AUDUSD Radar

Summary:

• Weekly(W1) above the river
• Daily(D1) bounced off the river(50/100EMA)
• 4 Hour(H4) has FAS

Entry Look out:

• H4 candle is about to close above river
• 5EMA to cross 50EMA on H4 chart
  

USDCHF Entry

USDCHF short

Date:  8/16/10 @ 4:00AM PST

Entry price: 1.0411

Stop loss: 1.0670

Next signif (long term) Support: 1.0125-1.0200

Notes:

• Weekly(W1), Daily(D1), 4 Hour (H4) below river
• H4 candle body close below river
• H4 5EMA crossed 50 EMA
• Daily ATR = 130pips
• Stop Loss approx 2x ATR

GBPUSD radar

GBPUSD long

Summary
4 hour (H4) bouncing off upward trendline

Daily(D1) in an uptrend above the river

Weekly(W1) in an uptrend but below the river[risky]

Watch for:

H4 full candle close above river(50EMA)

5EMA crosses river(50EMA) on H4

5/12 EMA angle & separation up

River Radar: USDJPY

Summary:

Weekly & Daily charts are in a downtrend below the river

4 hour chart retraced back to the top of the river(100 EMA) & bounced back down

Entry look out:

• H4 candle must close below river (50 EMA)
• Green line(5 EMA) must cross below river(50EMA)
• Enter short on next candle