IEM's Trading Blog This trading blog will include setups I see and track how I played them. I am a developing momentum chart swing trader. Draw your lines and take your trades, Cheers!

I will be watching the old carry trade pair EUR/JPY, which has a high correlation with the equity markets around the world.

EUR/JPY - If this bear flag breaks to the downside, the US equity market should follow


FXI - This market bottomed before the US market for 2-3 months last year. Right now, this market topped in Nov and has put in a clear lower high. 41-41.5 would be a great place to initiate a short.