Cyclopip

Cyclopip

Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile. While other crosses move relatively slow and exhibit low volatility.

Articles by Cyclopip

Cross-Eyeing: CAD/JPY – Trade Closed

Sorry for the late update. For those of you who took the trade knows that CAD/JPY dropped down to 102.50 and did a little reversal bounce. It was enough to trigger our first profit target, but not enough for the second. After pt1 was hit, the pair dropped and the second half was stopped out at break even.

Read More

Cross-Eyeing: GBP/JPY

Here’s a technical play on GBP/JPY. We seen lower highs on the 4hr chart and resistance at 235.35, which the pair is currently trading above. This is forming a descending triangle, in which i think is coming close to completion before we see a breakout. It’s not ready for a breakout yet, but I think the pair will continue to find support at 235.35 and rally from there.

Read More

Cross-Eyeing: EUR/JPY – Trade Closed

Our trade was stopped out as the Euro gained strength across all of the majors throughout the day, including the Yen. We were short a full position at a blended price of 156.65 and stopped out at 156.90. It’s a good thing we kept it tight because

Read More

Cross-Eyeing: EUR/JPY

Our short term trade was stopped out at a loss as our position was whipsawed after today’s slew of economic reports. Again, another frustrating trade as we watched the pair go back into our direction and nearly reaching full profitability.

Read More

Cross-Eyeing: CAD/JPY

Tonight we will be “Cross-Eyeing” CAD/JPY as we recently saw a weak Retail sales number out of Japan a few hours earlier. Japan’s economic data has been weak as of late, and today’s number won’t help much. We’ve also seen oil prices rise recently as

Read More

Cross-Eyeing: GBP/JPY

This morning, we watched Cable get a beat down as traders sold off their long GBP positions when BoE Governer King suggested that the rate hikes may end and that news came out that the vote for a January rate hike was only 5-4 in favor. I think this may be an over reaction by traders and

Read More

Success is the small sum of efforts, repeated day in and day out.Robert Collier