Pipcrawler

The FOMC cut rates by 50 basis points yesterday, which was enough to push EUR/USD further up to my entry orders at 1.3000. Unfortunately, it pushed it up way more than that as

Cable fell as hoped, but missed my short entry orders at 1.59 before doing so. Doh! Since I missed the move on this blog, I have decided to close my entry orders to look for another opportunity.

It looks like I wasn’t able to get in the USD/JPY drop as the pair was not able to rally back up to 102.00. It just dropped like a rock making lows around

USD/JPY continued to fall today on risk aversion, and after hitting 101.00 I adjusted my stop to 101.50. Unfortunately, it bounced higher and

Good morning! With the Euro/US overlap coming to a close and my second profit target being hit, I’ve decided to pack it up for the week and bank my profits. With the G7 meeting going on this

My trade closed as USD/JPY rose to my adjusted stop during the morning US trading session.

Non-Farm Payrolls came out weaker than expected (-159K), immediately pushing down USD/JPY past 105.00. Unfortunately for my position, the pair quickly found buyers around 104.50 and

The , leading to risk aversion and a sell off in USD/JPY. It’s highly improbable that we will see my short orders at 107.50 as the outlook for the

A nice end to the week as my long entry orders were triggered and full profit was attained as risk appetites grew after US Government put together plans to halt the credit-market freeze.

My remaining position closed yesterday at break even, shortly after the adjustment as we witnessed wild swings during yesterday’s trading session.