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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Daily Chart Art - September 27, 2010

Posted 21:08 26 September 2010 | Comments

EURUSD: 1-hour

What's the dilly on EURUSD yo? It looks like EURUSD been poppin' like a Taio Cruz song at the club! The pair has now formed a bullish pennant, indicating that it could be headed for new highs! Will traders put their hands in the air and push the pair higher like they just don't care? Or will it break lower and find support around 1.3400?

GBPUSD: Daily

Mmm... That setup on GBPUSD is lookin' mighty fine! After rallying strongly last Friday, the pair is now in a prime position to retest resistance at the 1.6000 psychological handle. The question is whether buyers have what it takes to push the tempo and create new highs! Right now, it looks like a tossup. Sellers may just be catching their breaths before they take the pair back down to around 1.5400.

USDCHF: 4-hour

Aww yeah! Looks like we've got a bit of action on USDCHF! It's been trapped in a descending channel for over a month now. At the moment, it seems ripe for an upward bounce as it's testing the channel's falling support line. Will it give us the bounce that the bulls have been waiting so long to see? The area of .9935 looks like a good place to bag pips if you're looking to go long since it once held as support. Then again, you may want to side with the bears just in case USDCHF forges new lows.