Trade Results Tuesday Feb 14 Morning

AUD/USD. Target 0.7714, reversed from 0.7696 and traded to bottom at 0.7643. That’s + 53. Price path was very normal, typical for AUD.

NZD/USD. High Price 0.7194, shorts below 0.7196. Traded to bottom 0.7159, That’s + 37. Price Path was very normal as usual for NZD.

USD/JPY. Bottom 112.74 held at 113.25. Target 113.83 on must break 113.56, Traded to 114.30’s. Normal Price Path, target off however 113.62 hit before 10:00 am EST hour. Trades good to 10:00 under normal rules.

EUR/USD. 1.0633 reversed to bottom 1.0566, +67. Most important as mentioned reverse would come before 1.0650. Normal Price Path EUR/USD.

EUR/JPY. Target 120.87, perfect. Low 120.22, Bottom 119.73. + 50? Normal Price Path.

GBP?USD. Dropped from 1.2534, below vital break 1.2546. Broke bottom at 1.2483 to 1.2442 then reversed to 1.2489. My Point was 1.2498. Unusual Price Path. Lesson and Rules. Bottom breaks are free trades long. True market gifts. Price must trade back through Bottom point and normally travels to the first point in my series. Price stopped at 1.2489 and 9 pips before my 1.2498. Again. Never wait for the lat pip, 1.2442 to 1.2489 = 47 pips. This and other trades taken results in good profits.

GBP/JPY. Same as GBP/USD. 142.27 reverse to 140.97, Bottom was 141.44. Then traded back to 141.71 for 64 pips. My point was 141.61. Bottom break, again is Free trades, market gifts. GBP/JPY had multiple opportunities. Short from 142.27 to 141.44. Long from 140.97. But Unusual Price Path. Could’ve easily walked from GBP/JPY today as well.

 

Brian Twomey, Inside the Currency Market, btwomey.com

 

 

 

Tuesday Morning Feb 14 Live Trades

AUD/USD

Long Short Line 0.7665

Most important 0.7605 and 0.7555

Bottom. 0.7626 achieves by 0.7647 and 0.7635

Upper target 0.7700, Caution overbought here, don’t like longs

Yesterday’s 0.7600 is today 0.7605, Wide area from 0.7605 to 0.7620

 

USD/JPY

Long Short Line 113.62

Most important 112.45 and 111.76

Bottom. 113.05 achieves by 113.33 and 113.20

Upper target 114.19, Watch 113.90 for Continuation/ sell failure point

Trend Up

 
NZD/USD

Long Short Line 0.7176

Most important 0.7198, 0.7187 and 0.7123

Bottom. 0.7139 achieves by 0.7157 and 0.7148

Upper target 0.7212, Watch 0.7194 for Continuation Failure point

Trend down

 
EUR/USD

Long Short Line 1.0598

Most important 1.0678 and 1.0731

Bottom. 1.0544 achieves by 1.0571 and 1.0557

Upper target 1.0648, Watch Continuation,Fail point 1.0627

Trend down

 

EUR/JPY

Long Short Line 120.41

Most important 120.01 and 119.85

Bottom. 119.89 achieves by 120.21 and 120.04

Upper target 120.98, Watch 120.73 continuation Failure point

Do or Die EUR/JPY, Trend up, 120.01 and 119.85 must hold, Break means downtrend

Trend overall up

 

GBP/USD

Most important 1.2522

Most important 1.2408 and 1.2544

Bottom. 1.2459 achieves by 1.2491 and 1.2474

Upper target 1.2578, Watch 1.2553 for Continuation/ Failure point

GBP higher must clear 1.2544,

Trend down
GBP/JPY

Long Short Line 142.27

Most important 140.10 and 139.53

Bottom. 141.56 achieves by 141.91 and 141.73

Upper target 142.83, Watch 142.67 Continuation / Failure point

Trend up

 

Brian Twomey, Inside the Currency Market, btwomey.com