Cyclopip

This week hasn’t been kind to euro bears, myself included! The currency seems to be shrugging off all the bad vibes of the European debt crisis!

Our trio of crosses were very active and showed interest in the areas that we pointed out in last week’s Weekly Watch. Let’s see if this week’s levels get reactions from the markets!

Looks like I picked a bad time to short the euro! Yesterday’s euro rally caused EUR/GBP to break its falling trend line and stop me out. It’s a good thing I cut back my risk!

What a week for the euro, eh? Not only did it sink against the dollar, but it weakened against the rest of the majors as well! Could we see a repeat performance this week?

Awww yeah! I’m lovin’ 2012 already! I managed to bag a total of 280 pips on my first trade of the year! Check it out!

Happy New Year to one and all! I hope you were able to get plenty of rest over the holidays because this week, we’re diving right back into the markets!

To say that trading was wild on cross-currency pairs this year would be an understatement. Despite the choppiness in the markets, I don’t think I fared too badly at all. Here’s a recap of my trading for 2011.

Resistance at around 122.20 didn’t hold this time around, and unfortunately, my GBP/JPY position got stopped out. Not quite how I wanted to end the year, but good thing I didn’t risk too much on this trade!

What a crazy week we saw last week! If you didn’t catch the early sell-off, you might have had a harder time making some pips later in the week as we saw some major consolidation. With the holidays just around the corner, will the consolidation continue? Here are some levels to keep an eye on this week!

Looks like lady luck wasn’t on my side this time, as I missed out on getting triggered on my GBP/JPY trade! Now it’s trading near the bottom of the channel! Drats!