Nothing so far today, however I do still have tons of charts to sift through. I do notice a possible channel trade setting up some time soon in the Japanese Yen. I would say it's a LONG, but you always have to wait for the best set-up to see if it is anything at all. Look at the chart. It's a weekly chart, so you can't just trade it when the Yen gets to the "buy" point...which here looks to be somewhere around .845-.85ish depending on when it gets there.
Like I have said before, the best trades are those that start on "bigger" charts like a Weekly or a Daily, but then are initiated by finding the best entry on a 60 minute, then futher down to at the VERY LEAST a 15 minute chart. I would almost never initiate a long-term trade off of a weekly or daily or even a 60 minute chart. There is simply just too much room for error. If your account can handle it, then fine, but for me, I'd rather wait for a better intraday set-up to get in.
Good luck. More to come later today for sure.
Andy
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