***TRADE UPDATE*** EUR/USD

Took all profits at 1.37900 and went long for s short term scalp with target of 1.38400-600. I DON"T ADVISE THIS LONG TRADE

***Trade Update*** Taking half profits in EUR/USD trade

***NEW TRADE UPDATE*** TIME TO SHORT EUR/USD

2 Counts, both bearish. Cancel the trade if it goes above 1.4100
Short 2 @ 1.39900 Short 3 @ 1.40100, and add to short every 10 pips thereafter.

Closing AUD/USD Long trade

I'm bearish on equities so it's wrong to be bullish AUD/USD at the same time. Taking some profits. There are some key levels to watch and maybe I'll put longs back on, but I doubt it. Out at 1.01050

AUD/USD - Buying on Weakness

Here's a daily chart of AUD/USD. I believe it's finishing a 4th wave triangle and I will be buying for longer-term on short-term weakness. I have buy orders in at 1.00100 and .99950 which are the 50 and 61.8% retraces of the last move up on a 15m chart. Good luck!

Russell 2K Daily - Upside target 845

I was working on my R2K count this morning and came up with an upside target around 845. I will fully unload short positions at that area if the waves are telling me to do so. Looks like we should see some weakness for wave iv of 5 before the final thrust higher in v of 5 of i of 3. I don't expect the pullback to be overwhelmingly strong since we are in a wave 3 up so I'll watch the waves to exit this position. Here's the chart I was working on.

SP-500 Where are we?

I have us in the final up move of i of 3 up. Looking at the hourly chart I only see 2 options with limited upside in the near term. I think the market will probably top on Thursday, February 17th then make a final low in June before the DJIA and SP-500 go up to challenge the all-time highs. Here is the hourly chart:

***NEW TRADE UPDATE*** Bought USD/CHF at the open .95675

I bought 5 lots, 50,000 shares, of USD/CHF at the gap down open today.

***NEW TRADE UPDATE*** Going Long AUD/USD @ 1.00600

I believe this was a 4th wave correction so we can set a tight stop-loss at 1.00285 so we're only risking 32 pips here with a potential profit of around 400. That's a pretty good risk/reward setup in my opinion.

Good luck!

***TRADE UPDATE*** Closed AUD/USD long @ .98900

Too much ambiguity and seems the market can't surpass 1246. Although it's game in the past has been to gap over resistance, so a gap up Monday wouldn't surprise me. First trade of December worked, and that's good enough for me.