led the way to a profitable trade, while EURUSD failed to close below the corresponsing support n Friday. As discussed last ...

Strat's Long Term Stress Free Trading

Indeed, as always - you bring up interesting and important points. At the end of the day, whatever makes one the most money is beautiful to behold. LOL- I always sleep better holding EURUSD....that is worth something. Now, if I traded GBPJPY, I ...

Strat's Long Term Stress Free Trading

Interesting. What I can relate from experience, however, is that over the years I have used wider stops in CHF based pairs, and wider still on the elusive JPY pairs. To focus a bit more, my point is that the various S/R levels tend to be tested to ...

Strat's Long Term Stress Free Trading

I like that statement

Strat's Long Term Stress Free Trading

We tend to make money off of all three, actually. The first two jump early......The latter joins the fray too late, boosting profit.

Strat's Long Term Stress Free Trading

Indeed, that is how I was trained. The EUR CHF argument is interesting. To me EURUSD is the most technical pair on the board; however, I do find the various S/R levels tested more frequently through CHF. That was the case earlier in the year for me, ...

Strat's Long Term Stress Free Trading

Indeed....from 11/25 "I would see if the commodity currencies are able to make new levels and trade accordingly."

Strat's Long Term Stress Free Trading

USDJPY close 12/14/08 89.10 USDJPY close 12/11/09 89.05 Hooray for the shorts!

Strat's Long Term Stress Free Trading

One could say that the weekly 20 is controlling USDCHF of late; however, I am more inclined to say that it marks confluence with major S/R levels, as does today's close. Notably, though, that R level was not quickly rejected, setting up a relatively ...

Strat's Long Term Stress Free Trading

For whatever reason, I have had success over many years "reading into" CHF as a leading technical indicator. Perhaps others have different insights, but to me, it is a bit of a crystal ball, lending perspective to my EURUSD trades. Perhaps it is ...

Strat's Long Term Stress Free Trading

Yes, the long term charts are controlling my entries now. The last 2 Fridays have been fortuitous to the value players. But overall, it's been a series of nice bursts followed by disappointment. The technical trade, though, seems to be ready to ...

Strat's Long Term Stress Free Trading