About Pippin Ain't Easy

Pippin Ain't Easy Author

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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September 2012

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Daily Chart Art - September 4, 2012

GBP/USD: 4-hour

GBP/USD 4-hour Chart

Could this be the end of the line for Cable bulls? After all, it seems to be forming a double top on the 4-hour chart, as its finding tough resistance at the 1.5900 handle. With Stochastic in overbought territory, we may just see the bears come back in force. Don't be surprised if we see a test of the neckline at around 1.5800 over the next couple of days.

NZD/USD: Daily

NZD/USD Daily Chart

Take a look at that daily chart of NZD/USD! Fibonacci retracement? Check! Bullish divergence? Check! All that's missing is some candlestick confirmation! If we see a reversal candlestick form on the Fib level , that may be the signal that we need to start loading up on some long positions!

USD/CHF: 4-hour

USD/CHF 4-hour Chart

Lastly, here's a look at USD/CHF. This pair's been on a smooth down trend the past few weeks, respectfully bouncing off the falling trend line. Will the bears remain in control or will the bulls finally muster enough strength to break through? We'll have to be patient on this one and wait for another test of the trend line, which may happen at .9600 handle. If you see some candlesticks indicating a bounce is in play, you know what to do!

To get the complete picture and avoid getting blindsided by economic data, you also have to do your fundamental analysis.

Lucky for us, Pip Diddy fills us in on what we need to know about fundamentals with his Daily Forex Fundamentals.

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"Feel the fear and do it anyways."
Susan Jeffers
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