June, 2010


27
Jun 10

EUR/USD 6/27/10 Looking for Longs

Cashmechanics.comtm

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD

Technicals:

At 1.2290 there is daily trend line support.  The previous daily swing low is 1.2250.  This is the level we use to define our risk.  If price goes lower than 1.2250 then look for further bearish momentum on this time frame (this means there is no more reason to be long).  1.2470 is the recent daily swing high resistance and the first point to take some profit.

Play of the Week:

I am looking to go long at: 1.2290 area.

If filled, my protective stop is 1.2250

My profit target is 1.2470

Risk = 40 pips Reward = 180 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com


20
Jun 10

EUR/USD 6/20/10 Looking for Longs

Update: 6/21/10 11:00PM EST: We were stopped out with a -90 pip loss

Cashmechanics.comtm

Get cash back when you trade.

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD – To rangebound with bias skewed higher

Momentum bias – looking for longs at 1.2408.

Play of the Week:
I am looking to go long at: 1.2408 area.
If filled, my protective stop is 1.2318
My profit target is 1.2538

Risk = 90 pips Reward = 130 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com


13
Jun 10

EUR/USD 6/13/10 Looking for Longs

6/15/10 11:00PM EST Update: Removing the If then OCO order NO Trade

Cashmechanics.comtm

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD – To rangebound with bias skewed higher
Momentum bias – looking for longs at 1.2078

Play of the Week:
I am looking to go long at: 1.2078 area.
If filled, my protective stop is 1.1985
My profit target is 1.2208

Risk = 93 pips Reward = 130 pips
(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com


6
Jun 10

EUR/USD 6/6/10 Looking For Shorts

Update: 6/9/10 7:52PM EST Closed position at 1.1983 +7 Pips

Cashmechanics.comtm

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD – To rangebound with bias skewed lower

Momentum bias – looking for shorts at 1.1990.

Play of the Week:
I am looking to go short at: 1.1990 area.
If filled, my protective stop is 1.2081
My profit target is 1.1855
Risk = 91 pips Reward = 135 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com


1
Jun 10

EUR/USD 5/30/10 Looking For Shorts

Update: Due to technical problems I was not able to post this trade on the blog. I was able email this post this week and this trade was emailed at 6:33PM EST on 5/30/10

Update: 6/1/10 Took Profit 130 pips

Cashmechanics.comtm

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD – To rangebound with bias skewed lower

Momentum bias – looking for shorts at 1.2313.

Play of the Week:

I am looking to go short at: 1.2313 area.
If filled, my protective stop is 1.2403
My profit target is 1.2183
Risk = 90 pips Reward = 130 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com