Close but no cigar
There was an "ok" amount of movement in the markets today, none of which really gave any time for me to find a plausible entry, but at least there was something. I came very close to entering 2 trades. The...… More…
About Pippin Ain't Easy
Like the title of this blog suggests, making pips in the Forex is easier said than done. This "reality blog" will allow you to follow my life as a Forex trader. I'll not only discuss trades, but also my emotions during these trades. You'll see my ups and downs, my highs and lows, and my smiles and tears.
This is the true story of one man, picked to live in front of his computer screen and find ways to make money off the Foreign Exchange. See what happens when markets stop being polite, and start being real!
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Monthly Archive
In with the Yen, out with the Euro
Last Friday I talked about all the pairs I was close to trading. Well today, I finally entered one of my trades. I've been yapping about the USD/JPY and how it had recently made a 20 day high which was expectedly followed by a retracement. Well after 4 days since that 20 high, I am finally in trade after the USD/JPY broke through this level. Apparently during the G7 meeting, no one mentioned the need to raise the value of Asian currencies.… More…
Another insignificant day
Once again, nothing really major happened today except for the fact that it's more evident now that the ECB will raise rates again due to inflationary risks. Trichet used his popular statement of applying "strong vigilance" on inflation. That's such...… More…
Don't Overtrade
Here is a little excerpt from a Pipsychology article posted some time ago: "Don’t overtrade. Focus on the quality of each trade, not on the quantity. One of the hardest lessons for a trader to learn is not to overtrade....… More…
The Yen Again
Once again the story for today deals with the Yen. Everything I read talks about how the Yen is under pressure now that there are strong signs they will not raise rates again. There was a brief advancement for the...… More…
Yen is clear, Euro is foggy
What I mean to say is that with today's big drop in Japan's machinery orders, it's becoming more and more clear that Japan's rates will stay put. Japanese machinery orders came it at a shocking -16.7% while the forecast was...… More…
Breakout?
If you did any trading today, then you know that I'm referring to the dollar rally that occurred. In fact this whole week, the dollar has been making gains across the board. Today was pretty interesting though because the dollar...… More…
The Dollar Won't Die
From Non Farm Productivity to Unit Labor Costs to the ISM Non Manufacturing Index--we are still seeing economic indicators that hint at another possible rate hike by the Fed. All 3 reports came out higher than expected causing the dollar...… More…
Someone Give Me Some Caffeine!!!
So tropical storm Ernesto took his sweet time over us and flooded our whole area. But the flood wasn't what bothered me. The fact that we lost power did! Consequently I couldn't get into the market on Friday and so...… More…
